Here are the top news stories impacting global supply chains this month. The recent CrowdStrike outage and its impact on the industry highlight several lessons learned and changes that need to be made. First, it clearly exposed the vulnerability of the supply chain when it comes to cybersecurity. Businesses need to invest in supply chain resilience and have contingency plans in place for future di...
The ocean shipping industry is currently dealing with a perfect storm of challenges: from geopolitical tensions disrupting key trade routes to labor uncertainties and escalating costs. Supply chain stakeholders must adopt a strategic and proactive approach to continue operating successfully in this environment. Here are four ways to start. With Diversification: A Cornerstone of Resilience The deli...
Here are some of the top news stories affecting global supply chains. The container shipping market is currently experiencing a high demand for more ships and containers, mostly driven by the disruptions caused by the Red Sea crisis. The situation has upset the balance between supply and demand, increasing the need for capacity and leading to a surge in ship orders, particularly from Chinese and S...
The International Longshoremen Association (ILA), representing about 85,000 port workers at U.S. East and Gulf Coast ports, is taking a stand in its labor negotiations. With a new labor contract needed soon, the ILA has suspended contract negotiations with the U.S. Maritime Alliance (USMX), which represents employers at the ports because of a dispute over automation, ILA leadership has signaled a ...
Here are some of the top global supply chain news stories happening right now. Canada’s labor board has intervened in a potential strike by rail workers at CN and CPKC, delaying a possible work stoppage that was slated to begin as early as May 22. The Canada Industrial Relations Board (CIRB) is reviewing whether a strike would have “potential impacts to the health and safety of Canadians.” The Tea...
Notice: A strike is likely that will affect imports arriving at Canada’s West Coast ports this month
With a 22 May deadline for Canada’s rail strike looming, many companies are drawing up contingency plans for North American west coast port calls out of concern for an extended recovery period, significant backlogs, and knock-on effects. Canadian rail workers union the Teamsters Canada Rail Conference (TCRC) called for industrial action following five months of unsuccessful discussions with employ...
The Transmodal Logistics Update for April 2024 Here is some of the top supply chain news happening right now. For the last several months, we’ve heard that the full impact of the Houthi attacks was still uncertain, but that has changed. Especially now that the situation in the Red Sea is intensifying as Somalis step up their pirate activity in the area. To date, carriers are being rerouted around ...
In 2023, the trade relationship between the United States and Thailand witnessed a remarkable upswing, particularly in the realm of imports from Thailand. This 400-word article delves into the dynamics of this bilateral trade, highlighting the major commodities and their values that characterized the imports from Thailand to the USA in 2023. **Overview of Trade Growth** The year 2023 marked a sign...
In 2023, the trade relationship between the United States and India continued to strengthen, reflecting a deepening economic partnership in a rapidly changing global landscape. This 400-word article will focus on the dynamics of this bilateral trade, particularly highlighting the major commodities and their values that characterized the imports from India to the USA in 2023. **Growth in Trade Volu...