The Red Sea is one of the most significant waterways in international trade. It connects to the Suez Canal, one of the most crucial artificial passages for shipping.
During the holiday, ports, shipping companies, and factories limit operations or shut down, which can cause supply chain disruptions.
Businesses and shippers are seeing no end to the Gaza war and are seeing an impact on cargo movement.
In international shipping, not using a licensed CHB can adversely impact the shipper and customs brokerage.
Recently, many U.S. companies have been discussing other sourcing alternatives instead of China, making some ask, “Are China Imports Declining?”
While agricultural exporters tend to use the Panama Canal to reach Asia, delays force many to switch to the Suez Canal.
When bringing shipments into the U.S., having the correct documentation can save time and money.
Demurrage is a fee that port officials place on cargo that overstays its time at a terminal.
With the Panama Canal being one of the most important trade routes in international shipping, limitations have a considerable impact.
While both methods can be equally valuable to a supply chain, specific shipments benefit from one.