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Commerce Secretary Wilbur Ross comments on shipments of export cargo and import cargo in international trade.
US COMMERCE SECRETARY WILBUR ROSS: “We are locked into a trading system with rules created for a different era,” he said.

Not All Trade Deficits Are The Same

There’s not much that US Secretary of Commerce Wilbur Ross likes about the current state of the global trading system. And US trade deficits are the things he likes least. Before the United States shale-oil revolution, the country ran a trade deficit in crude oil. This, US Secretary of Commerce Wilbur Ross dubs a “blameless” deficit. But the trade deficit the US … Read More

In The News

Cost To Retailers If US Exits NAFTA: $15.8 Billion Near-Term

AT Kearney Study Predicts New Tariffs, Reduced Spending, Lost Jobs Are Among Outcomes

The near-term cost to retailers of exiting the North American Free Trade Agreement (NAFTA) is estimated at $15.8 billion, according… Read More

A Hard Exit From the Iran Deal

Consequences of US Withdrawal From JCPOA and Re-imposition of Sanctions

In a sweeping action with immediate consequences for both US and non-US persons, President Trump announced the withdrawal of the US… Read More

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Expansions will allow ports to handle more shipments of export cargo and import cargo in international trade.
UP THEIR GAME: Bayonne Bridge had to be raised to keep mega ships coming to the Port of New York and New Jersey. (Credit: PANYNJ)
Steve Lowery 12:49 AM  4/12/2018

BIGGER REQUIRES BETTER

[Editor’s note: The May-June 2018 print version of this story mistakenly identified Gary LaGrange as the Port of New Orleans CEO. Actually, LaGrange resigned from that position in 2016 and currently serves as the Port Association of Louisiana president. Brandy D. Christian has been the Port of New Orleans president and CEO since January 2017. Global Trade regrets the error.] In transportation, everyone knows that bigger is always better; it’s why we have 18-wheelers and jumbo jets. So, it only stands to … Read More

Trump has imposed tariffs on Chinese shipments of export cargo and import cargo in international trade.
Steve Lowery 12:04 AM  4/11/2018

WHEN PIGS AND TARIFFS FLY

1 China’s announcement that it would be imposing a 25 percent additional tariff on exported American pork could not have come at a worse time for the American pork industry, coming as it does after the industry had just hit record levels in 2017, when U.S. pork exports recorded the largest year ever in volume, with sales to more than 100 countries around the world. 2 United States pork and pork variety meat exports totaled 5.399 billion pounds valued at $6.486 … Read More

Global Logistics

Software helps document damage to container shipments of export cargo and import cargo in international trade.
CONTAINER DAMAGE: It costs surrounding logistics companies an estimated at $1.8 billion dollars annually. (Image: TCompanies)

New PEIR App to be Demoed

GT Staff 12:14 AM  5/22/2018

TCompanies, developer of PEIR (Photographic Equipment Interchange Receipt), a new app that helps the transportation logistics and shipping industries better assign costs based on responsibility for damaged shipping containers and trailers, will make their first public demonstration of the product at the Transparency18 conference, May 22, 2018. “Costs surrounding damaged containers and trailers is a major problem for logistics companies which … Read More

Site Selection

Amazon's second headquarters will attract shipments of export cargo and import cargo in international trade.
AMAZON: Cities are vying for its $5 billion second headquarters and its expected 50,000 jobs.

What Rejected Cities Can Learn from Amazon’s Feedback

GT Staff 12:11 AM  5/21/2018

Cities across America have been vying for the privilege of hosting Amazon’s $5 billion second headquarters, which is expected to bring with it up to 50,000 high-paying jobs. Back in January the online retailer selected 20 finalists from a list of more than 200 cities that applied. And, as the Wall Street Journal reported, cities that didn’t make the short … Read More

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Investments will allow Thailand to handle more shipments of export cargo and import cargo in international trade.
U-TAPAO INTERNATIONAL AIRPORT: Airbus is considering investing in an aircraft maintenance center in that location in Thailand. (Image: Peter Buxbaum)

Thailand’s robust growth of a few years ago has since slowed. Its gross domestic product growth has trailed its regional neighbors in recent years, hitting a three- to four-percent stride since 2015, while Vietnam is growing at close to seven percent. The government has embarked on programs in an effort to turn that around. Thailand 4.0 envisions a new economic model … Read More

Education

Academic programs enhance skills in the management of shipments of export cargo and import cargo in international trade.
WRITING ON THE WALL: It’s proven that advanced degrees enrich logistics professionals in multiple ways.
Peter Buxbaum 12:31 AM  3/26/2018

SUCCESS SECRETS

Market demand for supply chain and logistics professionals is growing and so are salaries in the field. Studies show that businesses are filling 270,000 logistics jobs a year and that employment in the field will have increased 22 percent between 2012 and 2022. If you’ve got an undergraduate degree, earning a master’s may be the best bet to a higher salary. The Institute for Supply Management says a supply chain professional with a master’s degree earns 25 percent more than one … Read More

Education programs for executives in companies with shipments of export cargo and import cargo in international trade.
THE FIRST COHORT OF STUDENTS SURROUNDS SIR JAMES DYSON (Image: Dyson Institute of Engineering and Technology)
Todd Mathews 12:04 AM  9/28/2017

USD OFFERS M.B.A. WITH OPERATIONS AND SUPPLY CHAIN MANAGEMENT SPECIALIZATION

The University of South Dakota Beacom School of Business now offers an online Master of Business Administration (M.B.A.) with Operations and Supply Chain Management specialization. Enrollees “benefit from in-depth study of supply chain management, lean management, quality control and other topics relevant in today’s rapidly evolving global market,” according to Beacom School of Business officials. In addition to the core M.B.A. courses that prepare students for leadership in any business role, those on the Operations and Supply Chain Management tract can … Read More

Technology is important to managing shipments of export cargo and import cargo in international trade.
EDUCATION IS CRITICAL TO MANAGING GLOBAL SUPPLY CHAINS: Supply-chain managers must be encouraged to stay current with the latest global disruptions.
Michael Womack 1:40 AM  8/21/2017

The Modern Supply Chain: Education & Training

The modern supply chain is a complex weave of new technology and legacy systems all working toward the same goal, to keep products moving. New technology and the rapid rate of adoption is leaving many in the supply-chain industry wondering how they can keep up. Furthermore, as the industry continues to struggle with finding new talent to bolster its workforce, businesses are often left understaffed while managing a more complex supply network. With all these disruptions the industry faces today, an … Read More

Software