Until recently, most companies simply haven’t been interested in offering deep supply chain transparency. Now, they are beginning to realize the urgent need to do so.
Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers.
President Biden’s proposed infrastructure bill calls for $571 billion in additional transportation spending over current federal levels, and $50 billion to make infrastructure more resilient to climate change.
The Ever Given leaves in its wake several weeks or months of disruptions across a world economy where the pandemic revealed both the sturdy backbone of global trade and an Achilles’ heel.
Ships started moving again through the Suez Canal on Monday after the giant container ship that lay stranded across the critical waterway for a week was finally tugged free.
A massive container ship blocking the Suez Canal showed no signs of budging for a third day, forcing container carriers and other vessels to weigh costly and time-consuming voyages around Africa that threaten to destabilize the already fragile underpinnings of global trade.
Delivery Drivers, Inc., a provider of independent-contractor labor for businesses, is in the process of hiring a huge number of additional drivers to meet the growing demand for last-mile delivery of e-commerce orders.
A standoff between commodities giants and shipping companies is prolonging the labor crisis at sea, with an estimated 200,000 seafarers still stuck on their vessels beyond the expiration of their contracts and past the requirements of globally accepted safety standards.