Logistics Publications

How Australia’s Wildfires Are Affecting Business

Posted on January 13, 2020. Category: Logistics Publications

A major part of operating a business is having contingency plans in place so that it can remain operational in the event of emergencies. Some factors that could affect this plan are within the realm of human control, both internal and external, while others are out of our control and cannot be foreseen. This happens to be the case with the wildfires taking place in Australia.It is extremely difficult to plan for wildfires like you would for expected extreme weather conditions. Typically, there are preparations made in advance for events such as blizzards in northern regions of the world...

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Changes in the ELD Era

Posted on December 17, 2019. Category: Logistics Publications

In December 2017, the U.S. trucking industry was faced with a tough transition. Truck drivers were required to replace their existing paper logs with electronic logs under the new Electronic Logging Device (ELD) rule established by the Federal Motor Carrier Safety Administration (FMCSA). The goal of the ruling was to improve road safety and minimize road accidents. The final phase of the ELD mandate was set to go into effect on December 16th, 2019, which will require motor carriers to switch their old automatic onboard recording devices (AOBRDs) to ones that will meet the ELD certification standards set by the FMCSA. ...

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The Ailing Shipping Industry: Container Fire Incident

Posted on December 17, 2019. Category: Logistics Publications

Container ship's fire incidents have been frequently covered in the news over the course of 2019. In order to decrease the number of incidents, the supply chain industry has established the Cargo Incident Notification System (CINS) in 2011 with approximately 17 shipowners. The most recent major cases fire incidents have occurred on Herbert, Maersk, and MSC container ships. According to a report by TT Club, container ship fire incidents occur every 60 days or so, highlighting a serious problem that has puzzled the industry – improper stowage/cargo declaration.  The National Cargo Bureau (NCB), a non-profit organization, has been assisting shipowners since...

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Maersk Line Changes for 2020

Posted on December 16, 2019. Category: Logistics Publications

Maersk Line, one of the largest container shipping companies in the world, has announced they will stop buying vessels (for now) and plan on expanding their scope to inland services (warehouses/customs house clearing services) as part of their long-term growth. They are already three years into this venture and have invested close to $1 billion, with plans to invest on even more in the future. Since they started, inland sales are still only a small portion compared to the profit from their ocean services.  Maersk’s goal will be to have their inland (non-ocean services) profit to be...

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The Future is 5G

Posted on December 12, 2019. Category: Logistics Publications

As major telecom equipment manufacturers begin the next phase of 5G cellular network testing, companies need to be aware of the new technology’s effects on logistical and procurement work environments.5G is a new telecommunication standard that takes advantage of newly allocated wireless frequencies - providing much higher speeds and larger user capacity. The main benefit for the logistics sector is that companies will be able to deploy more tracking devices for improved visibility into the supply chain. IoT devices, scanners, and small communication chips can now all use cellular connectivity more liberally without significant degradation of network...

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Airfreight - A Key Indicator of Economic Activity

Posted on December 11, 2019. Category: Logistics Publications

Economic activity and airfreight development are closely intertwined. Logistics executives closely follow the development of airfreight trends to manage and plan supply chain strategies, as do economists and market analysts - because airfreight trends are a key indicator of economic activity overall.By researching the global airfreight trends, we can conclude that airfreight has been declining year over year in both volume and demand levels in 2019. The majority of international airlines reported declines in cargo traffic in October 2019 and the overall 2019 year to date.After a period of noticeable growth in 2017, and moderate growth in 2018; the 2019...

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Simply SIMI – Importing in Argentina

Posted on December 10, 2019. Category: Logistics Publications

For those with experience exporting goods to Argentina, you may know all too well how challenging customs clearance can be with the required prior approval by the Administración Federal de Ingresos Públicos (Argentine Tax and Customs Authority). Fortunately, a new system, SIMI, has been developed to simplify the process.The Comprehensive Import Monitoring System, SIMI (Sistema Integral de Monitoreo de Importaciones), is a tool built to monitor imports in Argentina. Through this system, import licenses are processed electronically, in advance, and free of charge. The declarations made are valid for 180 calendar days from the date of...

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Simplifying Incoterms 2020

Posted on December 10, 2019. Category: Logistics Publications, Trade Publications

International commercial terms (incoterms), are the guidelines for global trade around the world. To provide clarity in the contractual flow, we must understand the incoterms that are being used in the contract between the buyer and the seller for each transaction. Correctly understood incoterms ensure a smoother and effective process. The most recent edition was presented by the International Chamber of Commerce, Incoterms 2020. This is the ninth version of incoterms since they were first introduced in 1936. One major change is Delivered At Place (DAP, 2010) was renamed Delivered at Place Unloaded (DPU, 2020). DAP was renamed to DPU to make it distinctly...

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Last Mile Deliveries

Posted on December 06, 2019. Category: Logistics Publications

In this era of online shopping, consumers are wanting their deliveries faster and faster. Companies that are selling goods directly to individual consumers simply cannot be competitive unless they can deliver said goods in a timely fashion. Companies like FedEx, UPS, and now Amazon can ship almost anywhere in the US overnight.Last Mile Delivery by definition is the final leg of a shipment (from destination airport/warehouse to final destination, which is usually a personal residence.) This has become a key part in the transportation of goods, but is also the most expensive to the seller. There are several...

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Latest Tariff News

Posted on December 05, 2019. Category: Logistics Publications, Trade Publications

On Monday December 2, President Trump advised that his administration is considering tariffs as high as 100% on French goods in retaliation for a new Tax on digital services, greatly impacting U.S technology companies. The office of the U.S. Trade Representative deemed the tax discriminatory against U.S. companies. The estimated value of imported goods impacted could be up to $2.4 Billion U.S. and includes cheese, beauty products, handbags and certain wines.Trump also advised new tariffs on steel (25%) and aluminum (10%) from Brazil and Argentina, in retaliation for what he claims is currency devaluation on their part. These tariffs will...

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