On October 11, 2019, president Trump announced the cancellation of the October 15 tariff hike, providing a considerable relief on tariffs applied to Chinese imports. That hike would have taken Section 301 additional tariffs of 25 percent to 30 percent on Lists 1, 2 and 3, about $250 billion worth of imports. This announcement comes […]
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Entries by aglmain
Forbes – An earthquake damages your manufacturing facility, a strike at a port has delayed shipments to your store or political uncertainty has left your planning and forecasting in chaos. Today’s supply chains are complex global networks that face a growing host of risks, including natural disasters, labor unrest, transportation delays, political uncertainty and cyberattacks. […]
The International Longshore and Warehouse Union (ILWU) will observe a special stop work meeting for union business on Thursday, Oct. 3, 2019, starting at 5 p.m. Consequently, no marine terminal gates at the Ports of Los Angeles and Long Beach will be operating between 5:00 p.m. October 3rd through 3:00 a.m. October 4th.
Port Calls Asia – Most shippers are not making the most of the growing number of technology tools at their disposal in optimizing operations, according to the results of a survey by American Global Logistics (AGL). AGL, a customized logistics solutions provider, said that while technology is driving tremendous change for supply chains and making […]
Technology is driving tremendous change for supply chains across the spectrum. From gaining visibility into purchase orders to connecting end-to-end processes, shippers have a growing number of tools at their disposal to optimize operations. But are they making the most of them? In a recent customer survey, AGL uncovered several key technology trends that are […]
The International Chamber of Commerce (ICC) has officially released Incoterms 2020. The updated Incoterms will take effect January 1, 2020 and will replace the current Incoterms (Incoterms 2010). The ICC has published the Incoterms for purchase on their website. Per the ICC, some of the major changes from the current Incoterms are as follows: Incoterms® […]
President Trump announced yesterday that he will delay the increase in tariffs on $250 billion worth of goods from October 1 to October 15 as a “gesture of good will” to China. Trump stated that the move was “at the request of the Vice Premier of China, Liu He.” Liu He will be in Washington […]
Supply Chain Dive – The Sept. 11 terrorist strikes were a wake-up call to the government that our borders weren’t secure. Suddenly, every plane, ship and container became suspect. Back then, vessels carrying freight would arrive at U.S. ports uninspected, and containers’ contents were often unknown to Customs and Border Protection (CBP). Then, the looming […]
U.S. Trade Representative (USTR) has advised that the additional ten percent tariff on List 4 section 301 products announced earlier in the year has been increased to fifteen percent. The products covered by Annex A (List 4A) will be subject to the 15 percent tariff beginning September 1, 2019 whereas the products covered in Annex […]
The Loadstar – As the 2019 peak season heats up, plenty of shippers are rightfully concerned about a repeat of last year’s turbulent ocean freight season. While tariffs continue to impact shipping volumes and freight prices, emerging issues like the impending fuel sulphur cap could complicate matters even further. The bottom line? Businesses need to […]