The retail sector has shown signs of resisting the impact of the coronavirus pandemic amid instability in the overall economy, a comprehensive Nov. 19 specialist. "Our economy has certainly improved considerably," said National Retail Federation Chief Economist Jack Kleinhenz during a panel discussion. "The turnaround was...
On Asian trade lanes, shipping lines slapped a raft of peak season and port congestion surcharges. Alphaliner said this week that SCFI spot prices for Chinese exports are expected to continue growing due to carriers' peak season surcharges on "numerous routes or significantly higher FAK rates...
As demand continues to rise in Asia-US, BCOs struggle to ship contracted cargo and increasingly turn to NVOCCs to sustain their broken supply chains. Carriers find bogus excuses to refuse to release equipment at depots in China, in addition to rolling containers without warning. "It's...
Rodolphe Saadé, chairman of CMA CGM, the world's fourth-largest container line, addressed the pressure liners coming down from Beijing amid the red-hot freight climate that causes supply chains to quiver....
Fifteen Asia-Pacific nations, including China, are striving to clinch the world's largest free trade agreement this weekend, the culmination of Beijing's decade-long search for greater economic integration with a region that comprises nearly one-third of the global GDP. The Regional Comprehensive Economic Partnership, which involves countries...
COVID-19 Updates The biggest current impact of COVID-19 is on space and container availability throughout the world. Due to reduced volumes, resulting from the fast-spreading Coronavirus and a corresponding collapse in demand throughout numerous key markets, the ocean carriers have reacted by pulling out capacity in...
We all know 2020 has been a challenging year. The pandemic has thrown a wrench into global commerce, but it has not threatened to close it down. Crazy conditions such as 'Shipageddon' and an unusual super peak occurring in the ocean are now, however, surfacing...
The pandemic has sent exchange into a spiral with numerous organizations attempting to foresee the rest of 2020 and coming up questionable. Be that as it may, seeing how the transportation business reacted during starting pandemic disturbance can assist pioneers with graphing a course for...
The year-end occasions have generally been a guard season for retailers when deals hit new highs. As of late, that pattern has been moving. Indeed, December 2019 saw retail deals tumble from November as Christmas shopping binges neglected to appear. Looking to 2020, the pandemic has...
With COVID-19 spreading rapidly changing lives and livelihoods, we want to know: what's next? How do factories operate again? And how do you know when your cargo moves? Usually, Chinese New Year (CNY) creates a temporary and manageable disturbance to global trade. Predictably, peak season precedes...
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