Many of today's customs house brokers rely on legacy systems. Increasingly, new Customs and Border Protection rules and regulations are challenging the capacity of these systems. Beyond just functional limitations, many firms are finding that older technology can be expensive to operate and maintain. Sometimes, maintenance demands are so great that in-house IT staff must focus all their time and energy on keeping these systems operational. Real risks accompany the decision to stick with older systems.
Hong Kong has maintained its status as the world's freest economy, a distinction that it has achieved for 20 consecutive years. The nomination was made in the 20th anniversary edition of the Index of Economic Freedom, published jointly by The Heritage Foundation and The Wall Street Journal.
If you're a supply-chain executive, there's a good chance that the next tsunami, hurricane, flood or other disaster will take your organization by surprise. Again.
Is the forecast really dead? Should companies instead shift their focus to acquiring the ability to respond quickly to whatever happens in markets? A SupplyChainBrain Power Lunch discussion with Jim White, vice president of central operations with Applied Materials; Jake Barr, chief executive officer of Blue World Supply Chain Consulting; and C.J. Wehlage, vice president of high tech solutions with Kinaxis.
Two reports released by the World Bank provide new insights on Vietnam's freight logistics sector, including inland and coastal waterways, highlighting that it can be a new driver of growth for the country.
There are cyclical industries, and there's the defense industry. In wartime, billions of additional dollars flow to defense contractors from the U.S. government, and in peacetime, Congress tightens the money spigot. It's a cycle that all contractors are used to, except this time around there's an added dimension: the Budget Control Act of 2011 and sequestration.
Jim White, vice president of central operations and CPO with Applied Materials, talks about the challenges his company faces in gaining full visibility of supply and demand, and in dealing with increasing supply-chain volatility.
Advanced emissions monitoring of large ships calling at EU ports could help save owners and operators of large ships up to 9m Euro ($12.2m) a year, according to a new study published by sustainable transport group T&E.