Within three or four years, Aurora and its competitors expect to put thousands self-driving trucks on America’s public freeways. The goal is for the trucks, which can run nearly around the clock without breaks, to speed the flow of goods, accelerating delivery times.
Tag: supply chain
Container Shipping Rates Spike as Red Sea Crisis Draws First Blood
For cargo importers, the outlook is now clear: higher freight costs and longer delays. For liner profits, sentiment is increasingly bullish — but there are uncertainties.
Trade Credit Insurance: In Gear to Keep Global Economy and Supply Chains Moving
Trade flows are down as the global economy slows. At the same time, geopolitical risks are leading to fragmentation of trading relations. In the near term, Swiss Re expects that rising counterparty risk on account of economic slowdown will support prices, and thereby growth in trade credit insurance (TCI).
Supply Chain Challenges Will Complicate Rebuilding Efforts after Ian
The difficult task of rebuilding communities devastated by Hurricane Ian is expected to be exacerbated by a problem that has persisted since the pandemic’s inception: clogged supply chains. After landing as one of the strongest storms to hit the United States, Ian wreaked havoc across Florida, knocking out power to more than 2 million homes… Continue reading Supply Chain Challenges Will Complicate Rebuilding Efforts after Ian
U.S. Companies Face Hurdles in Moving Production Closer to Home
Experts warn that companies using nearshoring strategies to strengthen their supply chains may be bringing production problems closer to home. Importers in the United States who are considering shifting their sourcing from the Asia-Pacific region to Mexico and deeper into Latin America are finding it more difficult to find suppliers with the right raw materials,… Continue reading U.S. Companies Face Hurdles in Moving Production Closer to Home
Suppliers Reluctant to Ship Goods Without Credit Insurance
Gold Medal International is sitting on millions of dollars worth of socks at its North Carolina warehouse that it can’t ship to stores. The reason? The 66-year-old family-owned sock maker can’t get enough credit insurance to cover potential losses if the stores can’t pay for the goods they’ve ordered. Without that insurance, Gold Medal —… Continue reading Suppliers Reluctant to Ship Goods Without Credit Insurance
The Role of Credit Insurance During Coronavirus
The cessation of business as usual resulting from the effects of Coronavirus has shattered confidence in normal business relationships and triggered a recession. Credit insurance can help fill this confidence gap. Credit insurance protects an insured company’s accounts receivable from loss due to credit risks such as protracted default, insolvency or bankruptcy. Insured companies are… Continue reading The Role of Credit Insurance During Coronavirus
Coronavirus Slows But Won’t Halt Shipping’s Focus on Global Trade
The coronavirus pandemic has exposed the fragile nature of businesses and economies built on the flow of goods around the world, with supply chains rattled by factory shutdowns, expensive ships sitting idle and cargo terminals closed for the lack of trade. That has led to growing calls by world leaders to rein in global supply… Continue reading Coronavirus Slows But Won’t Halt Shipping’s Focus on Global Trade