Category: Global News and Events

Walmart to Increase Demand on Its Suppliers Even Further

Walmart to Increase Demand on Its Suppliers Even Further

                    It’s not easy being a supplier for Walmart. Sure, doing business with the largest retail chain in the world has its perks, but in order to maintain a relationship with Walmart, suppliers must adhere to some very strict guidelines. In 2010, Walmart implemented new delivery… Read more »

Maersk Will Divide Itself Into Two Separate Divisions

Since A.P Moller – Maersk was founded as a Danish steamship company in 1904, the company has grown to become a sprawling multinational business conglomerate and the largest shipping container carrier in the world. Over the course of its 112 year history, Maersk has expanded from the shipping industry into oil and energy as well…. Read more »

South Korean Courts Weigh Fate of Hanjin Shipping’s Assets

In August of this year, South Korean firm Hanjin Shipping Co. filed bankruptcy and briefly threw the global shipping and logistics industry into a state of panic. Since the initial shock has worn off, industry partners such as Hyundai have stepped in to pick up the slack, but the saga of the Hanjin Shipping bankruptcy… Read more »

Global Shipping Industry Reels in Wake of Hanjin Bankruptcy

One of the weaknesses of today’s vast, interconnected shipping economy is that when one component fails, it can have a ripple effect on the industry that stretches thousands of miles around the globe. Such is the case in the recent bankruptcy of the South Korean firm Hanjin Shipping Co. After spending years putting pressure on… Read more »

SOLAS Container Weight Requirements – Effective July 1, 2016

The international treaty known as the Safety of Life at Sea (SOLAS) affects all shipment by water effective July 1, 2016. SOLAS requires the filing of a Verified Gross Mass or weight (VGM) as a condition of loading your cargo on board the vessel. No VGM on file – no movement of your cargo! SOLAS-VGM requires… Read more »

Improving Traffic Along the U.S. Canada Border

The official nominee to head the U.S. Customs and Border Patrol Agency looks like he’ll likely be awarded confirmation, and that should be great news to business along any American border. Although discussions regarding U.S. borders over the past decade have tended to focus on security, officials are starting to recognize that some openness is… Read more »

NAFTA Turns Twenty

The strong arm of bureaucracy is a powerful force in the world of international shipping. To protect domestic businesses, a country will often try to control the trade entering and leaving from across the border. In our globalized world, however, trade agreements have enabled prosperity in countries who have decided to reach beyond borders and… Read more »

Making the Road a Safer Place

Truck drivers are essential to businesses and economic growth.  The roads they drive can be dangerous, with the bulk of responsibility for offensive driving on them.  Aggressive measures have been taken by legislators and law enforcement to reduce distracted auto drivers and now they are focusing on commercial drivers as well.  New laws aimed at… Read more »

Should the global financial system be tweaked?

It is tough for any country to overcome its own financial crises Do you have any issues with the global financial system? Do you think it needs some rewiring, some changes top to bottom? Can entrepreneurs and forward-thinkers really thrive in such a system? Given the system’s recent tumultuousness, the answer may be yes. If… Read more »

Doing international business in uncertain times (part one)

U.S. military intervention in Syria will affect markets worldwide   In the last couple of posts, we have focused on the DOs and DON’Ts of international business, discussing ways to make it more profitable and easier on you. However, no matter how prepared a company may be, there are always external factors to consider. International… Read more »