The global health and beauty industry has grown exponentially in recent years. Online sales have accounted for a significant portion of this growth. In 2020, the industry’s value was estimated at $380 billion, and according to a report by Allied Market Research, the global cosmetics industry is forecasted to reach $463.5 billion by 2027. It’s essential to understand the regulations and best practices for shipping … Read More
Automotive Supply Chain – Disruptions and Outlook
The disruptions in supplies of key raw materials and components over the last three years have been driven by a range of factors, including the COVID-19 pandemic, natural disasters, geopolitical tensions, and shifts in consumer demand. In the case of the automotive industry, one key driver of the recent shortages has been the cancellation of orders for microprocessors in response to a slump in auto … Read More
Inland Container Congestion in Chicago and Dallas
Inland congestion is causing a major supply chain disruption among the nation’s busiest ports due to a severe chassis shortage, causing an influx of containers to pile up in Chicago, Dallas, Memphis and Kansas City. This is an ongoing issue, which has only been exacerbated due to an influx of inventory overflowing already full warehouses. As a result, Union Pacific Railroad (UP) has been stacking … Read More
New Potential Rail Strike Looming Before the Holidays
A new potential rail strike is in the works after the largest rail union in the U.S. rejected its labor contract as of Monday, November 21st, over concerns about schedules and lack of paid sick time. Fear is setting in on what this means for potential shutdowns and the timelines, as this marks the fourth union to date to have failed to approve contracts. SMART-TD, … Read More
New Baltimore container terminal under development
Listen to this article: GLC INC. · New Baltimore Container Terminal Under Development The Port of Baltimore is located in Maryland’s Chesapeake Bay, and is considered the deepest harbor in the area. This port, closer to the Midwest than all other East Coast ports, was ranked first in the nation in 2020 for handling automobiles, light trucks, farm, and construction machinery, and lastly imported gypsum. … Read More
Port of Miami Expansion Projects Underway
Listen the article here: GLC INC. · Port Of Miami Expansion Projects Underway The Port of Miami, located in Florida, is geographically placed between North and South America, making it a “cargo gateway” for trade in the Americas. It is a powerhouse for east coast transportation because it is increasingly stable for trade from Europe, Asia, and Africa. Recently, the Port of Miami released its … Read More
Latest Imposed GRI for FedEx marks history
Thursday, September 22nd FedEx Corp announced a 6.9% general rate increase (GRI) to be imposed starting 2023. This GRI marks the largest percentage of increase year-over-year in the company’s history. All services will be affected by the GRI, except for the LTL, or less-than-truckload service, FedEx Freight, which could fluctuate between 6.9% and 7.9%, according to the customer’s scale. On average, FedEx’s annual tariff rates … Read More
In the Midst of Chaos: United Airlines Emerging Stronger
In the midst of the chaos of COVID-19, and all the shutdowns and supply chain woes, United Airlines made a stellar performance in the first quarter of 2022. CEO Scott Kirby reported on his LinkedIn“ United is exiting the tunnel”, after 2 years of cutbacks and losses stemming from the pandemic. It is reported that Sales from the United improved 119%, from pre-pandemic levels, 26% … Read More
“The Great Resignation” and Its Impacts on Supply Chain
By: Grace Cronin What is the Great Resignation? A term recently coined to describe the phenomenon of large groups of people, mainly in the U.S., quitting their jobs during the COVID-19 pandemic. Unfortunately, the supply chain industry is not immune from this phenomenon, and many fear it only adds to the current Supply Chain Crisis.
Shipper-Owned Containers, What Are They?
Ocean containers are everywhere and are a key role in shipping freight, and in the Global Supply Chain as a whole. As a freight forwarder or any person in the logistics field, understanding the differences between Shipper-Owned Containers (SOCs) and Carrier-owned containers (COCs) can help expand your logistics knowledge.
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