In March 2008, the ocean vessel MSC Sabrina ran aground in the St. Lawrence River near Trois-Rivieres, Quebec, Canada. The vessel had more than 1,500 containers worth approximately $100 million in cargo.
For many years, the trilateral trade bloc in North America has worked together to minimize the tariff and non-tariff barriers of trade between the United States, Canada and Mexico. The United States enacted a special trade program with Canada in 1988, called the Canada-United States Free Trade Agreement (CFTA).
One-third of all international trade value is transported by air, accounting for $6.8 trillion of goods annually. Speed remains as aviation’s competitive advantage, creating expedited solutions for shippers around the globe.
Has your global supply chain ever failed you? Have you ever been caught up trying to get the right product to the right place at the right time? Whether you’re developing new products, expanding into new markets or looking to heighten your current supply chain processes, there’s a common denominator that unites all of the above: purchase order (PO) management.
COVID-19 has made a widespread impact on the world, with a substantial effect on the transportation and logistics industry. Importers have quickly shifted organizational strategies to help deliver much-needed personal protective equipment (PPE) to those that need it as well as continue generating business.
As the U.S. continues to battle the novel coronavirus (COVID-19), first responders, health care professionals and other essential workers on the front lines continue to deal with a shortage of personal protective equipment (PPE).
Coronavirus (COVID-19) continues to wreak havoc on global supply chains. While China’s manufacturing and logistical networks have started recovering, the U.S. is just beginning to feel the COVID-19 logistics impact. Ascent’s global transportation and trade team has compiled three tips to help companies know what to expect in the weeks to come.
Each year, importers place millions of purchase orders with overseas suppliers. With little to no visibility, collaboration, or transparency in place, importers spend countless hours each week manually managing their purchase orders.