It’s easy to take for granted our accessibility to products native to or manufactured in countries on the other side of the world. International trade makes it possible to enjoy a dinner of Kobe beef from Japan, tropical fruits from India and a bottle of wine from France, without having to wait days (or weeks) for all the ingredients to arrive. From the days of the Silk Road between Europe and Asia in the 1200s, international trade has facilitated the exchange of goods and services between nations. As transportation evolved to make doing business internationally more practical, the result has been a global economy where events in one county can impact product supplies, demand and prices in countries thousand of miles away. For consumers, global trade means more business competition, which (despite tariffs and other additional costs that do not apply to domestic trade) typically results in lower prices for the products they want to purchase. It also opens up more markets where countries can sell the goods that are more abundant within their borders. The Cycle of Global Trade Relationships International trade can, over time, change the nature of relationships between two countries. One familiar example is when a poorer nation provides labor and facilities to more developed trading partners, acquiring wealth that can then be channeled into greater domestic productivity. When that happens, it could eventually result in a reversal of roles, where the product importer becomes an exporter. One sees elements of this in the trade relationship between the U.S. and China.
SeaPort Manatee Resumes Fuel Distribution to Hurricane-Hit Florida Regions
SeaPort Manatee has restarted fuel distribution operations, supplying Southwest and Central Florida with much-needed resources following the October 9 landfall… Read More
Logistics Trade Bodies Urge Action on New EU Import Rules
Global and European trade associations representing shippers, forwarders, and vessel operators have issued an urgent alert for businesses involved in… Read More
Container Rates Surge Amid The Red Sea Crisis
In response to the escalating Red Sea crisis, leading online container logistics platform Container xChange released a comprehensive report detailing… Read More
U.S. Tariffs on China: Echoes of History and New Supply Chain Challenges
Global supply chains are bracing for further disruption and increased costs following U.S. President Joe Biden’s announcement of new tariffs… Read More
Navigating the Long-Term Consequences of the Red Sea Crisis for Retailers
Retail supply chains are no strangers to disruption — especially since the COVID-19 pandemic — but the current Red Sea… Read More
Improved Carrier Sentiment Signals Potential Rate Increase in Truckload Spot Market
A recent Bloomberg | Truckstop survey reveals that sentiment among North American carriers in the truckload spot market has improved… Read More
Supply Chain: The Twilight Of Hyper-Globalization
How geopolitics, climate change and contracting labor forces will cause a “once in a lifetime” shift in supply chains Read… Read More
Maersk Adjusts Surcharges Amid Escalating Red Sea Risks
Recent developments in the Red Sea have prompted Maersk Line to implement surcharge adjustments and reroute vessels, signaling heightened concerns… Read More
Spearheading Gender Equality in the Digital Economy: UNCTAD Welcomes New Advocates
The United Nations Conference on Trade and Development (UNCTAD) is ushering in a new era of gender inclusivity in the… Read More
REVEALED: How Disruptions in The Supply Chain Affects the Infrastructure Industry
Supply chains across industries are a focal point for the success of processes and operations. Disruptions can have huge consequences… Read More
Charting the Course for Sustainable Seafood: The Future of Fish
Mission Kitchen is gearing up to host a day-long symposium, as part of its Tomorrow’s Table event series, dedicated to… Read More
Changes in Agrifood Production Can Cut Greenhouse Emissions by a Third
A groundbreaking report from the World Bank unveils a powerful strategy to slash global greenhouse gas emissions by almost a… Read More
« Previous 1 … 3 4 5 6 7 … 285 Next »