In 2023, the trade relationship between the United States and Vietnam continued to flourish, particularly in the realm of imports from Vietnam to the USA. This 400-word article delves into the dynamics of this trade, highlighting major commodities and their values, which underscore the growing economic interdependence between the two nations. **Surge in Import Volumes** The year 2023 saw a signifi...
In 2023, the global air cargo industry continued to play a crucial role in the rapid movement of goods across international borders. Several airports stood out as key players in this sector, handling immense volumes of air cargo. This 500-word article explores the top airports that handled air cargo in 2023, focusing on their volumes in kilograms. **Hong Kong International Airport (HKG), Hong Kong...
In 2023, the trade relationship between the United States and Peru continued to evolve, marked by a significant flow of imports from Peru to the USA. This 400-word article will explore the dynamics of this trade, emphasizing the major commodities and their values, which highlight the strengthening economic ties between the two countries. **Diverse Range of Imports** The year 2023 witnessed a diver...
Here are some of the top supply chain news stories happening right now. The new year ushered in some big changes for the EU—the inception of the new European Union’s Emissions Trading System (EUETS). With the new regulations in place, vessels that stop at any EU port will need to pay for their carbon emissions with EU Allowances (EUAs). This is happening despite pushback from several shipping comp...
In the intricate world of international trade, understanding the nuances of customs regulations is crucial for businesses involved in importing goods into the United States. One such critical aspect is the concept of a “Binding Ruling” issued by the U.S. Customs and Border Protection (CBP). This 500-word article aims to demystify what a binding ruling is, its importance, and how it functions withi...
Here are some of the top supply chain news stories happening right now. China has been making some aggressive moves that are causing jitters in the industry. In an effort to increase its exports they’re offering much lower prices in many product categories, raising concerns in other countries and prompting them to take trade actions to protect their own industries. Analysts estimate that China’s e...
Here are some of the top supply chain news stories happening right now. According to a new CNBC Supply Chain Survey, there’s no good news for the state of the freight industry for the rest of 2023 and well into 2024, as the global freight recession is expected to continue. There are a number of factors that play into this, including high inventories, a pullback in consumer spending, and overcapaci...
Here are some of the top supply chain news stories happening right now. As of April 2024, the Consortia Block Exemption Regulation (CBER) will be discontinued. Earlier this month, the European Commission announced that it would not be renewing the exemption, which was introduced in 2009. The CBER allowed shipping companies to coordinate vessel-sharing agreements and pool capacity, but the EC feels...
Introduction Navigating the complex landscape of international trade requires a keen understanding of compliance, particularly with regulations set forth by the U.S. Customs and Border Protection (CBP). While there are no specific federal case law citations directly addressing CBP compliance pitfalls, the legal landscape is fraught with examples of companies facing severe penalties for non-complia...