At the height of COVID-19, soaring consumer purchases in the United States congested supply chains and threatened to overwhelm U.S. maritime ports. But last September, container trade volumes suddenly went into a decline from their record highs, according to global...
US Importer Supply Chains Disrupted by Hanjin’s Bankruptcy
The bankruptcy of Hanjin Shipping has left thousands of TEUs in cargos at sea, with Hanjin vessels being turned away from ports of entry or, as reported by CNBC, seized in Chinese ports. Ranked sixth in market share for Asia-North America shipping routes in first-half...
Japan Aftermath
The disaster reminds us of shared vulnerabilities and a need to know what’s going on The world’s third largest economy has been devastated by catastrophe upon catastrophe. Clearly, the repercussions in the global marketplace will be far-reaching, long-lasting and...