More than 30 years ago, when I began writing about transportation and logistics, one of the first pieces that I did was about the imminent demise of the U.S. merchant marine. Today, I find myself addressing the same issue. As industries go, this has got to be one of the slowest deaths on record.
The term "global trade management" used to mean one thing: compliance. Not anymore. Today, GTM embraces the whole experience of moving goods across borders: regulation, duty management, logistics and, most of all, global supply-chain visibility.
A maritime attack from Al-Qaeda or other affiliate terrorist groups is now increasingly likely, maritime security firm Gulf of Aden Group Transits (GoAGT) has warned.
Third-party logistics companies with experience in Mexico and strong partnerships with leading Mexican carriers and customs brokers can make cross-border shipping a truly seamless activity, says Dennis McCaffrey of XPO Logistics.
Having completed 16 acquisitions of small logistics companies in the past seven years, Echo Global Logistics knows something about successful takeover strategies. CEO Doug Waggoner talks about the company's growth-through-acquisition initiatives.
Companies that want to reduce their carbon footprint need to pay attention to the energy they use. But at least as important - and in some cases even more so - is paying attention to the energy used by links in their supply chain.
Li & Fung - the most important company that most American shoppers have never heard of - has long been on the cutting edge of globalization, chasing cheap labor to garment factories first in China, then elsewhere in Asia, including Bangladesh. Now, with sweatshop disasters there drawing international scrutiny, the business is looking for the next best place - perhaps South America or sub-Saharan Africa - where it can steer apparel buyers seeking workers to stitch clothing together for a few dollars a day.
While most executives recognize the importance of supply chain sustainability, cost is still a major factor and trumps environmental impact as a driver of behavior, according to a survey of 150 C-level and senior leaders at U.S. and European companies, according to AlixPartners, a global business-advisory firm. However, those that can implement cost-effective sustainability strategies and effectively market them to customers will have a competitive advantage.
Long waiting lines of incoming trucks at the Ports of Los Angeles and Long Beach create an unacceptable drag on productivity, says Mike Stark, president and CEO of Pacer Distribution Services and an active member of the Harbor Trucking Association. Stark explains how adaptive appointment software could help remedy this situation.