Reminder: Chinese New Year
Please remember that the Chinese New Year (CNY) began on February 5, 2019. Therefore, origin operations in Asia ceased on Chinese New Year with the potential to impact production and shipping for up to one month.
Please contact us or reach out to your Ascent Global Logistics representative if you need to book a last-minute expedited shipment.
Your Complete Guide To Cargo Insurance
Cargo insurance is one of the most proactive steps companies can take to protect their supply chain. Insurance safeguards shippers’ financial investments during domestic and international transit, when product is susceptible to natural disasters, severe weather, theft and other challenges. See more here.
Early Spring Harvests CanSignificantly Impact Agricultural Supply Chains
Early spring harvests can have a significant impact on agricultural supply chains throughout the United States. Therefore, it is important to partner with a logistics provider who can help you gain visibility and improve efficiency. See more here.
How To Book Last Minute Shipments After Chinese New Year
Because of the Chinese New Year holiday, shipments from Asia could be delayed by several weeks. If you have last minute shipments, here are some practical tips for minimizing delays and making sure your shipments arrive on time. See more here.
The United States Has No Plans To Delay China Tariff Increases
In a recent statement, the Administration claimed it has no plans to delay increases in tariffs on imports from China. If the United States and China do not reach a formal agreement, the US is expected to increase tariffs on $200 billion worth of goods from 10 percent to 25 percent.
For more information, please contact us or reach out to your Ascent Global Logistics representative.
US Port Volumes Expected To Increase Between Today And 2030
According to American Shipper, US ports are expected to handle a volume of 69 million TEUs in 2030. US East Coast port volume could increase by 5 percent (or 11 million TEUs) between 2017 and 2030. See more here.
Former Big Box Retail Space Could Become Warehouse Space
Starting in 2016, developers began 24 construction projects to convert former retail space into warehouse space. These projects could result in almost 11 million square feet of new industrial space for retail suppliers and big box retailers. See more here.
India Enacts New Regulations For Multinational Corporations
A new law passed by the Indian government states that merchants in India cannot receive more than 25 percent of their business from partnering with foreign companies. As a result, international retail suppliers who conduct business in India should know all regulatory laws and industry standards. See more here.
Statistic of the Week
The number of twenty-foot equivalent units (TEUs) handled by the Ports of New York and New Jersey in 2018, according to the official press release from the Ports of New York and New Jersey. Click here to access more stats.
Links of the Week
Catch up with the Ascent Global Logistics team at the below upcoming events:
NPDFA ANNUAL CONVENTION AND SHOWCASE
Atlanta, GA – February 11-14, 2019
ORGILL HARDWARE DEALER MARKET
Orlando, FL – February 21-23, 2019
TPM ANNUAL CONFERENCE
Long Beach, CA – March 3-6, 2019