Over the next two years the percentage of U.S.-serving supply chains located in North and South America will rise to 69% from 59%, according to the findings of a KPMG survey of 250 U.S.-based executives from companies with annual revenues of $1 billion or more. Mexico tops the countries poised to enjoy gains, with its share poised to rise to 36% from 27%.
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GEP’s September report shows the highest level of global supply chain spare capacity since July 2023, indicating ongoing economic weakness. GEP’s Global Supply Chain Volatility Index (GSCVI) for September has dropped to its lowest point in 14 months.
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Eric Hoplin, CEO and President of the National Association of Wholesaler-Distributors warned that American consumers and businesses should expect to “feel the pinch” if the International Longshoremen’s Association (ILA) decides to move forward with a strike at East Coast and Gulf ports. According to Hoplin, if the ports were to shut down for a single day and remain closed for three to five days, the American economy could take a $3.7 billion hit “every single day.”
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President Biden does not intend to invoke the federal Taft-Hartley Act to prevent a port strike on the East Coast and Gulf of Mexico if dockworkers fail to secure a new labor contract by an October 1st deadline, an administration official said on Tuesday.
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Determined to thwart the automating of their jobs, about 45,000 dockworkers along the U.S. East and Gulf Coasts are threatening to strike on October 1st, a move that would shut down ports that handle about half the nation’s cargo from ships.
Ahead of a potential labor strike at East Coast and Gulf Coast ports, the nation’s major container ports are expected to see another busy month in September, according to the Global Port Tracker report released on September 9th by the National Retail Federation and Hackett Associates.
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Transportation capacity grew significantly in August, with the Logistics Managers’ Index recording a 56.7 reading, up 5.8 points from July, with the overall index remaining stable at 56.4, reflecting a gradual expansion in the logistics sector.
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The global container shipping industry saw profits surge to more than $10 billion in the second quarter on record volumes and rising freight rates after Red Sea diversions, according to a report released August 31st by industry veteran John McCown.
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The U.S. Department of Transportation (DOT) has awarded $3.5 million in grants to commercial driver training programs at 27 colleges, in a bid to open up more career pathways for the trucking industry.
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Canada’s industrial relations board on Saturday ordered striking rail workers back on the job and imposed binding arbitration to settle labor disputes at two major freight carriers that threatened to upend the North American economy.
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World Millwork Alliance (WMA) 54 TH Annual Convention & Tradeshow will hold its’ premier event at the Memphis Cook Convention Center from September 11-15, 2018. WMA will offer Veterans and Students complimentary access to the exhibit hall during Millwork Career Day on Friday, September 14, 2018 during the show hours of 10:00 a.m. – 3:30 p.m.
WMA welcomes Veterans and Students to explore a career in the millwork industry. Learn from worldwide millwork professionals while viewing the finest millwork products. Meet with industry distributors and manufacturers about the opportunities in a millwork career.
Pre-registration for a name badge is available by completing a WMA Registration Form. Any local Student or Veteran who has pre-registered will pick up their complimentary “Expo – One Day Pass” with a valid student ID or Veteran ID at the WMA registration desk in the Memphis Cook Convention Center.
Veterans must show a Veteran’s Administration (VA) identification card to receive an “Expo-One Day Pass” and to gain entrance into the exhibit hall on Friday, September 14, 2018.
Students must show a valid Student photo I.D. card to receive an “Expo-One Day Pass” and to gain entrance into the exhibit hall on Friday, September 14, 2018.
Pre-registration is open until August 13, 2018; thereafter, registration is onsite at the WMA registration desk in the Memphis Cook Convention Center.
