U.S. Umbrella Imports In March 2023, after two months of growth, there was significant decline in supplies from abroad of umbrellas, when their volume decreased by -7.7% to 12M units. Over the period under review, total imports indicated mild growth from March 2022 to March 2023: its volume increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, imports increased by +38.2% against December 2022 indices. The pace of growth ..read more

Malfunctioning equipment and contagious viruses are not the only factors that can wreak havoc on supply chains. Businesses are also at risk when climate events occur, like tornados, hurricanes and floods. Supply chain management teams should prepare for these events by assessing their organization’s vulnerabilities. Sheltering supply chain businesses from natural disasters in spring and summer is crucial to remain operational. Read about the steps management can take to make this happen, like developing contingency plans, investing in technologies and enhancing communication abilities. Every e ..read more

The global carbon black market is anticipated to generate revenues of US$ 13, 849.6 million in 2023. Carbon black demand is anticipated to increase at a CAGR of 4.8% and reach US$ 22,133.52 million by 2033. The increasing carbon black consumption in automotive and construction activities proliferates the global market expansion. The global need is also increased by applications in the manufacture of consumer products, electronics, and tires. Moreover, carbon black is used as a pigment in paints and coatings. Manufacturers of carbon black are likely to experience further expansion due to the ex ..read more

In response to the exponential growth in contraband drugs entering Europe via ports on the Atlantic seaboard, specialist freight insurer TT Club is increasing its efforts to promote industry awareness of both trends in criminal activity and methods of combatting its success. In the past two months, since the beginning of April, yet more examples of criminal gangs utilizing the complexity of European import trades to smuggle in drugs have continued to emerge.  Reports include cocaine in containers of fruit through the port of Antwerp; in Rotterdam narcotics were discovered in reefer contai ..read more

Fluent Cargo, the multimodal routing engine dedicated to the global logistics market, today unveiled its latest industry survey exploring the challenges involved in route planning for international shipping. The comprehensive study highlights the significant amount of time spent by industry professionals on web research, and the urgent need for more streamlined and innovative solutions. The survey, which collected 187 responses from a diverse range of stakeholders including freight forwarders, beneficial cargo owners, third-party logistics service providers, carriers, consultants, buyers, and ..read more

 United Kingdom Passenger Car Import Price in February 2023 In February 2023, the passenger car price stood at $36,155 per unit (CIF, United Kingdom), rising by 8.9% against the previous month. In general, import price indicated a moderate increase from February 2022 to February 2023: its price increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, passenger car import price decreased by -3.1% against December 2022 indices. T ..read more

Are you tired of overstocking or running out of inventory? Then you need to consider using AI for inventory forecasting. Artificial Intelligence (AI) can help you optimize inventory levels, increase efficiency, and improve customer satisfaction. But as with any technology, there will always be pros and cons. In this article, we will explore the advantages and disadvantages of this innovative approach to inventory management. Using AI for Inventory Forecasting: A Game Changer AI is revolutionizing inventory forecasting by providing more accurate and efficient predictions. With AI, you can analy ..read more

U.S. Prisms And Mirrors Exports For the third month in a row, the United States recorded growth in overseas shipments of prisms and mirrors, which increased by 31% to 338 tons in March 2023. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2022 when exports increased by 42% month-to-month. The exports peaked in March 2023. In value terms, prisms and mirrors exports soared to $109M (IndexBox estimates) in March 2023. In general, exports, however, saw a noticeable downturn. Exports by Country South Korea (149 tons) was ..read more

Innovative technology that creates a virtual representation of the seabed of ports and waterways and provides real-time information to shippers and port operators is now available and has the potential to impact freight movement much like traffic navigation apps have been a game changer for motorists. Details on the digital twin technology developed by Israeli-based startup DockTech were shared by founder and CEO Uri Yoselevich during the opening day of the St. Louis Regional Freightway’s FreightWeekSTL 2023. Innovation Day on May 22 featured three virtual sessions highlighting emerging techno ..read more

Effective communication is the backbone of any successful business. It plays a vital role in building relationships, fostering collaboration, and achieving organizational goals. Mastering essential business phrases can significantly enhance your communication skills and empower you to express yourself clearly and concisely in various professional settings. In this article, we will explore the importance of effective communication in business, common communication challenges, and provide you with a comprehensive guide to mastering essential business phrases for effective communication. Importan ..read more