On October 13, 2020 the World Trade Organization (WTO) reached a final decision, through arbitration, authorizing the European Union (EU) to take countermeasures against the United States for the trade impact of tax breaks provided to Boeing at a valuation of $3,993,212,564 USD annually. 15 YEAR BATTLE The fight between [...]
As people spend more time at home, food distributors are finding themselves racing to meet the growing demand for cold storage. Before 2020 consumer food spending evenly balanced between foodservice and grocery, now, an overwhelming shift to grocery and direct-to-consumer services is driving a growing boom for refrigerated warehousing and [...]
In times of globalization, goods get shipped from all over the world. Every link of supply chain gets validated and tested: placing a purchase order, manufacturing, shipping, and receiving at the final destination. It is understandable though, that despite numerous quality controls put in place, things [...]
Businesses started collecting data years ago during the technology boom, but as the use of data systems became more prominent, the number of technologies used to manage also multiplied. Now, most supply chains, typically using three or four legacy platforms, need options to manage more data [...]
Many shippers are looking for ways to get more out of their supply chain and improve the bottom line. One, often underrated, program that can assist with significant savings is duty drawback. WHAT IS DUTY DRAWBACK? Established by the U.S. Continental Congress over two centuries ago, [...]
There are approximately 14,000 active Licensed Customs Brokers in the United States - but what exactly, do they actually do? Licensed Customs Brokers (LCB), also known as Licensed Customhouse Brokers (LCHB), are individuals, corporations, partnerships, or associations authorized by the U.S. Federal government to [...]
Starting July 1, 2020, the United States, Canada, and Mexico will no longer be partners in the North American Free Trade Agreement (NAFTA). Instead, the three neighboring countries will begin implementation of a new program incepted back in 2018, the U.S.-Mexico-Canada Agreement (USMCA). The North American Free Trade Agreement (NAFTA) [...]
On May 29, 2020, the United States President, Donald Trump, announced a significant change to international trade policy in response to China’s controversial new security law. The U.S. believes China’s recent actions to be a “plain violation of Beijing’s treaty obligations with the United Kingdom in the Declaration of 1984 [...]
Last week, the Congressional Research Service published the COVID-19: China Medical Supply Chains and Broader Trade Issues Report in order “to assess current developments and identify immediate and longer range China trade issues for Congress.” Specifically, the report focuses on initial shortages of medical supplies, such as pharmaceuticals and personal [...]
what is sustainability? Depending on a company’s corporate vision, mission and goals, the way sustainability is defined can vary drastically from one business to the next. Responsible organizations that engage in sustainable practices are challenged to develop business strategies that cover human rights, labor, anti-corruption, and the hottest topic for [...]
