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Enter RCEP: The World’s Largest Free Trade Agreement

Logistics Viewpoints

In line with these pandemic times, while the ASEAN meeting was nominally held in Hanoi, Vietnam, it was a virtual signing ceremony that saw 15 countries in Asia Pacific become part of what is now the world’s largest free trade agreement, representing 30 percent of global gross domestic product and encompassing almost 2.3 billion people.

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This Week in Logistics News (July 16 – 22)

Logistics Viewpoints

FedEx Express introduces new routes between Asia and Europe. The two designs, one that looks more like a small plane used by hobbyists and another with a big belly used for additional cargo space, were recently unveiled in a company blog post. FedEx Express has announced the launch of a new route between Asia and Europe.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Taiwan Semiconductor Manufacturing (TSMC), the company that makes the majority of latest-generation chips for Apple products, has committed to increasing capacity by spending $100 billion across the next three years, and building new factories in Arizona and Japan. Nikkei Asia ). Air cargo carriers in North America posted an 11.4%

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This Week in Logistics News (July 3 – 9)

Logistics Viewpoints

The kick-off to the 2020 Summer Olympics in Tokyo, Japan is just two weeks away, after being postponed last summer due to the Covid-19 pandemic. Earlier this week, a resurgent coronavirus forced Japan to declare a state of emergency in the capital that will run throughout the event.

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Doing Business in South Korea

QAD

South Korea is in eastern Asia in the southern half of the Korean Peninsula. It is bordered by North Korea, the Sea of Japan and the Yellow Sea. It was occupied by Japan in 1905 and did not regain its independence until 1945. South Korea has 71 airports with paved runways, more than half of which can support cargo jets.

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Panama Canal Drought: Lower Water Levels, Higher Supply Chain Risk

Resilinc

Weight limits have also been adjusted, forcing some ships to unload and transport cargo to the other side of the canal via train—increasing transportation costs. The main countries affected by the drought are China, Japan, South Korea, and the US, as the Panama Canal facilitates 46% of container movement from northeastern Asia to the US.

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Doing Business in Malaysia

QAD

Prior to that, the British Empire ruled the territory as colonies and protectorates, and Japan occupied the area from 1942 to 1945. Located in Southeast Asia, Malaysia is bordered by Thailand, Borneo, Indonesia, Brunei and the South China Sea. Malaysia is ideally located for trade with China and countries throughout Asia.