Look at the Port of Long Beach. Recently, port officials drove the first golden pile into the water for their $1.2bn upgrade and expansion, hailing a modernization that will double the port's traffic when completed in 2019.
The project restores the California port as the biggest in the U.S., and competitively answers the Panama Canal's $5.25bn expansion.
Increased trade capacity makes that possible - and nothing turbocharges trade more than free trade treaties.
With the U.S.-Colombia free trade pact going into force, the U.S. stands to gain $1.1bn in new sales to Colombia, meaning plenty of demand for Long Beach. In anticipation, overall U.S. trade with Colombia increased 19 percent last year alone.
Read Full Article
Keywords: Amber Road, Global Trade Management, Technology, Legal, Govt. & Regulatory Issues, Business Strategy Alignment, Supply Chain Analysis & Consulting, Global Supply Chain Management, The United States, Latin America, Panama Canal expansion, Port of Long Beach expansion
Enjoy curated articles directly to your inbox.