Earlier in the month, Congress and President Obama reauthorized legislation surrounding the Export-Import Bank, ultimately extending its lending authority for another two years and increasing its credit limits.
Kewill plc, a vendor of software to automate global trade and logistics processes, has reached agreement to integrate its application with that of a counterpart based in Hungary.
Each disruption in global supply chains seems to bring a new surprise. On March 31 of this year, it was an explosion and fire at a chemical plant in Marl, Germany. The incident at the factory of Evonik Industries resulted in the deaths of two workers and caused damage that will take all summer to repair.
A year after adulterated heparin caused deaths in the United States and Europe, inspectors in California were still finding contaminated product in hospitals throughout the state, even though the manufacturer had sent out multiple recall notices, and the issue with the product was well known. As the pharmaceutical industry responds to regulatory mandates to address such weakness in the supply chain, it's important to ask, "Could this same thing happen in a 'serialized' world?"
At least half of Fortune 500 companies don't bother to translate their online information, which is alarming given that 70 percent of people using the internet are not native English speakers, says a study from One Hour Translation.
A simplified "Product of Canada and the USA" labeling system should apply to beef and pork as well as livestock raised, processed, and traded between Canada and the United States, says a study released by the Fraser Institute, a Canadian public policy think tank, and the Competitive Enterprise Institute of Washington, DC.
Negotiating a good outsourcing agreement involves much more than just achieving the pricing you desire. As you go through the process, you will go through the normal "give and take" discussions as you work with your potential provider(s). However, it is important that you do not focus solely on pricing.
Global enterprises increasingly want consistent service wherever they operate in the world and that extends to services required to maintain buildings, says Michael Raphael of Jones Lang LaSalle, a leader in industrial real-estate management.
In the strongest terms possible, defense and diplomatic leaders have urged the U.S. Senate to ratify the Law of the Sea Convention. Defense Secretary Leon E. Panetta along with Army Gen. Martin E. Dempsey, the chairman of the Joint Chiefs of Staff, joined Secretary of State Hillary Rodham Clinton in testimony before the Senate Foreign Relations Committee. All three urged the committee to approve the treaty.