Over the course of the history of maritime transportation, the free market has consistently urged service providers to reduce the cost of transporting freight.
Antwerp, Rotterdam and Dusseldorf are the best logistics hubs in Europe, according to a report from Colliers International, global real estate advisers. Kiev, Istanbul and Bratislava were the top three ideal locations for cost-driven manufacturing activities, according to the report entitled Logistics Cities.
As another "extremely active" hurricane season kicks off the U.S. national ports system is better able to cope with weather-related disruptions thanks to an online application called Port Mapper.
Some of the largest U.S. and U.K. retailers are slow to adapt their store operations to changing consumer buying habits, according to a study by SD Retail Consulting, a retail advisory firm and unit of Hilco Trading, LLC. Surprisingly, the study found that 80 percent of retailers surveyed are not effectively training their in-store staff to accommodate the complex needs of the new multichannel shopper.
The study surveyed Retail Operations Leaders from 35 leading retailers including Department Store, Specialty Retail, Big Box, Grocery and Convenience Store chains, mostly with revenues of over $1bn (50 percent of which are publicly traded).
Drewry's latest Dry Bulk Forecaster reports that coal has been the recent saviour of the dry bulk market. Global GDP grew by 3.2 percent in 2012, following growth of 5.2 percent and 4.0 percent in the post-recession years of 2010 and 2011. This slowdown blighted dry bulk cargo volumes and in turn tonnage demand. Global steel production, reflecting industrial and growth activity around the world, grew by only 1.3 percent in 2012, with a subsequent impact on iron ore and coking coal trade.
Formidable challenges, from tough economics to rising market complexity, are driving a profound rethinking in the manufacturing industry, according to a global survey by IDC Manufacturing Insights called "Business Strategy: The Journey Toward the People-Intensive Factory of the Future." In this context, effective factory management is essential. In fact, more than 43 percent of survey respondents declared they have a formal process in place to design future production plants.