UPDATED 17 APR 2023, 11:37 PM SGT SINGAPORE – Singapore’s key exports posted a much smaller drop than expected in March, but economists say that while the worst may be over, the outlook remains gloomy. Exports are likely to remain around current weak levels in the coming months, with the United States and the euro…
19 July 2021 – Thanks to the China-ASEAN Free Trade Agreement (CAFTA), more commodities from ASEAN countries, ranging from agricultural products such as mango, durian and coffee to primary and intermediate products like rubber and paper, have entered the Chinese market. In 2020, China and ASEAN became each other’s largest trading partners for the first…
22 June 2021 – The Ministry of Commerce expects the Regional Comprehensive Economic Partnership (RCEP) agreement – signed by Cambodia and 14 other countries in November – to enter into force on January 1. Ratification of the trade deal is expected to open up more new markets as well as upgrade the Kingdom’s value chains…
11 June 2021 – Suez Canal Container Terminal (file image courtesy APMT) Egypt is set to implement a new law designed to protect its territory from supply chain security threats. Following a decree issued by the Ministry of Finance in February, all importers in the country will be required to declare all cargo before leaving…
1 June 2021 – Canadian exporters must develop new strategies to deal with numerous external challenges As we all know, the pandemic has been a brutal shock. The forced closure of many parts of the economy in the first few months of 2020 plunged Canada and the world into a steep recession. What do we make of…
24 May 2021 – If suppliers in China fail to pick up freight containers to fill an order for MediaShop, Marcel Schneider gets an alert via a digital freight system, allowing the retailer to reach out and fix the problem swiftly. Before July 2020, Austria-based MediaShop’s deputy supply chain director says he would discover problems…
20 May 2021 – Dive Brief: The expansion of Target’s sortation and distribution center network, which the retailer had previously announced, will rely on multiple acquisitions it has made in recent years, COO John Mulligan said on the company’s earnings call Wednesday. As it opens up more sortation centers, the locations will use technology from Grand Junction as…
17 May 2021 – The Suez Canal is to undergo a two-year expansion project, following the weeklong closure of the channel by the stranded Ever Given container ship in March. Plans set forth to expand narrow sections of the Suez Canal have been greenlit by the Egyptian president to safeguard against future blockages. Dredgers will…
10 May 2021 – E-commerce has been a rapidly advancing trend for years, and the COVID-19 pandemic has further accelerated the growth of online sales along with the demand for e-commerce services in both B2B and B2C. To expand its expertise and complete its service portfolio, cargo-partner has purchased the German-based company Repalog – a…
8 May 2021 – Minister of Industry and Trade Nguyen Hong Dien held a working session with Cambodian Ambassador to Viet Nam Chay Navuth in Hani last Thursday to discuss measures to strengthen bilateral ties across trade, industry and energy. Dien expressed his belief that under the leadership of the Cambodian Government and with prevention…
