U.S. port authorities and ocean carriers, dealing with record import volumes, need to ensure that exports aren’t hindered amid the unprecedented supply chain logjams that aren’t showing clear signs of dissipating, President Biden’s port envoy says.
U.K. traders are falling foul of a new IT system policing goods crossing the English Channel, as companies grapple with a fresh wave of post-Brexit red tape.
Severe congestion is impacting every stage of the global supply chain. Charles Armstrong, founding partner at Orion Advisors Group, explains how we came to this state of affairs.
Lee Smith, attorney and leader of the International Trade & Security Practice of the law firm of Baker Donelson, lays out the major trade issues that importers and exporters are likely to encounter in the coming year.
Here’s a look back at our most-clicked stories this year — which showcase the worst of the crisis, new ideas that it spurred, and a glimpse at how we got here.
Mince pies. Latkes. Eggnog. Tamales. As extended families the world over plan holiday celebrations again, they’re encountering a harsh reality: Traditional foods, especially those sold for a limited time in even a normal year, are significantly costlier in 2021 — if they’re even available at all.
Asia’s relentless buying of liquefied natural gas earlier this year has left the region so well stocked for winter that spot shipments are being diverted to energy-hungry Europe.
In 2020, the average cost of Thanksgiving dinner for a family of 10 was $46.90 per person, an all-time low. Fast forward to 2021, and Thanksgiving was the most expensive on record.