Sea freight to be hammered by US tariffs on almost $200bn of goods
Up to 60% of China-US containerised sea freight tonnage faces higher tariffs from September 24, as the US imposes 10% tariffs on almost $200bn of goods.
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Up to 60% of China-US containerised sea freight tonnage faces higher tariffs from September 24, as the US imposes 10% tariffs on almost $200bn of goods.
It appears that the US-Mexico trade deal should encourage greater cross-border e-commerce, but could also cause North American manufacturers to re-evaluate their production and sourcing strategies.
Agility has reported double-digit revenue and earnings growth in Q2, primarily on the back of strong forwarding volume growth.
The EU has signed up to its biggest ever bilateral free trade agreement.
SMEs account for around 30% of extra-EU trade, while the top five exporters in emerging markets typically account for one-third of trade.
Alibaba’s and China’s leading B2C e-commerce marketplace, Tmall, has reported GMV growth of 45% for the year ended March 31, 2018.
In Ryder’s first quarter earnings call, CEO Robert Sanchez stated that Ryder’s e-commerce logistics revenues now amounted to over $300m on an annualised basis. This suggests the company is now one of the leading e-fulfilment logistics players globally.
Survey data published in Ti’s latest report, Global e-commerce Logistics 2018, suggests that e-commerce logistics providers will not only benefit from the rapid growth of online retail, they will also prosper thanks to retailers outsourcing more logistics functions.
Supply chain executives expect to see stronger emerging markets growth in 2018. Nearly two-thirds (65.1%) say the IMF’s 4.8% emerging markets growth forecast is “about right.”
The development and improvement of electronic customs platforms yields substantial time and cost savings for shippers
It seems appropriate to characterise 2016 as a pretty poor year, 2017 as a very good year, whilst 2018 looks to be somewhere in between.
If NAFTA renegotiations fail, Mexico will clearly suffer, but even with a new agreement, changes to rules of origin could easily disrupt supply chains.