Global Trade Magazine
2,679 FOLLOWERS
Global Trade is your source for international business news, breaking stories and features about trade, banking, imports/exports, shipping and logistics. The Magazine For U.S. Companies Doing Business Globally.
Global Trade Magazine
13h ago
Gather AI, renowned for its computer vision-based AI solutions for warehouse inventory monitoring, unveils two groundbreaking capabilities: inferred case counting and location occupancy. These pioneering features empower warehouses with automated, digitized inventory counts and precise space utilization insights, promising improved shipment efficiency and reduced labor costs associated with manual counting.
Ensuring accurate inventory levels is paramount for warehouse operators to meet shipping deadlines and optimize storage space. However, manual counting methods are not only labor-intensive ..read more
Global Trade Magazine
1d ago
The recent escalation of tensions in the Middle East has sent shockwaves through the global logistics sector, raising concerns about the safety and stability of both sea and air freight transport in the region. Beyond container cargoes, various types of cargo are now under threat, amplifying the challenges faced by the industry.
A significant incident occurred when the MSC Aries, a vessel with a capacity of 14,300 TEUs flagged in Madeira, fell victim to an attack by Iranian troops who landed via helicopter onboard the vessel. This assault occurred as the MSC Aries was departing from the port o ..read more
Global Trade Magazine
1d ago
Truck-mounted cranes are cranes mounted on top of trucks. These cranes are attached to the rear side of the trucks and used to load and unload the goods or to move heavy equipment or materials.
Truck-mounted cranes require less space and are portable. They also don’t need support structures and can be transported from one industrial plant to another very easily. They can rotate in 360 degrees carrying goods from every corner. Also, they reduce the running costs. They provide better flexibility and reliability as compared to the immobile cranes supported by structures.
Truck-mounted ..read more
Global Trade Magazine
2d ago
Amidst the interconnected web of global commerce, middle market companies are strategically leveraging international supply chains to enhance competitiveness, despite encountering both advantages and obstacles along the way.
A newly released research report, a collaborative effort between the National Center for the Middle Market (NCMM) and the Center for International Business Education and Research (CIBER) at The Ohio State University Max M. Fisher College of Business, sheds light on the evolving landscape of global supply chain engagement among middle market firms.
Surveying 406 supply chai ..read more
Global Trade Magazine
2d ago
Net Feasa, renowned for its groundbreaking vessel-based wireless connectivity solutions for shipping containers, has unveiled an expanded Vessel Control Tower aimed at revolutionizing supply chain visibility. The upgraded platform now supports all IoT-enabled cargo, catering to both reefer manufacturers and dry box tracking providers on a single platform.
This advancement ensures seamless connectivity across various vendors for all IoT-enabled reefer and dry containers, offering crucial early notifications of temperature anomalies and potential fire threats. The Vessel Control Tower also facil ..read more
Global Trade Magazine
2d ago
In the fiercely competitive world of third-party logistics (3PL), success hinges on the ability to swiftly onboard new customers, optimize operations, and drive revenue growth. With the market constantly evolving, 3PL providers are increasingly turning to advanced technological solutions to gain a competitive edge. Among these solutions, Warehouse Management Systems (WMS) emerge as a cornerstone in empowering 3PLs to excel in today’s fast-paced environment while strategically positioning themselves for future success.
For 3PLs, the journey begins with their sales teams actively pursuing ..read more
Global Trade Magazine
2d ago
The St. Louis Regional Freightway is gearing up for the 7th annual FreightWeekSTL, scheduled from May 13 to 17, 2024. This week-long event promises a dynamic blend of virtual and in-person activities, including a riverboat tour and engaging discussions, all centered around the latest innovations and trends impacting freight movement. With a focus on highlighting the pivotal role of the St. Louis region in advancing major infrastructure projects and supporting the global supply chain, FreightWeekSTL is set to provide invaluable insights for industry professionals.
Mary Lamie, Executive Vice Pre ..read more
Global Trade Magazine
3d ago
Welcome to another episode of “Logistically Speaking,” the podcast that delves deep into the pulse of global trade and logistics. Today, we’re excited to welcome a very special guest, Bethann Rooney, the Port Director of the Port Authority of New York and New Jersey, one of the busiest and most significant ports in the United States.
In this episode, we will uncover why the Port of NYNJ stands out as a powerhouse in the global port community. Bethann will share her insights on how the port not only handles immense logistical challenges but does so with exceptional efficiency and innovati ..read more
Global Trade Magazine
3d ago
A recent study conducted by Descartes Systems Group sheds light on the strategies employed by supply chain and logistics operations to address workforce shortages. Findings indicate that 54% of industry leaders prioritize automation to enhance productivity, particularly focusing on automating repetitive tasks. Delivery route optimization and real-time shipment tracking emerge as top technology choices to drive efficiency.
In addition to technological investments, companies are adapting recruitment and retention strategies to tackle workforce challenges. The study highlights alterations in hiri ..read more
Global Trade Magazine
3d ago
In a significant escalation of tensions in the Middle East, Iran’s capture of the MSC Aries, a container ship linked to Israel, has reverberated throughout the maritime industry. This development, occurring prior to the missile attacks on Saturday, April 13, 2024, underscores the deepening conflict in the region. Believed to be in response to an Israeli raid on the Iranian consulate in Syria, the capture has heightened concerns about the security of key trade routes and the stability of regional hubs like Jebel Ali.
Furthermore, Iran has launched a coordinated attack on Saturday, April 13, 202 ..read more