While it seems that COVID-19 is largely under control, the pandemic continues to affect supply chains in a profound way, according to latest global trade data from Descartes Datamyne. This includes new disruption of manufacturing and logistics operations with further...
USITC Report Finds Free Trade Agreements Made a Small, but Positive Difference to U.S. Economy
The U.S. International Trade Commission has filed a report on the measurable effects of U.S. free trade agreements on U.S. imports and exports, domestic production, income, and employment – new considerations for the ongoing debate regarding the pros and cons of...
Supply Chain Capacity Crunch
As one of the top stories of 2021, every day there are multiple stories about global importing and the current shipping crisis speculating when it might end. While there are many reasons it exists, sorting through the noise to find the answer is not an easy task....
Global Trade Data: Rising Demand for Furniture Frustrated by Supply Chain Woes
When COVID-19 shut down retail outlets, sales inevitably faltered. Then stuck-at-home consumers decided to redecorate – or move on and furnish someplace new – and orders for furniture surged. Sales are better than expected, but less than they might have been had...
U.S. Moves to Build Supply Chain Resiliency: How Importers Can Mitigate Disruption
The Biden Administration has announced plans to strengthen the resiliency of critical U.S. supply chains to protect American industries from shortages that were exacerbated by COVID-19, significantly impacting earnings prospects in several key U.S. industries. But...
USMCA – North American Trade Policy and Impact on Key Industries
United States-Mexico-Canada Agreement The USMCA agreement came into effect on July 1st 2020, replacing the North American Free Trade Agreement (NAFTA), which had been in place since 1994. The aim of the new accord was to modernize trade policy among the U.S., Mexico...
U.S. Automakers Ponder Supply Chain Resiliency Strategy as Chips Crunch Chokes Assembly Lines
Global shortages of automotive semiconductors have forced car manufacturers to shut down assembly lines and mull supply chain resiliency strategies to prevent further disruptions over the long term. Now the Biden Administration, as part of its review of key U.S....
Global Trade Data: Anxiety over EV Battery Metals, as the Biden Administration focuses on U.S. Supply Chain Resiliency
Public policy, private investment, and technological advances are making electric vehicles (EV) a practical alternative for more car owners. While the market is bullish on accelerating EV sales, there are worries, global trade data shows, about assuring supplies of...
Global Trade Trend: Holiday Peak Season Import Volumes Set to Break Records
Global trade trends show that U.S. imports surged in the run-up to the holidays. But after nine months of pandemic shut-downs, following on a year of trade dampening tariffs, the fall’s record volumes are largely making up for the losses in the spring. 2020’s year-end...
Alcohol Imports – Ongoing Impact from COVID-19
U.S. Alcohol Imports – By Volume Heavily impacted by COVID-19 during the first half of 2020, imports of wine and spirits under chapter 22 of the Harmonized Tariff Schedule (HTS) continue to lag behind 2019. According to the latest available trade data from Descartes...