88.3 percent of importers feel that their freight providers are not technologically advanced. This means that nearly 9 in 10 importers believe they are falling behind due to lack of innovative information from their supply chain partners.
The transportation market is extremely dynamic and there are a variety of factors that influence freight rates. There are times when there’s an oversupply of capacity and other times when there’s a severe capacity crunch.
As published in this week’s edition of CLIFF NOTES, strike actions began in Nhava Sheva, India on May 9. The latest reports indicate that labor disruptions are expected to continue as dock workers called for an indefinite transportation strike this morning so parties can continue to work towards an agreement.
If you have been in logistics for any period of time, you know that late shipments can be a very common occurrence. In fact, 10 percent of small business owners reported that more than 75 percent of their shipments arrived late.
***See the latest update regarding Section 301 Tariffs by clicking here.
On July 31, 1789, shortly after the United States became a nation, Congress passed legislation that called for administering customs tariffs and collecting duty to fund the government.
With capacity shortages and increased demand, now is the time to rethink your supply chain. Even if you think you can manage everything by yourself, it still pays to have a trusted logistics partner.
At Ascent Global Logistics, we are constantly looking for ways to help our customers become leading importers. With that being said, we understand that many importers still use traditional Excel files to manage and track all of their purchase orders.
With the President signing into law H.R. 1625 on March 23, 2018, GSP has now been extended retroactively from January 1, 2018 through December 31, 2020. The effective date of the “Consolidated Appropriations Act, 2018” is April 22, 2018, when programming will be updated to reflect the GSP duty status of approximately 5000 tariff items.
While the concept of Reasonable Care has been around for over twenty years, today’s circular is a reminder of the importance of exercising Reasonable Care in all interactions with U. S.