Shipping Container Shortage Shifts into a Surplus
December 19, 2022.
Logistics Publications, Trade Publications
Initially triggered by the global outbreak of the Covid-19 pandemic in 2019, the shipping container situation changed, and we saw an ongoing container shortage worldwide. The global lockdown brought significant restrictions on movement: factories were shut down and a higher consumer demand for goods evolved. A severe lack of seaport staff...
Read MoreCOP27 AND THE 2022 EDITION OF THE WTO’S WORLD TRADE REPORT: HOW CAN THE NEW AGREEMENT AFFECT TRADE?
December 13, 2022.
Trade Publications
What is COP27? The 2022 United Nations Climate Change Conference or Conference of the Parties of the UNFCCC was presented by its hosts as “A defining moment in the fight against climate change”. The Climate Summit aimed to discuss and build a path for climate actions. The Conference was...
Read MoreNew Export Controls Target China’s Semiconductor Industry
October 28, 2022.
Logistics Publications, Trade Publications
In an effort to restrict China’s ability to purchase and manufacture advanced computing chips, the Bureau of Industry and Security (BIS) issued an interim final rule implementing additional controls on advanced computing integrated circuits (ICs), computer commodities that contain such ICs, and certain semiconductor manufacturing items. Through...
Read MoreAustralian Brown Memorated Stink Bug Season.
October 12, 2022.
Logistics Publications, Trade Publications
(Annually, 1st September to 30th April) Australian Biosecurity has strict measures to protect its agricultural and wildlife industries. The Brown Marmorated Stink Bug (BMSB) is a hitchhiking insect currently not present in Australia. These hitchhiking insects are often found hiding inside machinery, equipment, and shipping containers during the colder months....
Read MoreExecutive Order on Advancing Biotechnology
October 12, 2022.
Logistics Publications, Trade Publications
On September 12, 2022, President Joe Biden adopted a policy to coordinate a “whole-of-government approach to advance biotechnology and biomanufacturing towards innovative solutions in health, climate change, energy, food security, agriculture, supply chain resilience, and national and economic security”. A secure supply chain for advancing technology is increasingly important as...
Read MoreNational Logistics Policy (India)
October 11, 2022.
Logistics Publications, Trade Publications
Honorable Prime Minister Narendra Modi, on 17th Sep 2022, launched the National Logistics Policy (NLP) that aims to promote not only the seamless movement of goods across the country but also improve the competitiveness of Indian goods in domestic as well as global markets. The policy will be implemented through...
Read MoreNew $90 Million Air Pollution Rules Are Now In Effect
October 10, 2022.
Logistics Publications, Trade Publications
In all things green, California is setting the standard and pace for other states to follow suit in the United States. California released the Clean Truck Fund, estimated to generate $90 million in new fees for trucks entering and leaving their ports. The funds expected from its first year will be...
Read MoreMerchandise Processing Fee (MPF) 2022 Update
October 04, 2022.
Logistics Publications, Trade Publications
US Customs and Border Protection (CBP) will be adjusting certain user fees on October 1, 2022. The minimum merchandise processing fee (MPF) will be increased to $29.66 from $27.75 and the maximum will be raised to $575.35 from $538.40. MPF is assessed by CPB for most imports into the US on an ad valorem basis, with...
Read MoreTrade of goods between Brazil and The United States
September 28, 2022.
Logistics Publications, Trade Publications
In its native language, BRASIL, is the largest economy in South America and the third largest economy of the Americas, and yes, indeed, it is a very important player when the subject is trade of goods. However, people tend to know very little about it (Yes, there is more to...
Read MoreStartup Businesses and Trade Compliance
September 23, 2022.
Logistics Publications, Trade Publications
New Startup Businesses should start looking into developing a trade compliance processes early on. A small business may not be a major concern for the government, but it is important to monitor and keep an eye on all imports and exports. Developing sound trade compliance processes early on can reduce...
Read MoreCTPAT: July 2022
August 24, 2022.
Logistics Publications, Trade Publications
In July 2022, CBP updated the Customs Trade Partnership Against Terrorism (CTPAT) Handbook to include considerations to combat Forced Labor. Applicants of the CTPAT program shall declare if they have strategies or programs in place to detect y eliminate forced labor within their supply chains. CBP has doubled down their efforts...
Read MoreAn Ongoing Shipping Container Shortage
August 18, 2022.
Logistics Publications, Trade Publications
Shipping containers have always been a significant shipping unit for global trade. Without them, carriers would be unable to move large volumes of cargo. Since the 1950s they belonged to the backbone of supply chains and represented faster and cheaper solutions for moving goods between overseas markets. With the...
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