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Why procurement planning is critical ahead of Chinese New Year

(Source: Supply Chain Drive) — While the United States is just emerging from its holiday season, China and many other Asian countries are days away from theirs. Between Chinese New Year and Lunar New Year, entire countries will just about shut down for a period of several days to more than a week to celebrate.

For organizations with supply chains heavily tied to this region of the world, planning is in order to avoid major disruption.

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‘Shocking’ discounts may make 2019 the most promotional holiday since the Great Recession

Analysts have been expecting plenty of discounts during the fourth quarter. Moody’s analysts warned in December that the six fewer selling days between Thanksgiving and Christmas could “exacerbate the promotional environment” for the period. They noted, as an example, that Kohl’s in its third quarter already demonstrated that. The analysts pointed all this out as… Continue Reading

USTR Announces Next Steps on Proposed 10 Percent Tariff on Imports from China.

Washington, DC – The United States Trade Representative (USTR) today announced the next steps in the process of imposing an additional tariff of 10 percent on approximately $300 billion of Chinese imports. On May 17, 2019, USTR published a list of products imported from China that would be potentially subject to an additional 10 percent tariff. … Continue Reading

Rising economic tide boosts North American ports

As the economy and GDP grows, so too does container volume. But some North American ports are capitalizing on their competitive advantages and growing faster than the overall market. The logistics landscape is ever-evolving as shippers adopt new supply chain strategies and adapt to diverse and variable market pressures. Ports, too, are adapting to succeed… Continue Reading