The more connected you are with the world, the greater your ability to engage in trade - by a factor of 6 to 1. Those are the findings of a recent study released by The International Air Transport Association (IATA), which made a quantitative link between a country's air cargo connectivity and global trade.
From hand-crafted boutique brands to high-volume manufacturing and assembly, dedicated U.S. bicycle makers are reshoring bike production to the U.S. A confluence of factors including rising offshore costs, the benefits of a "local for local" business strategy, the growing popularity of bikes in expanding urban areas and patriotism are giving rise to new opportunities for an "old" mode of transportation.
Asos Plc, Britain's largest online-only fashion retailer, plans to double its U.K. manufacturing as the pound's post-Brexit plunge makes domestic production more affordable.
Supply chain disruptions have cost one in three organizations more than €1m ($1.06m) in the last year, according to a report. "The Supply Chain Resilience Report," published by the Business Continuity Institute and supported by Zurich Insurance Group, said the overall number of organizations experiencing supply chain disruptions fell from 74 to 70 percent.
KnowTheChain has launched a ranking of 20 large apparel and footwear companies on their efforts to eradicate forced labor and human trafficking from their supply chains, finding that only a small group of companies seriously addresses exploitation. Most companies have systems in place to monitor and react to forced labor and human trafficking, but few companies address systemic causes, the human rights group says.
Shippers and brand owners have joined forces to sign a declaration aimed at preventing the transport of counterfeit goods. The declaration acknowledges the "destructive impact" of counterfeits on international trade and calls on the maritime industry to address it through zero tolerance, strict supply chain controls and other due diligence checks
Results from the latest Anholt-GfK Nations Brand Index (NBI) study show that the United States experienced a significant reputation decline compared to 2015 - but still held on to the top ranking.
The heads of Bank of America Corp., American Electric Power Co., Coca-Cola Co. and 24 more large global companies have pledged to boost the number of women in their top ranks to parity with men by 2030.