The pileup is the latest logistical knot in global supply chains, with satellite shipping data allowing for real-time monitoring of port issues globally.
Federal Reserve officials meet this week as consumers and companies fret the U.S. economy is facing the most widespread supply crunch since the oil crisis of 1973.
Logistics Service Providers (LSPs) have long known that FTZs can reduce duty spend for importers. However, finding a way to offer FTZ services without added overhead has not been easy.
The U.S. and the European Union have reached a trade truce on steel and aluminum that will allow the allies to remove tariffs on more than $10 billion of their exports each year.
With shipping logjams slated to continue throughout the next six months, some are predicting what’s being called “a never-ending peak season” for all of 2022, in which there’s less supply than demand.
Kenneth Roberts, chair of the construction law group with Venable LLP, explains why the need for an infrastructure bill now is dire — but will the promised funds for construction and maintenance actually materialize?
A bipartisan push to make the U.S. more competitive with China and bolster domestic chip production risks falling by the wayside as Congress grapples with a packed year-end agenda in an ever-more-divided Capitol.