Wal-Mart's annual meeting next month promises to be a contentious one because of questions over how the retail giant handled bribery allegations at a Mexico subsidiary. Shareholders are concerned about the board members' independence in light of the alleged cover-up of bribery that occurred in 2005 and 2006.
The decision by the U.S. and the European Union to recognize each other's trusted shippers is expected to save those companies money through speedier customs authorization.
The number of "active, for-hire carriers" registered with the U.S. Department of Transportation (DOT) is 166,810, an increase of 8 percent, or 11,570 since February 2011, according to the State of the DOT report released by QualifiedCarriers.
In the last year the headlines have been full of news about global supply chains and the disasters affecting them. From the Thai floods to the Japanese tsunami, to the tornadoes in Wichita and the Nylon-12 plant explosion in Germany, several fundamental truths about global supply chains have been made more apparent.
President Obama issued May 1 an executive order that aims to foster international trade by promoting greater cooperation with other countries on the development and implementation of regulations that affect global commerce. The order notes that foreign regulatory approaches may differ from those taken by U.S. agencies and that in some cases the differences might be unnecessary and impair the ability of U.S. businesses to export and compete internationally.
What began as a trickle of stories about challenges to China's supposed economic dominance has become a steady flow. It began with revelations of working conditions at Chinese factories. Soon we were reading about rising wages in the industrial sector - great for Chinese workers, but sure to make the country a less attractive source of cheap manufacturing for the West. Then there was the recent slowdown in China's foreign direct investment, along with the nation's struggle to create an economy that's geared more toward domestic consumption in the service of a growing middle class. Meanwhile, serious questions persist about the stability of China's banking system. And just last week, we learned that China's trade surplus with the U.S. is rapidly shrinking, as the country wrestles with the consequences of a stronger yuan.