Archive for Global Trade

US Production Execs Support Increased Tariffs Despite the Risks of Recession

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 →

Editor’s Choice: Brexit Status

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. As the EU puts pressure on the UK Government to put proposals for a new deal in writing within the next two weeks and the Commons leader reported as saying that the Prime Minister was on course to deliver a “fundamentally different” Brexit deal to ensure the UK leaves […]

Read More →

All is Not Quiet on the Western Front: Trade is Happening

China is currently the EU’s second most significant source of imports, and trade volumes are positioned for growth. Italy and China recently signed an agreement to further solidify the Belt and Road Initiative, alarming Italy’s US and European allies. This is only the first of many such concords President Xi hopes to execute for ongoing support to the multi-national plan to provide fast and efficient transportation options from inland China to Western Europe that is further affirmation of its commitment to open trade. Europe will benefit from greater trade access, but companies will also need help managing the maze of complexities that exist in importing from or exporting to China. That help includes tools that determine landed costs, logistics efficiencies and managing duty reduction programs like China’s General and Processing Trade programs.

Read More →

Global Trade Compliance Software Gets Its Day!

Today is the day of global trade compliance software. It’s not every day that trade compliance is top of mind. ARC Advisory Group’s Global Trade Compliance Systems (GTC) market research shows that the breadth of high-profile tariff changes has catapulted trade compliance ot the top of supply chain concerns and consideration.

Read More →

Looking Ahead at Global Trade in 2019

Protectionist trade policies are leading to shifts in country sourcing practices and investments in automation and technology to help keep goods moving and visible. And there is no reason to believe that in the coming twelve months we will see a waning of geo-political posturing along the trade front. As we move into 2019, there are six major areas of concern for anyone playing a part in global trade. 

Read More →

Supply Chain Trends to Watch in 2019

ARC Advisory Group 2019 supply chain trends of the year include: Global Trade and Tariffs; Logistics Labor Shortages and Automation; The “Digital Supply Chain” as the Logistics Technology Concept of the Year; expansion of Machine Learning and AI Enhancements. With taxes and duties accounting for a substantial portion of cost of goods sold, it is likely that companies will be reevaluating the impact on their global supply chains. Meanwhile, the “digital supply chain” is a conceptual umbrella term that will continue to be used to identify supply chain software, communications, and automation efforts that meet certain digital criteria.

Read More →

How Importers Can Prepare for Uncertainty in Global Trade

Tariffs and duties and data – oh my. The need for digitization grows as importers struggle to mitigate the impact of shifting trade policy, demand fluctuations, compliance risks, and duty exposure. In an uncertain international trade environment, “trade war” has become a buzzword sending importers into a frenzy on how to prepare their supply chains for the unknown and mitigate risk to their forecast. Proposed tariffs, retaliatory trade restrictions, or even temporary reductions on tariffs […]

Read More →

Let’s Talk Import Tariffs, Expectations, and Empirical Evidence

Import tariffs and potential trade wars have been a hot topic in the media since Trump was elected President. My colleagues and I have written about the topic a number of times on Logistics Viewpoints, as well. However, much of the news propagates recent announcements and often includes an opinion on the subject matter. I thought it would be helpful to take an empirical look at import data surrounding tariff announcements and implementations to determine […]

Read More →

Trade Tariffs and Trump (Again)

Last week President Trump announced that the US will impose tariffs of 25 percent on imported steel and 10 percent on imported aluminum. Last year I disclosed in a Logistics Viewpoints article that I see the Trump administration’s trade proposals as posturing and rhetoric to set up future negotiations to leverage the US’s economic clout in an effort to extract trade benefits on the margin. I did not see a trade war resulting at that […]

Read More →

Beating Mother Nature’s Stormy Character

Although it’s a fresh, new year, many global companies and their supply chains in the US have been suffering alongside individuals this winter. Icy, wintry winds and driving snow jammed air traffic and roads in the east, while fires swept across the west, then rains turned major highways into muddy messes with flash floods. All throughout 2017, Mother Nature didn’t pause to worry about the delays and problems she created for shippers all over the […]

Read More →