Fine wines are vulnerable to counterfeiting or fraud, in large part due to their high value. A single bottle of French Bordeaux, from Chateau Le Pin, averages $3,000 and can be priced at up to $10,000 or more, making the trafficking of forgeries lucrative for counterfeiters. Photocopied labels, for example, can be attached to bottles of counterfeit wine, which can then end up being sold to consumers"”often at auctions, or at any weak link along the supply chain.
The cloud has come to voice, and virtually every other aspect of material-handling within the supply chain. Keith Phillips, president and chief executive officer of Voxware, relates the evolution of the ground-breaking technology.
The successful reverse logistics process that works domestically may not translate if you try to take it international. When you cross borders, especially international borders, there are a host of issues and risks, which you need to consider and mitigate.
Spot market freight volumes reported by the DAT North American Freight Index rose 2.2 percent in June, compared to May. The month-over-month increase fell slightly short of seasonal norms; while freight volume increased from May to June in eight of the past ten years, the average increase was 10 percent.
Accurate data on the millions of rules, regulations, tariffs and classifications that govern international trade is crucial to global trade management but not sufficient, says Anthony Hardenburgh, vice president of global trade content at Amber Road.
XPO Logistics Inc. has agreed to acquire all of the common stock of 3PD Inc., reportedly North America's largest non-asset, third-party provider of heavy goods, last-mile logistics, in a transaction valued at approximately $365m.
Although the overall freight forwarding market grew by 3.1 percent to $125.85bn in 2012, Transport Intelligence's report, Global Freight Forwarding 2013, suggests this figure is misleading as the positive growth was entirely attributed to the sea freight sector.