When operations were suspended indefinitely last month at China’s Meishan terminal in the Port of Ningbo-Zhoushan, industry analysts were quick to detect a complex dysfunctional trend.
Commerce reported that July retail sales—at $617.7 billion—were off 1.1% compared to June’s revised $624.7 billion and topped July 2020 by 15.8%. And it added that total retail sales from May through July saw a 20.6% annual increase.
The Consumer Brands Association recently released an operational standard for contactless freight pickup and delivery designed to empower companies to shift from an archaic paper-based delivery process to a digitized supply chain.
Recent vessel-tracking data from project44 reveals substantial year-over-year increases in vessel and shipment delay times across most major trade lanes connecting China to the rest of the global economy.
The bipartisan infrastructure package on the Senate floor represents a long-term commitment to infrastructure funding that will spur private investment and innovation, create jobs, and allow U.S. companies to remain competitive on a global stage, says RILA.
Matson’s move is seen as reaffirmation of increasing demand for a Northern California trade gateway. It’s expected to grow containerized cargo business in Oakland which is already on a record pace in 2021.
As supply chain managers prepare to sustain a long-term recovery, the third edition of Airport Operations Business Restart and Recovery has been retitled to Airport Operations and COVID-19: Business Recovery.
Running out of cash is the main reason why micro and small enterprises (MSEs) face bankruptcy. Limited cash reserves also interfere with the companies’ profitability and growth potential.
While there’s no shortage of demand from consumers, there continues to be shortages of labor, equipment and shipping capacity to meet their expectations. Supply chain disruptions, port congestion and rising shipping costs could continue to be challenges through the end of…
The annual CIPS/Hays North America Salary Survey Report found procurement professionals earned an average raise of 4.6% last year, while the national average for pay increases was only 3.3%.
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