article thumbnail

Currency in India: Current State of Disruption, Confusion, and Economic Slowdown

CH Robinson Transportfolio

Currency in India: Current State of Disruption, Confusion, and Economic Slowdown.Transportfolio. Two of India’s major currency denominations have been withdrawn since November 8. As of midnight that day, the India Rupee (INR) 500 and INR 1000—which constitute 86% of the currency in circulation in India —are no longer legal tender.

article thumbnail

Turkey Earthquake: Key Industries, Exports, and Sites Impacted

Resilinc

Until now, Turkey’s economy has grown steadily since the pandemic due to a surge in exports and tourism caused by disruptions and weak currency in Asian supply chains according to the Wall Street Journal. Many steel manufacturers have also suspended operations. And supplier confirmation is essential to resiliency.

Turkey 62
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Guest Blog – How To Identify Supply Chain Barriers To Boost Efficiency?

Gravity Supply Chain

As suggested by experts, the very first step in identifying these barriers is to understand the various components of the supply chain, which includes understanding the roles of suppliers, manufacturers, distributors, retailers, and customers. Labor Shortage The labor shortage has become a major barrier to efficient supply chain management.

article thumbnail

5 Reasons Why the Supply Chain Is the Scariest Thing This Halloween

BlueYonder

So, the cargo ships might get unloaded, but the U.S. The supply can’t be repurposed: During most holiday seasons, manufacturers, wholesalers and retailers are wizards of repurposing leftover specialty items to sell in different ways. needs 80,000 truckers — a record high — to keep the goods moving.

article thumbnail

Bleak Peak 2022 Leaves Shippers Feeling Less than Thankful

Intelligent Audit

Despite carrier hopes of volume normalization as the market contracts in 2023, FreightWaves warns, “ 2023 is likely to be another year of sub-replacement level builds due to parts and components shortages as well as Europe’s struggles with sourcing energy to power vendor manufacturing site. ”. YoY Volume Lapses Worry Air Cargo Companies.

Turkey 52
article thumbnail

Freeports: The 2022 Guide

Unleashed

They especially encourage manufacturing and design enterprises that import, process and then re-export goods. For clarity, here’s a quick definition of each term: A free trade zone – or free zone as it is also known – can refer to specific-purpose manufacturing facilities.

article thumbnail

8-Step Importing Guide For First Timers

EMERGE App

Manufacturers vs Trading Companies. Manufacturers make the product themselves and will sell the goods directly to you. Make sure that you deal directly with manufacturers and not trading companies. Manufacturers can and will change their products’ specs with little or short notice. Inspection Services.