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 […]

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 […]

CARGO INSURANCE – Your defense against unexpected and costly circumstances

Compliance Alert

Cargo insurance is one component of the supply chain that is often misunderstood. Many companies rely on coverage that is provided by the supplier or carrier and naively assume they are adequately protected. While there is nothing inherently wrong with this, understanding the terms and conditions of your policy is paramount. Please consider the following […]

Force Majeure May Be Invoked on Cargo

Compliance Alert

Rumors are circulating in the global shipping community about the invocation of force majeure. Although it is rarely used, force majeure can cause serious disruption in the supply chain. Worse yet, it can add a considerable expense to the consignee. In broad terms, force majeure refers to unforeseeable circumstances that prevents someone from fulfilling a […]