The international shipping industry, responsible for 90% of the world’s trade, stands as a testament to the significance of logistics in bridging continents and communities. Notably, 40% of containerized trade traverses the major East-West routes, connecting Asia, Europe, and the United States, highlighting logistics’ central role in the global economy. The recent National Logistics Day...
Exploring Key Trends in Retail and Food & Beverage Supply Chains for 2024
The retail and food & beverage industries are dynamic sectors that continuously evolve in response to various factors such as e-commerce growth, pandemic disruptions, and changing consumer behaviors. At Coral & Friends, we pride ourselves on our extensive experience in these sectors, offering unique insights into the latest trends shaping these industries. We recently convened...
Strategies for the Transportation Industry in the Event of a Government Shutdown
With the potential of a government shutdown looming on October 1, 2023, the transportation industry must brace for possible impacts. Drawing from past shutdown experiences, here are key considerations and proactive measures transportation professionals can take: Despite these challenges, it’s important to remember that freight will continue to move even during a government shutdown. However,...
Navigating Import and Export Requirements for U.S. Insular Possessions and Customs Territories
The importation and exportation of goods to and from U.S. insular possessions and customs territories involve specific requirements that vary based on the destination. Understanding these distinctions is crucial for businesses to ensure compliance with customs regulations. U.S. Customs Territories U.S. Insular Possessions Exceptions Exporting to Insular Possessions and Customs Territories In summary, companies dealing...
Navigating the Extended Ocean Contract Season and Evolving Market Dynamics
The ocean contract season of 2023 has stretched unusually long, merging into the retail peak season. This elongation reflects shippers’ increased diligence in planning, influenced by recent years of high transportation costs and tight capacity. Understanding both short and long-term market dynamics is essential for effective decision-making during this prolonged contract period. Key Considerations in...
ניהול שרשרת אספקה
In the intricate ballet of global commerce, supply chain management is the choreographer, ensuring each element moves in harmony to create a seamless performance. At Coralandfriends, we specialize in orchestrating supply chain excellence, providing comprehensive solutions that synchronize every link in the chain, from suppliers to end consumers. 1. Strategic Planning and Optimization: Our approach...
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