By 2050, Texas trade with Mexico is expected to exceed 1.5 trillion dollars. Without updated and expanded infrastructure in both countries, we could be looking at $116 billion in lost GDP.
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In the last year, Private Equity deals in the US supply chain totaled over $20 billion. E-commerce is a prime landscape because it's also nurturing innovation. As focus intensifies on supply chain resiliency, opportunities for both Private and Venture Capital will continue to flourish.
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For years, retailers embraced what is called the Just-in-Time Model (JIT) when it came to stocking inventory. With the boom in e-commerce and supply chain complications, many companies have turned from JIT to JIC. Traditional warehouse solutions may no longer be viable as a singular option, welcome Warehousing On-Demand.
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The last few years have brought massive changes to the supply and demand landscape. Retailers have struggled to keep up, and now, the trend has swung in the other direction. A 3PL solution could help with inventory slack and constraints. SecurCapital has resources to help overcome seasonal and economic cycle challenges.
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In July, the US Chamber of Commerce hosted the 12th US-Mexico CEO Dialogue. Its purpose was to discuss the benefits and challenges of implementing the US-Mexican-Canada Agreement. The main points of the USMCA are to create a more level playing field for American workers and protect U.S. intellectual property.
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The GreenVoyage2050Project is a partnership between the International Maritime Organization (IMO) and Norway. The study found that adjusting speed for JIT saved on average 14% of fuel. Standardized supply chain data has been a key point in optimization conversations for years.
Read MoreThe US Department of Customs and Border Protection (CBP) has released a Green Trade Strategy. It also aims to strengthen environmental enforcement and drive meaningful changes in trade agreements.
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The Air Movement and Control Association (AMCA) has announced the results of a twelve-month-long study on the effects of ceiling fans on the aerosol transmission of airborne pathogens. High-speed operations of two 20-foot fans in a warehouse decreased the number of infectious particles in the air, and therefore minimized risk of transmission.
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Supply chain issues have been a burgeoning plague on industry. Many companies are looking at solutions that could bring jobs and goods back to North America. This process is called "reshoring" or "nearshoring,". The Reshoring Initiative defines the practice simply as bringing manufacturing and services back from overseas.
Read MoreDigital sustainability is defined as the tools of digitization that support sustainable business operations. Maritime companies are already moving toward digitization for efficiency, sustainability, and crew safety.
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There are still too few offices that work in paper-free operations. Logistics companies need to prepare for contingencies for errors so their move away from analog systems would be smoother. Digital improvements won't help or hinder the people who work in the industry.
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The Kids Matter Charity Ball is the organization’s largest annual fundraiser to support the many programs and partnerships we have to serve their mission.
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The USMCA, a close cousin to its predecessor NAFTA, made it so that a strong learning curve wouldn’t be necessary, keeping processes flowing and issues at a minimum by following the key points on rules of origin and the nine data elements necessary to create a Certificate of Origin.
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“Just-in-time” supply chains are being pulled into question as pandemic-related issues such as product shortages cause lean strategies to play a part in the strained availability of manufacturing components and consumer goods.
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