Articles
Global Trade Management
Air Cargo’s Gradual Takeoff
The gradual movement toward recovery to pre-COVID market conditions continues for the global air cargo industry (see chart), according to data from CLIVE Data Services and TAC Index. Year-on-year growth for the full four weeks of August 2020 showed a further narrowing of the gap in international air cargo volumes to -17% versus August 2019. […]
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USMCA FAQ
The United States-Mexico-Canada Agreement (USMCA) replaced the North American Free Trade Agreement to drive mutually beneficial trade among the three countries. Thomas Insights answers some key questions about the agreement. Why is a North American trade deal so important? Mexico and Canada are the United States’ biggest export market, supporting 12 million American jobs and […]
Read MoreHow Election Results Will Impact Supply Chain Stakeholders
The coronavirus, and the associated lockdowns, has brought a great deal of logistics activity – and many business decisions – to a grinding halt. Especially when it comes to international trade, it’s hard for business decisions-makers to decide at the moment if they want to invest heavily in a certain market, or to make commitments […]
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Brexit Baffles Freight Forwarders
Most freight forwarders doubt they can handle changes to the United Kingdom’s trading relationship in 2021, including new customs documentation and procedures, according to a study by the British International Freight Association. Key findings from the report reveal: Lack of understanding: More than half of freight forwarders say they have no knowledge or need to […]
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USMCA: A Bright Light for Shippers
Many businesses around the country are suffering due to the economic impacts of COVID-19. Small and mid-sized businesses especially are being hit hard, with thousands in survival mode. Furthermore, declines in exports and global commerce are affecting the logistics and transportation sectors. However, there may be some light at the end of the tunnel.
Read MoreTipping the Scales on International Trade
Several key events, including the COVID-19 pandemic, the U.S. presidential election, and the United States-Mexico-Canada Agreement (USMCA) implementation, can directly impact international trade in 2020, according to DHL’s survey of U.S. small and mid-sized businesses. DHL’s key findings include: Pullback on international business outlook: 49% of respondents say COVID-19 has caused them to take a […]
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Global Trade Goes Digital
Freight forwarders and shippers can book sea, land, and air cargo shipments to and from anywhere in the world with the rollout of DP World’s online logistics tools and services. The company accelerated the launch to help shippers navigate the COVID-19 crisis and keep trade—particularly essential food and medical supplies—flowing. The new digital trade and […]
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Goodbye NAFTA, Hello USMCA
It’s all systems go for the United States-Mexico-Canada Agreement (USMCA) to take effect now that all three participating countries have taken the final steps necessary to comply with the commitments. According to the agreement, the USMCA is to enter into force on the first day of the third month subsequent to completion of these final […]
Read MoreThe Value of Global Trade Insights in Navigating COVID-19 Supply Chain Disruptions
The coronavirus pandemic has exposed the fragility of the modern supply chain, as companies struggle to acquire the products and raw materials needed to keep revenue flowing. With many businesses relying heavily on a limited number of trading partners, many located in hard-hit areas like China, the scale of the supply chain disruption has been […]
Read More6 Keys to Pandemic Preparedness
Companies that have handled supply chain disruption the best to date did the following 6 things well in advance of the pandemic.
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