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tariffs on imports from Canada, Mexico, and China is impacting global trade networks, affecting industries ranging from automotive and electronics to agriculture and energy. auto parts are sourced from Mexico, making the tariff impact immediate and severe. Mexico and Canada have imposed 25% tariffs on U.S.
Bowman, SupplyChainBrain In the rush to adjust sourcing strategies in line with current trends in international trade, the answer might be to think small. manufacturers have spent the last few decades consolidating production at gigantic offshore plants, especially in China. It could even entail some degree of domestic production.
Global manufacturing is realigning. Reliance on distant Asian supply chains is giving way to production closer to home, in Mexico and the U.S. During the pandemic, lockdowns in key manufacturing hubs in Asia disrupted supply of essential components, from semiconductors to medical supplies. In early 2025, the U.S.
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The regulation is designed to provide European consumers with extensive data about the provenance of the items they purchase, all the way back to the sourcing of raw materials. Time to Start Preparing for the Digital Product Passport SCB FEATURE Selling Into the EU?
Reported April 24 Over 60% of our business is from products that are manufactured, bagged, assembled or grown in the United States and only 12% of our business is direct imports. Brian Grass - Chief Financial Officer We also began dual sourcing more of our production and are now intensifying those efforts even further. Christopher J.
Unifor claims that the company is pushing to implement changes to pay systems that would have drivers travel more than 60 miles to get to their routes or pick up freight with no compensation. Hunt, BNSF and GMXT Launch Intermodal Freight Delivery Service in Mexico More from this author Subscribe to our Daily Newsletter!
President-elect Trump has offered that he will be instituting 10% tariffs on China, 25% on Mexico and Canada, and perhaps other tariffs, including on Korean products. He has stated that his intent is to increase the number of manufacturing jobs in the United States. manufacturing activity. manufacturing activity.
The Trump administration is considering 25% tariffs on imports from Canada and Mexico and 10% on goods from China to address trade imbalances and protect domestic industries. These tariffs will raise costs, disrupt supply chains, and force companies to rethink sourcing and logistics strategies.
So we articulated about 14% from China, which, you know, if you do all of the math, you know, our NAPA business is really the outsized exposure with China, Mexico, Canada, 20% to 15% to 5%, respectively. So China is always going to be a manufacturing hub for us. So we think the diversification of the business is an advantage.
Mexico-Canada Freight Down in All Modes for April U.S.-Mexico-Canada Mexico-Canada Freight Down in All Modes for April Photo: iStock/grandriver June 27, 2025 SupplyChainBrain Total transborder freight in North America was $126.3 Freight between the U.S. from April 2024, while freight between the U.S.
Trump intensifies trade war with threat of 30% tariffs on EU, Mexico President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1, after weeks of negotiations with the major U.S. trading partners failed to reach a comprehensive trade deal.
Shippers are scrambling to front-load orders during this 90-day window, an effort thats already driving spot rates higher across ocean freight, drayage, and over-the-road transportation. 8 As such, the challenge to quickly manufacture and transport inventory now, or at a moment's notice, remains paramount.
Borderlands Mexico is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. Renegotiating USMCA may boost North American trade The United States-Mexico-Canada Agreement will mark its fifth anniversary on July 1. Mexico was the top U.S. Canada or Mexico, or all three.
To qualify under the United States-Mexico-Canada Agreement (USMCA), a vehicle or auto part must meet several requirements: 75% of the content must originate from the U.S., In this chart by AllAmerican.org , you can see how automakers are currently sourcing key componentsand how those sourcing decisions relate to the USMCA content rules.
What do Trump tariffs mean for the United States-Mexico-Canada agreement? In the ever-evolving landscape of North American trade, businesses find themselves navigating a labyrinth of the United States-Mexico-Canada Agreement ("USMCA") and the shifting tariff policies under the Trump administration. Apple supplier Foxconn to invest $1.5
Is Paving the Way for Electric Planes, Urban Drones Is High-Speed Passenger Rail a High-Speed Route to Disaster for Americas Freight Railways? Hunt, BNSF and GMXT Launch Intermodal Freight Delivery Service in MexicoFreight Forwarding/Customs Brokerage The Top 8 EDI Myths - Debunked! Featured Product Popular Stories J.B.
Nowhere was that tension more visible than during one of the conference’s hardest-hitting panels, a deep dive into the complexities of tariff policy and its ripple effects on global sourcing, consumer pricing and retail resilience. Retailers and manufacturers alike are building permanent workarounds. Before Trump, U.S.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Winner in global tariff war could be Mexico, report says; DutyFreeZone.com secures distribution rights for Corona beer; and Korean auto supplier opens factory in Mexico. Where are they sourced from?
and Mexico continues to surge, fueled in large part by nearshoring trends and tighter regional supply chains. Mexico trade volumes reached an impressive $74 billion , according to the latest data from the U.S. Despite this uncertainty, nearshoring remains a long-term force reshaping North American freight. In May, U.S.-Mexico
has imposed new tariffs on Canada, Mexico, and China, triggering retaliatory measures that could drive up costs and destabilize markets. BlackRocks $19 billion acquisition of Panamanian ports underscores Wall Streets growing influence in global trade, while Cornings solar manufacturing alliance boosts U.S. solar manufacturing hub.
The Trump administration has been vocal on its goal of ‘America First’ as it looks to shrink the federal government, encourage more domestic manufacturing, and position itself as an isolationist in global matters. Let’s not forget, the need to stay on top of the latest news from reputable sources will be important as well.
The recent announcement by President-elect Donald Trump to impose a 25% tariff on all imports from Canada and Mexico has raised significant concerns among Canadian business leaders and policymakers. trade, particularly affecting exports and the freight industry. Impact on Canada-U.S. billion CAD in 2022. Here are some of the parallels.
Russian crude offers China both a reliable energy source and a steep discount, helping offset rising global oil prices. In 2019, he imposed tariffs on Mexico, only to drop them days later. s reliance on rare earth elements used in defense and tech manufacturing.
Reported May 29 As we continue to navigate tariffs, we're implementing various mitigation strategies, including partnering with our sourcing vendors to reduce costs. This is the result of vendors using production capabilities in multiple countries and leveraging their ability to flex sourcing options as the environment evolves.
economy, bring home manufacturing jobs, raise tax revenues and provide America leverage to renegotiate security deals with its allies. Exclusive: US considering new ship registry in US Virgin Islands, sources say President Donald Trump's administration is considering a proposal to create an international shipping registry in the U.S.
Low water levels hamper shipping in Germany's Rhine River as heat wave continues A heat wave in western Europe has lowered water levels on Germany's Rhine River, hampering shipping and raising freight costs for cargo owners due to additional surcharges as their vessels were unable to sail fully loaded, commodity traders said on Monday.
From electronics manufacturers to retail giants, companies are grappling with a complex landscape of rising duties and other supply chain challenges. The stated aim of those measures is to bolster domestic manufacturing and reduce reliance on foreign supply chains. In the U.S., In the U.S., Beyond the U.S.,
While the Trump Administration’s stated goal is to bring more manufacturing back to the U.S., tariffs present major challenges for small manufacturers and e-commerce brands. Or, if you’ve been relying on one supplier, it might be time to explore other options to diversify your sources and potentially reduce costs.
Uber Freight’s Q2 Market Update reports that, while the U.S. Uber Freight’s Q2 Market Update reports that, while the U.S. As a result, Mexico’s role in North American supply chains is becoming increasingly strategic,” the Uber Freight report, released June 6, said. qualifying for tariff-free treatment.
This creates a ripple effect, as mid-sized manufacturers go out of business due to increased competition. Recent conversations with more than 30 manufacturers across Latin America revealed a striking pattern: less than half of production planning now relies on demand forecasts.
cattle futures soared to record highs on Monday after Washington suspended cattle imports from Mexico over a flesh-eating parasite, which Mexican President Claudia Sheinbaum denounced as unfair. China-US air freight tumbles on 'de minimis' tariff; airlines adjust routes Air freight capacity between China and the U.S.
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Trade flowing across the United States-Mexico border has grown exponentially since the North American Free Trade Agreement (NAFTA) was enacted in 1994. In 2016, the value of goods traded between the two countries topped $525 billion, making Mexico the third largest trading partner of the U.S. Companies carrying freight across the U.S.-Mexico
New year, new freight market?! We’ll see… Let’s talk about the current state of the freight market and what CPG shippers are up against heading into 2025. What Could Impact My Freight in Q1? Click here for more information on how to protect your freight from freezing this winter. The primary goal of U.S.
imposed a 25% tariff on all imports from Canada and Mexico and a 10% tariff on all imports from China. Retailers and manufacturers will be forced to adapt to higher import costs while also bracing for retaliatory tariffs, which could make their exports less competitive in key markets. Trump believes these new levies will help the U.S.
RELATED CONTENT RELATED VIDEOS Global Trade & Economics Regulation & Compliance Chemicals & Energy Industrial Manufacturing Related Articles Trump Heads Toward Tariff Barrage on Canada, Mexico, China U.S. Trump also secured a truce with China to lower rates and ease the flow of critical earth minerals.
This includes the combination of cost sharing with vendors and price increases in the coming quarters and sourcing optimization in the medium to long-term. Our merchants, sourcing team, and suppliers are being creative. And then we did mention inventories -- some import coming from Canada and Mexico and the U.S.,
Mexico accounts for roughly 70% of tomatoes sold in the U.S., up from the 30% share Mexico had 20 years ago. The DOC first signaled its intention to hit Mexico with tariffs on tomatoes in April, when Lutnick announced plans to withdraw from a 2019 trade deal with Mexico. That ends today," Lutnick said.
Hunt, BNSF and GMXT Launch Intermodal Freight Delivery Service in MexicoFreight Forwarding/Customs Brokerage Digital Edition SupplyChainBrain 2025 ESG Guide: Is ESG Still Relevant? Navy Issues Rare Warning to Ships Near Vital Hormuz Strait U.K.
That’s a push for pharma companies no longer sourcing certain ingredients from China, one of the people said. Swiss Trade Deal Likely to Contain Assurances on Pharma Levy U.S. -UK UK framework deal signed in May, the draft U.S.-Switzerland Switzerland pact also agrees that the Swiss will strive to meet U.S.
What do you think about Mexico? My short answer: What do your customers think about Mexico? The study highlights the opportunity for 3PLs this way: The growth of logistics services plays a crucial role in rendering Mexico’s businesses cost competitive as compared with similar ventures globally. percent and truck by 8.8
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