Renewables are expected to account for 90% of new power generation globally through 2022. But the world’s demand for clean energy is running up against some hard realities in the global supply chain and one of the most erratic transportation markets in history. Here are the five key project logistics challenges we’re seeing in renewable [...]
While the global logistics industry has not been a stranger to disruption this past year, the congestion at the Port of Yantian in China, is starting to impact the market at an exceptionally high level – At the current pace, it’s going to be even more disruptive than the Suez Canal blockage this spring and [...]
It was recently reported that U.S. Customs and Border Protection (CBP) at the ports of LA and Long Beach has “well over 100 shipments on hold pending determination of admissibility“ due to suspicion of forced labor. Despite being enforced since 1930, compliance with forced labor laws and regulations are still an ongoing problem.
The Ever Given vessel is floating, but the ship is not out of hot water. In fact, Egyptian authorities said it will remain in the Suez Canal until they are compensated by the vessel owners for the damage, labor, and disruption caused. Although the cargo on the Ever Given is still at a standstill, other [...]
A new era of air transportation trends is emerging to create a confusing outlook for shippers. Air freight has been in nonstop peak-season mode despite pandemic-induced capacity decline, while other disruptions, such as the Suez Canal blockage, drove even more demand to air. This is all happening while the Transportation Security Administration is reporting a [...]
Maritime insurance executives estimate that 3,000 containers have been lost at sea over the past few months alone. Compared to the 1,382 containers on average lost per year between 2008-2019 as reported by The World Shipping Council, that’s a big jump. What’s the reason for it? As you may have expected, there’s not a simple, [...]
Global transportation—like many industries—has faced unparalleled disruptions over the past year. Now, as we head into 2021, there are new and different challenges added to the mix.
Since my previous blog, and after months of negotiations, the United Kingdom (UK) and the European Union (EU) reached a deal on December 24, 2020. Both parties avoided the disruptive outcomes of a no-deal, and signed a provisional EU-UK Trade and Cooperation Agreement (TCA) that will define their relations going forward.
It’s safe to say that 2020 will not be a year easily forgotten. This past year has been full of adjustment. Around the globe, our personal and work lives were upended with very little warning. As the pandemic spread, spending time with friends and family, water cooler conversations with co-workers, and even dependence on a [...]
If there’s anything consistent about trade regulations, it’s that you must stay up to date on any changes that might affect your organization. Understanding the basics of trade compliance can make it easier to keep up with updates, changes, and additions to trade laws.