March 14, 2022.
On March 11th, 2022, the United States and G7 allies removed Russia from their Most Favored Nation Status. This allows the U.S. and the G7 to impose tariffs on various Russian goods allowing them to put more pressure on Russia’s economy. This is yet another effort to pressure...Read More
March 08, 2022.
On March 8, 2022, President Joe Biden issued an executive order prohibiting the following: Imports of crude oil, certain petroleum products, liquefied natural gas, coal, and coal products from Russia. New investment in Russia’s energy sector by U.S. persons located anywhere Any approval, financing, facilitating, or guarantee by a...Read More
Cryptocurrencies and Blockchain Technology Look to Expand Their Footprint in Global Trade for FY2022
March 02, 2022.
Since the introduction of cryptocurrency in 2009, each passing year has seen it play a steadily larger role in worldwide transactions, and these effects are starting to be felt in international trade. As the global economy propels forward into 2022, cryptocurrency and blockchain technology promise to have an outsized impact, and the...Read More
February 28, 2022.
Presented by Finance Minister Nirmala Sitaram, Union Budget for FY 2022-2023 has been structured to have a transformative approach to the nation's economic growth and sustainable development with a focus on Green Logistics. In her budget speech, she pointed out that the driving engines for this transformation would be...Read More
February 28, 2022.
Within hours of Ukraine being invaded by Russia, the U.S., U.K, and EU all announced new sanctions in an unprecedented attempt to isolate Moscow from the global economy. The sanctions did not include restrictions on the purchase of Russian oil and gas, however, as these materials are significant...Read More
February 25, 2022.
The U.S. has announced significant new restrictions on exports to Russia as a response to the invasion of Ukraine. These new sanctions, effective February 24 include: New license requirements for all ECCN number in categories 3-9 of the CCL, some of which were not previously controlled to Russia. This...Read More
February 25, 2022.
After 52 years, MSC has climbed to the #1 position in the world of ocean freight, crossing this line on January 5th with the acquisition of the classic Panamax vessel MEXICO. Wan Hai’s pivot to the Trans-Pacific market is evident in the rest of the market. The Taiwanese line&rsquo...Read More
February 24, 2022.
Bloomberg writes that logistics companies such as Maersk and Evergreen together made a profit of 150 billion dollars (133 billion euros) in 2021. That is nine times more compared to 2020 and is quite remarkable because the past year was characterized by container shortages and many delays in deliveries. The corona crisis has led...Read More
February 17, 2022.
Allyn’s proprietary Global Trade Management (GTM) solution, CIMS, is a robust platform that allows clients to maintain the highest levels of compliance while maintaining top operational efficiency. CIMS was developed in-house at Allyn specifically for the purposes of creating a best-in-class trade platform, with the goal of...Read More
February 11, 2022.
Massive truck protests over COVID-19 regulations that originated in Canada’s capital, Ottawa, on January 29 have sprawled away from urban centers and onto major thoroughfares, including those connecting trade routes between Canada and the United States. On February 10, 2022, the Ambassador Bridge between Detroit and Windsor was partially blocked, disrupting...Read More
January 18, 2022.
With an increasing number of orders requiring international fulfillment, companies are experiencing the effects of trade policy more than ever before. New tariffs, trade agreements, e-commerce regulations, and even sanctions have led to frequently changing trade requirements, which have caused confusion or delay in most cases. The...Read More
January 13, 2022.
Logistics Publications, Trade Publications
One effect of the coronavirus pandemic has been a massive growth in e-commerce– as more people were confined inside their domiciles due to lockdowns and other restrictions, they increasingly began to turn to the internet for their shopping needs. The impact of the pandemic on e-commerce is well documented...Read More