The Great Supply Chain Disruption has turned shipping terminals into volatile zones full of uncertainties and best guesses. Nearly two years into the Covid pandemic, reliable planning is still next to impossible at every point of the supply chain.
Over the years, the general perception has been that e-commerce is an expected choice of marketing for only well-established retail brands. There has been a drastic change in the business strategy of local businesses who have been successfully navigating their operations to online platforms.
South Korea has announced a mega investment of $451 billion over the next 10 years to boost the semiconductor ecosystem. India is also exploring ways to attract electronic chipmakers but it has not announced its plan.
Unless spending snaps sharply back to services or something else leads people to stop buying so much it could take deep into 2022 or even 2023 before global supply chains regain some semblance of normalcy.
A sampling platform is out to revolutionise the marketing system in India by bridging the trust deficit between consumers and producers. It is proving to be a win-win for the manufacturer and the buyer.
There's good money be made from delivering coal, which broadly accounts for about 30% of cargo volumes and has hit record prices amid a shortage of fuel including natural gas to provide the power needed by a global economy recovering from a pandemic.
Apple Inc and Microsoft Corp have hoisted bright red banners on their websites telling online shoppers to get their holiday presents for delivery as soon as possible on some of their newer, more expensive products.
Bulgaria, Ukraine, Morocco and Turkey were some of the countries drawing new interest from clothing and shoe producers, though China continues to produce a large share of the apparel for US and European clothing chains.
The Commerce Ministry initiated post-shipment credit as a short-term trade finance solution to help exporters tide over their working capital requirements for the time between dispatching goods and receiving payment from overseas buyers.
In 2020, the FMC said importers should not be hit with demurrage or detention charges, which refer to fees charged when importers delay in picking up containers of goods and then returning them, if the delays are caused by circumstances beyond their control.
Supply constraints were worsened by a wave of coronavirus infections driven by the Delta variant over the summer, especially in Southeast Asia. Congestion at ports in China and the United States was also causing delays in getting materials to factories and retailers.
Barley prices are largely to blame for the rising beer costs, after dry weather scorched fields in North America, which typically produces enough barley to account for about 20% of global commercial beer production.
The leaders emphasized the need for security, especially in technology supply chains, and for fair and sustainable labour conditions and said they would work with the private sector to reach these goals.
The Maersk Mc-Kinney Moller Center for Zero Carbon Shipping said such a levy could be introduced initially at as low as $50 per ton of CO2, with the revenue raised being earmarked for first-movers in the industry to incentivise research and development of alternative fuels.
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The objective is to drive a special awareness campaign for the development of financial services in the country and to accelerate credit growth, improve penetration of social security schemes and drive digital banking push.