Your weekly update for the latest trends and news from the supply chain world.
Want to receive our weekly updates in your inbox? Subscribe to our newsletter.
Week 5 digest:
Prepare for no-deal Brexit, transport sector is advised, after Commons vote
Businesses should prepare for a no-deal Brexit, some specialists advise after last night’s convoluted and non-binding vote in the UK parliament.
“I’ve never felt more like betting on a no-deal,” said Sandra Strong, of Brexit adviser Strong and Herd, at the MIQ Logistics Knowing Brexit seminar in London this morning.
Source: The Loadstar
Hapag-Lloyd declares general average for Yantian Express
The fire aboard the container ship Yantian Express has prompted Hapag-Lloyd to declare general average, marking the second time in a year that a container ship fire has led to the apportionment of damage costs among a voyage's cargo owners.
Source: The Maritime-Executive
Air freight growth at a standstill amid trade tensions
Air cargo growth stagnated in November 2018, with 0% year-over-year growth in freight ton kilometers (FTKs), according to an analysis from the International Air Transport Association (IATA). IATA attributed the slowdown to a combination of inventory restocking cycles and weakened economic activity related to trade tensions.
Source: Supply Chain Dive
Maersk CEO: Imports to the US will drop
"We expect that trade imports to the U.S. will drop a little bit in the coming quarters," Maersk CEO Søren Skou told Bloomberg in an interview at the World Economic Forum annual meeting in Davos, Switzerland. This outlook is in line with projections from the National Retail Federation (NRF), which said record import numbers at the end of 2018 were the result of businesses rushing to beat tariffs. Maersk also expects little impact on its company if there is a no-deal Brexit because it doesn't do much business transporting goods between the U.K. and mainland Europe.
Source: Supply Chain Dive
BDP International India recognized for outstanding customer engagement
In 2016, the Confederation of Indian Industry (CII) institutionalized the CII Award for Customer Obsession, which recognizes companies that promote and practice a culture centered around their customers. BDP International India was selected as a winner in the category of “active customer engagement”. This outstanding achievement is a further testament to BDP’s ongoing mission to deliver the best global logistics solutions to our customers.
The US government has reopened...now what?
As of Friday, January 25, the US government has been temporarily reopened, but that doesn’t mean all is back to normal; we still need to keep watch over all of the processes and orders that are now in motion. Chief Compliance Officer Michael Ford reviews some key points to keep in mind with the re-opening of the US government.
Is your cargo protected? Consider shippers insurance
Whether it’s through a catastrophic weather event, a vessel fire, or riot or crime, the supply chain can be susceptible to many disruptions and therefore, so can your cargo. Shippers may want to take the opportunity to review what protections or insurance they currently have in place to secure the safety of their cargo in transit. David Ide, Vice President of Global Risk, reviews the benefits of shippers insurance and its importance for customers.