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China agree to boost trade ties as Trump tariffs hit Vietnamese Prime Minister Pham Minh Chinh and China's Premier Li Qiang have agreed to boost trade and investment ties between the two countries during a meeting on the sidelines of the BRICS summit in Brazil, Vietnam's government said on Tuesday. South African car exports to U.S.
Trade is a force for peace, but when the US is setting new terms without considering the capacity and size of its partners, the result is that trade stops, it breeds mistrust, and pushes our trading partners to seek others than the US. The transshipment tariff rate out of Vietnam is one that no one really understands.
In particular, the focal BRIC (Brazil, Russia, India, and China) represent major targets for expansion, but with them come a host of new problem that enterprises have little to no experience in dealing with in terms of logistics capabilities. Here is what I expect to see next year: Global supply chain footprints will continue to expand.
Supplier capacity management is all about knowing how much volume a supplier can handle within a fixed amount of time. So if I ask you for 2,000 piece goods for delivery by next week, and your stated capacity is 3,000 units per week, no problem. Do YOU know who is in YOUR supply chain?
Demand from BRIC markets continues to fuel growth for luxury brands while at the other end of the market, OEMs fight continuous battles for volume, market share and margin. This choice creates capacity challenges. And this differs in each country. Bigger challenges ahead.
Inventories are high, and we have excessive ocean capacity. Truck load capacity is starting to surge for the holidays, but companies worry that market growth is stalled. The growth expectations of the BRIC countries is worrisome. Today, we live in volatile times. What is the market potential of these emerging economies?
” Other energy trends include improvements in storage capacity to provide around-the-clock energy from renewable sources and advances in smart grid technology. ” The other two so-called BRIC countries (Brazil and Russia) are faltering. The absence of a network eliminates the loss and cost of energy transmission.”
BRIC Supply Chain Procure to Pay Strategic Sourcing Supplier Relationship Management Supply Chain Management Supply chain Relationships Supply Chain Risk Working Capital Management' In this case, don’t be afraid to ask for a “sit down”, and have an open and frank discussion about their financial challenges.
I learned a lot from them over many years; first chasing parts and capacity, then dealing with the contraction after Y2K and migration to lower cost countries in the early 2000’s, the expansion into the BRIC countries, the integration of information from customer to supplier to sub-tier supplier and so on.
I learned a lot from them over many years; first chasing parts and capacity, then dealing with the contraction after Y2K and migration to lower cost countries in the early 2000’s, the expansion into the BRIC countries, the integration of information from customer to supplier to sub-tier supplier and so on.
Steam ship lines are all suffering from over capacity and downward pressure due to fuel prices. of global container capacity, it still has resulted in more than half a million containers sitting on the ocean. Many of the ships are leased, and the revenue from shipping is not enough to cover the lease and turn a profit.
Strategic global trade decisions take on a variety of postures, including defensive, offensive, informing sourcing strategy when it comes to trade agreements, duty positioning, country pairings, and and sourcing shifts to reach some sort of global optimization, which must also consider supplier capability, capacity, and duty.
Image Source: Brics-Info.org. A flagging Euro and Yen, excess capacity and yield dilution. China will have the lead, connecting economies like Azerbaijan and Ukraine to the international market, but OBOR will bring new logistics origins online. Forwarders, get ready. China-US freight is getting Amazon’ed.
Many companies are considering moving manufacturing back to the US, with largest opportunity in “right to work” states and states with capacity providers. Currently, poor economic performance in OECD, BRIC countries, and the African market is resulting in heightened investment in the US market. to other key corridors.
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