GLOBAL SUPPLY CHAIN UPDATE – An Overview of the Domestic and International Scene

Compliance Alert

We are in the midst of an unprecedented global crisis. There is an information overload as experts share opinions, statistics, and projections about COVID-19’s effect on the economy. It is now clear that the intercontinental supply chain will not return to “normal” until late Q1 or Q2 2021. As time passes, we are able to […]

NEW 90-Day Duty Deferral Program

Compliance Alert

The importing trade community has spent considerable time and effort over the last several weeks in soliciting the Administration to postpone or delay duty payments in light of the current financial hardships many companies are facing due to the COVID-19 pandemic. Over this last weekend, some accommodations have been made available by the Administration for […]

STEAMSHIP LINE STORAGE OFFERINGS – Advantages and disadvantages

Compliance Alert

As the COVID-19 pandemic rages on, experts anticipate that the shipping industry could see a loss of $25-$30 billion this year. These losses would need to be at least partially offset or the landscape of global transportation could drastically change (i.e. bankruptcies, M&A). The industry is waiting to see when container volume will begin to […]

Planning vs. Forecasting – Keys to Maintaining Supply Chain Flow

Compliance Alert

The Covid-19 pandemic continues to wreak havoc on the logistics industry, with experts estimating a 30% decline in the global shipping market through May. Supply chains are crawling. Numerous steamship lines have cancelled entire lanes and announced blank sailings. Experts say even more shipping disturbances could happen with very short notice during Q2 2020. There […]