CTSI-Global’s Post

This move aims to boost cost competitiveness in both domestic and international markets, according to three officials on Wednesday. To Read More: https://lnkd.in/dx2CuQim #shipping #supplychain #logistics #warehouse #manufacturing #customs #govermentplans #stakeholders

🚛 Demystifying the #Customs_Clearance_Process: A Comprehensive Guide! Navigating #customs_clearance can be complex. Our latest blog post provides a step-by-step guide to help you navigate the process with ease. Explore now: https://lnkd.in/eFR7-22N #InternationalTrade #Logistics

92% of U.S.-headquartered companies consider the creation of dedicated inter-Americas supply chains to be important to their organization’s strategic planning. If you're among them, look for carriers that know customs like we do. More at: https://lnkd.in/gF9-QAhE. #Carrier #Customs #SupplyChain #Shipping #Nearshoring

Join #EvergloryLogistics as we anticipate market stability in 2024. Our latest blog touches on our strategies that aim to simplify customs, maximize container use, and cut #shipping costs. Learn more by visiting our website today. #FreightForwarding #SupplyChain #Logistics

Our Simply Logistics blog titled "Trading Smart: The Role of Bonded Warehouses in International Trade" describes how bonded warehouses play a role in global trade and the strategic advantages these facilities offer. Click the link to read more! https://lnkd.in/e6YGtcJc

The August edition of the ITS Logistics US Port/Rail Ramp Freight Index, which was recently issued by Reno, Nev.-based ITS Logistics, a 3PL focused on drayage and intermodal services, highlighted various headwinds impacting ocean shipping, at the moment, while keeping an eye on things that shippers need to be monitoring as well. The ITS Logistics US Port/Rail Ramp Freight Index forecasts port container and dray operations for the Pacific, Atlantic, and Gulf regions. Ocean and domestic container rail ramp operations are also highlighted in the index for both the West Inland and East Inland regions.  This report highlights up-to-date port conditions, potential headwinds, and insights that can help industry stakeholders make informed drayage and intermodal decisions in the coming months. The full report is comprised of updated marine terminal conditions across the Pacific, Atlantic, and Gulf regions and the West and East inland regions of the United States, looking at factors such as vessel congestion, terminal operations, chassis availability, container storage, transload availability, outbound capacity, ramp congestion, and ramp operations, according to ITS Logistics. Among the issues highlighted by ITS included: ·        significant bottlenecks are continuing to occur in Asia for U.S. imports, especially in Southeast Asia; ·        for transpacific trade lanes being shipped to North America, the lack of vessel space and container availability continues to increase spot rates by almost 10 times from earlier this year; and ·        the recent closure of Ningbo Beilun’s Phase III Terminal due to an explosion on August 9th is also expected to have a significant impact on the main transpacific trade lanes out of Asia as well as the overall supply chain globally “This lack of vessel space and container availability is creating the potential for a significant wave of container traffic on the back end of Q3 and early Q4, as more capacity is deployed and rates lower within a range to keep shippers profitable,” said Paul Brashier, Vice President of Global Supply Chain for ITS Logistics, in a statement. “There is also anecdotal evidence that some shippers are concerned about potential tariff increases due to the potential of a second Trump presidency.” The report cited a Bloomberg with former President Trump, in which Trump said that should he return to the White House, he would propose a 10% tariff on all imported goods and also a 60% tax on all goods coming from China, with the latter representing roughly 15% of total 2023 U.S. imports. When asked about the biggest concerns related to potential tariff increases for shippers and things they can take to mitigate the impact, Brashier explained that shippers and industry stakeholders should remember the effects of tariff increases in late 2018.  “Up until the pandemic, this was easily the most difficult time in global supply chain in decades,” he said. “Almost simultaneously in the fourth quarter 2018.

USMCA shock is coming! North American logistics is undergoing major changes, and cross-border transportation is about to face new challenges! Logistics costs are rising, wages are rising, and cross-border transportation demand is exploding! The automotive industry supply chain is reorganized, and 75% of parts must come from North America! How do logistics companies respond to strict environmental standards? Wondering how to break out under the new agreement? Learn about the profound impact of USMCA on logistics now! https://buff.ly/408u9CQ #USMCA #supplychain #cross-bordertransportation

Recently, the global logistics environment has become increasingly volatile and complex, leading to a significant rise in international shipping costs even during the traditional off-season. This presents unprecedented challenges for supply chain management in various industries. As a leading manufacturer of eco-friendly paper bags, we are closely monitoring these trends and proactively adjusting our operational strategies to ensure our customers continue to receive stable, high-quality product supplies. Four Key Reasons for the Increase in Shipping Costs Through thorough analysis, we have identified four primary factors driving the current increase in shipping costs: Detours Around Africa Due to the Red Sea Crisis The ongoing Houthi attacks on vessels in the Red Sea have forced shipping companies to reroute around Africa's Cape of Good Hope. This significantly extends voyage times, increasing fuel consumption and operational costs, while also causing severe congestion on these alternative routes. Tariffs on Chinese Electric Vehicles in South America Brazil and Mexico's plans to impose additional tariffs on Chinese electric vehicles starting in July have led many automakers to preemptively ship large volumes of vehicles to these regions. This surge in shipments has monopolized shipping resources, leading to a shortage of vessels for other cargo and exacerbating congestion at destination ports. Uncertainty Ahead of the US Election With the US election approaching, there is widespread speculation about future tariffs on Chinese goods. Many importers are stockpiling goods in anticipation of potential trade barriers, causing an early peak season for shipping demand and further driving up costs. Price Increases by Major Shipping Companies Major shipping companies are collectively raising prices, implementing General Rate Increases and surcharges to manage the increased demand and operational challenges. This has led to heightened competition for container availability, forcing exporters to rethink their logistics strategies. Our Response Strategies To ensure our clients can continue to operate smoothly despite these challenges, we have implemented the following measures: Optimizing Supply Chain Management We have forged strong partnerships with multiple leading logistics providers, ensuring high flexibility in transportation and effectively mitigating delays and additional costs. Proactive Planning and Communication By maintaining close communication with our clients, we can anticipate their needs and plan production and shipments accordingly, minimizing the impact of rising shipping costs. Despite the current complexities in the global logistics environment, we remain steadfast in our commitment to providing high-quality, sustainable paper bag products to our global customers.

I had the most enlightening conversation with an attendee at the ICPA Canada conference. She had worked as a customs broker for 20 years, and was now in-house at a major retailer in Canada. Without any prodding or poking, she volunteered that customs brokers (and LSPs more generally) have no idea what importers (their customers) really need to improve their lives. In fact, she was actually a little sheepish, because when she was working as a broker, she thought she knew what was needed. Now that she is working for the Importer, she realizes she didn't understand what dimensions really mattered. I discovered this a long time ago. The disconnect stems from the fact that there are many similarities between both parties in what needs to be done, and so the differences are often overlooked and ignored. But the obligations/responsibilities that the customs authorities (CBSA in Canada; CBP in the US) place on the importers versus those they place on the customs broker are dramatically different. While a customs broker advises their clients on import requirements, an Importer has an obligation to ensure this is being done. While a customs broker can assist in the classification of products, the Importer has an obligation to ensure it is done correctly and appropriately. While a customs broker can assist in valuation for imports, the Importer is obligated to ensure it is done correctly according to the right process. A customs broker has a set of consequences for their mistakes. But Importers can be significantly penalized for making mistakes, including losing their ability to import. An Importer cares about how important the goods are in one shipment versus another. The customs broker is mostly indifferent. The list goes on...but these differences create different risks within each organization. And the Importer has a duty to minimize their risk and/or accommodate their obligations. While brokers might want to minimize their own risks and accommodate their own obligations, both the risks and obligations are different...which will result in managing their businesses in different ways. My point here isn't to suggest that one business is harder than another. Simply, that my experience while traveling this international trade world is that most brokers are not sensitive to this fact. Brokers that are sensitive to these differences are probably better at their jobs, and certainly better for the Importer. And this is likely a recipe for success. === Want to book a consultation with me? https://lnkd.in/gQzeiya8 Want to submit a question for me to write about? https://lnkd.in/gRHRAxZe

The evolving #USMexicotrade landscape presents both challenges and opportunities. Zarach provides the insights and tools to help you capitalize on these dynamics. Contact us to transform your #crossborder operations. #USMexicoTrade #EdwardJZarachandAssociates #logistics #supplychain