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Category: International

International

Luxury Goods Rethink Supply Chains

  • November 6, 2019
On October 17, Trump attended a ribbon-cutting ceremony in a somewhat surreal place. He stood in the new 100,000 square foot Louis Vuitton workshop in Keene, Texas, a small country town with just over 6,000 people. On the factory wall hung an oil painting of the brand’s founder, Alex Katz, alongside a poster of George […]
International, Shipping

The New Northern Sea Route – and Who’s Opting Out

  • September 24, 2019
On September 18th, workers at the Port of Qingdao, China, lined up to welcome the Tian Xi, a vessel owned by COSCO arriving from Finland. The vessel got a welcome ceremony because it had arrived in China via a particular route: the Tian Xi had traveled through the Arctic, along the emerging Northern Sea Route. […]
International

Manufacturers are Dodging Tariffs with Transshipping

  • September 15, 2019
As tariffs on Chinese imports pile up, manufacturers are finding new ways to prove the adage “constraints breed creativity.” A time-tested strategy consists of shifting manufacturing operations to change a product’s country of origin. Shipping products that lack a “Made in China” sticker mitigate the effects of the $550 billion worth of US tariffs that […]
International

Air Cargo Market Tries to Find its Footing

  • August 28, 2019
Last year saw an extraordinary rate of growth for air cargo. No one expected 2019 to replicate that level of demand. Still, even with mild expectations, the global air freight market has been strikingly weak in the first half of 2019. The International Air Transport Association (IATA) previously forecast an average annual growth rate of […]
Industry News, International

Trade in the Face of a No-Deal Brexit

  • August 19, 2019
The European Union represents a unique project in economic integration. Likewise, Brexit represents a unique problem in trade relations. The single market created by the EU has meant an absence of duties and quotas for Member States, along with free movement for workers and a reduced administrative burden. While most hoped that a new FTA […]
Industry News, International

Global Markets Sound Alarm as Hong Kong Protests Escalate

  • August 13, 2019
As Hong Kong enters its tenth week of increasingly violent and disruptive demonstrations, both companies and the people on the ground are growing increasingly nervous. On Friday, roughly a thousand protestors dressed in black staged a sit-in at Hong Kong international airport, distributing flyers, and chanting “Do You Hear the People Sing?” from Les Miserables. […]
International, Shipping

This Peak Season Will Be a Wild Ride. Here’s How to Prepare

  • July 3, 2019
Peak season is always a hectic time for shippers, carriers, and logistics professionals. While its arrival (from about mid-August through mid-October) is fairly predictable, it’s a season characterized by abrupt changes in the shipping landscape. However, even by peak season standards, 2019’s pre-Christmas rush may be in a class by itself for sheer unpredictability. There […]
Industry News, International, Shipping

Manufacturing Begins a Slow Exodus from China

  • June 21, 2019
These days, the outlook for international trade can turn on a dime (or a tweet). International supply chains, on the other hand, take much longer to adjust to changes, especially when it comes to China, the world’s second largest economy and the site of so much of the world’s manufacturing. However, despite the difficulties of […]
Industry News, International

25% Tariffs Are Here. Now What?

  • May 31, 2019
Since the White House imposed its first round of tariffs against China in February 2018, each new escalation of the trade war between the world’s two biggest economies has been greeted with disbelief. Yet this month, with the tariff rate on $200 billion of Chinese imports rising from 10 to 25 percent, business leaders, economists, […]
Industry News, International

Italy Joins China’s Belt and Road, to America’s Chagrin

  • April 29, 2019
In March, Italy became the first G7 country to formally join China’s Belt and Road Initiative (BRI). The deal, confirmed during a visit by Chinese President Xi Jinping laid the groundwork for a preliminary $2.8 billion in Chinese investments in Italian projects, including  infrastructure improvements at Italian ports in Trieste, Genoa, and Palermo. The announcement […]