Topic: Global Trade

Oracle recently announced it has rolled out enhancements to its Oracle Transportation Management and Oracle Global Trade Management platforms. Company officials said these new features are geared to help shippers and logistics service providers “further streamline processes, reduce costs, and mitigate risks.”

While U.S. shippers have yet to measure Intra-Asia trade will have on their sourcing strategies, one prominent ocean liner executive maintains that it will be significant

The value of world merchandise trade rose around 25 percent in the first six months of 2010 up strongly from the same period of 2009.

FedEx subsidiary FedEx Trade Networks, the company’s global trade arm, recently announced it has opened offices in Rotterdam, Netherlands, and Hamburg and Frankfurt, Germany.

Capegemini Consulting announced figures from the third edition of its Global Trade Flow Index which indicates a slight uptick in growth.

California's merchandise export trade in May showed an impressive 25.7 percent gain over May of last year, but still fell well shy of export levels recorded two years ago

This proposal, H.R. 4678, requires foreign manufacturers whose products are sold in the U.S. to designate a registered agent for service of process in U.S. courts

As part of its ongoing global expansion, FedEx subsidiary FedEx Trade Networks, the company’s global trade arm, said it has chosen international freight forwarder Fritz Companies Israel as its sole Regional Service Provider (RSP) in Israel. Company officials said this partnership will provide shippers with expanded international ocean and air freight forwarding services.

While this trade agreement remains at a standstill, the prospects of getting a deal done were soundly endorsed by UPS.

The Act-- a legal vestige of American protectionism mandating that all goods transported between U.S. ports to be built, owned, and operated by U.S. vessels – has been waived in the recent past when Hurricane Katrina struck the Gulf.

While most shipping analysts maintain that the undervalued Chinese Yuan should still be a concern for U.S. exporters, there are those who say that surging demand may make it less of an issue in the near future.

While the economy is slowly showing signs of bouncing back, its uneven recovery throughout the world has myriad impacts on global trade patterns, commodity flows, and subsequently freight transport flows, according to the findings of a recent research report from the International Transport Forum.

According to a new report from the Organization for Economic Cooperation and Development, trade flows are ramping up.

U.S. Commerce Secretary Gary Locke met late last week with representatives from key U.S. apparel importers and retailers, including J.C. Penney, VF Americas and Polo Ralph Lauren, at the Commerce Department to discuss trade benefits created by recently passed legislation designed to help U.S. companies increase their apparel sourcing from earthquake-stricken Haiti.

Research into the sourcing potential and practices in Africa, Eastern/Central Europe, and Asia/China reveal big differences—and big opportunities—for supply chain management professionals.