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COVID Hangover, Port Funding and More News

COVID Hangover, Port Funding and More News

U.S. Ports: Let’s Have Some Funds The U.S. Department of Transportation selected 41 projects to receive $653 million in grant funding under the Port Infrastructure Development Program, part of approximately $17 billion included in a 2021 infrastructure spending bill for ports and waterways. The program was designed to improve U.S. port capacity and efficiency and, in turn, help […]

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Labor Pains Persist

Labor Pains Persist

As rising interest rates, poor economic conditions, and a talent shortage continue, optimism among manufacturing industry leaders remains low, according to a Sikich Industry Pulse: Manufacturing and Distribution report.

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Aircraft Shortage: The Plane Truth

Aircraft Shortage: The Plane Truth

Expected aircraft engine shortages will have a substantial impact on the global supply chain’s cargo capacity and more. Fewer available aircrafts, combined with growing demand for air cargo services, could lead to a surge in freight rates, significantly affecting businesses reliant on air for time-sensitive or high-value goods.

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5 Trends to Watch As We Sail Into Peak Season

5 Trends to Watch As We Sail Into Peak Season

As shippers approach what is historically retail peak season, understanding the evolving ocean market will be critical to maintaining a resilient supply chain for the long term. Here are five key trends to watch as the ocean market evolves.

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“The Great Reset”

“The Great Reset”

The State of Logistics Report, produced annually for the Council of Supply Chain Management Professionals by global consulting firm Kearney and presented by Penske Logistics, delivers a snapshot of the American economy through the lens of the logistics sector and its role in overall supply chains.

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The Risks of SMB Nearshoring

The Risks of SMB Nearshoring

Small and mid-size businesses (SMBs) are embracing nearshoring to help address supplier challenges such as unreliable delivery time frames and inconsistent product quality. But switching to nearby suppliers is easier said than done.

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Shippers Gain Confidence

Shippers Gain Confidence

What can shippers expect next quarter? BlueGrace Logistics’ Q3 Logistics Confidence Index finds these key highlights: Anticipated revenue maintained a positive trend, decreasing by only 4% across all shippers surveyed. Inventory levels measured highest at neutral and therefore are not expected to expand or contract for Q3. Order volume (sentiment) increased by 5%. That suggests order volumes […]

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