China is the largest source of imports (2018) for 9 of the 10 Southeast Asian economies and the largest or second largest export market (2018) for seven of the countries in the region, Indeed, as an economic bloc, Southeast Asia is China’s second largest overall trading partner, trailing the EU but ahead of the USA. However, the extent of impact on the manufacturing sector of each country (see below for analysis of the six major […]
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Archive for Global Trade
Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. Coronavirus, and the supply chain impact are being felt worldwide. As my colleague Steve Banker and I wrote about last week, coronavirus is leaving its mark on the global high tech supply chain as well as the automotive and pharmaceutical supply chains. Yesterday I read a blog from Logistyx […]
Read More →Now that the fireworks are over and New Year’s resolutions are set, it’s time to prepare for global shipping in 2020. And that means looking at ongoing trends and changing regulations. One thing’s for sure, freight forwarding never has a dull moment. Recapping 2019’s top global shipping disruptors Before we jump into expectations for this year, let’s set the stage by looking at some of the top events in 2019 that may have affected global […]
Read More →When you read business magazines, it is easy to get the impression that business executives are overwhelmingly opposed to increasing tariffs. When it comes to US manufacturing executives, that is not true. A majority of manufacturing executives believe that a global recession is likely in 2020 (61%) and that an extended trade war would likely lead to a global recession (70%). Despite this, more execs support tough trade policies than oppose them.
Read More →In early November, the Northeast Cargo Symposium had a series of presentations and panels focused on how trade disputes are affecting companies that source from abroad. One session was called “Alternatives to Trading with China.” The key conclusions were that diversification from sourcing with China was already occurring before the trade war began, that in certain industries the transition will be very difficult, and that trading with other nations presents challenges in figuring out just […]
Read More →Despite apparent recent progress in US/China trade talks, trade experts say not to read to much into these reports. The US/China trade relationship will never be what it was. There is blame on both sides, but US experts largely point at China’s unfair practices as being the largest impediment.
Read More →Historically, governments have focused on the exporter of record when looking for sanction or embargo violations, including of the movement of sensitive dual-use products and technologies across borders. However, all parties to an export transaction, including freight forwarders and carriers, are subject to the same rules, and as such must be aware of what is required of them in the transaction. The scope of their due diligence must include destination controls, export licenses and restricted […]
Read More →By the end of October 2019, with or without an agreement, Brexit will have a major impact on cross-border shipping. Businesses that haven’t already prepared should start by better understanding the specific nature and extent of the looming changes. By proactively addressing potential challenges to shipping operations brought on by Brexit, businesses can work to ensure a smooth transition, provide a seamless customer experience, proficiently manage delays and keep costs in line with expectations. Change […]
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Supply Chain Brief
Navigating the Challenges of Cross-Border Trade
U.S. companies that conduct significant volumes of cross-border manufacturing and trade with Mexico have had to contend with a variety of challenges since 2019, including tariff threats, the impact of COVID-19 on the supply chain and the subsequent challenges of restarting idled manufacturing, and the forthcoming implementation of the new United States-Mexico-Canada Agreement (USMCA).
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