The following announced levels from carriers are for upcoming General Rate Increases (GRI). Additionally, you will find Bunker Fuel Level updates as well as the Low Sulphur Levels for the 2nd quarter of 2018.
President Trump Proposes Increased Tariffs on China Imports
Based upon an investigation by the United States Trade Representative (USTR) under section 301 of the Trade Act of 1974, as amended (the “Act”) (19 U.S.C. 2411) President Trump issued a Memorandum on March 22 stating he will impose about $60 billion worth of annual tariffs on Chinese imports as a result of China’s laws, policies, practices, or actions that may be unreasonable or discriminatory and that may be harming American intellectual property rights, innovation, or technology development. The tariffs, which the United States trade representative will publish within 15 days, will target 1,300 lines of Chinese goods — everything from shoes and clothing to electronics, administration officials said. Under the terms of the memorandum, the President ordered a 60-day consultation period, which will give industry lobbyists and legislators a chance to water down a proposed target list.
The most recent Nor’easter of the season is impacting logistics from Washington D.C. to Boston.
The latest storm summary from NOAA (National Oceanic and Atmospheric Administration) shows snow accumulation throughout 9 states, with some of the heaviest accumulation for Virginia, West Virginia, Maryland, Pennsylvania, New Jersey and New York.
With snow expected to continue for the New York and New Jersey, and Washington D.C. areas from Wednesday into Thursday, there have already been hundreds of flight cancelations and port closures. Below is a summary of what is being reported as of Wed (3/21).
Source: National Retail Federation
Imports at the nations’ major retail container ports are expected to dip slightly this month, but that’s the result of annual Asian factory shutdowns for Lunar New Year rather than new tariffs on steel and aluminum imposed this week, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. Nonetheless, those and other tariffs could eventually have an impact on the ports.
The President announced today that he concurred with the Commerce Department’s findings in its Section 232 investigations that imports of steel and aluminum impair national security. Pursuant to the recommendations contained in the Commerce Department’s Report, the President ordered a 25 percent ad valorem tariff on steel articles and a 10 percent ad valorem tariff on aluminum articles, as defined below, imported from all countries except Canada and Mexico. These additional duties will be effective with respect to goods entered, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on March 23, 2018.
- How long have you worked within the supply chain industry?I have been in supply chain for the last five years, prior to that I worked within the insurance industry.
- How long have you worked at MIQ Logistics?
- What do you value most about working at MIQ?
The global MIQ staff that I collaborate with every day. This includes both the IT and operational staff here in the United States, Hong Kong and the United Kingdom. They are all very passionate about their work and come together as a team in support of our customers and MIQ initiatives.
- How has your career grown since joining MIQ? How has MIQ supported you in this growth?
I was hired 5 years ago as an IT Business Analyst to assist in the enhancement and maintenance of our back end office applications. The leadership team recognized my contributions and asked me to lead larger-scale software implementations. Today I am the Director of US Global Applications.
- One of our core values is “Exceeding Customer Expectations”; how do you feel you or your team fulfills this core value?
I lead the US Global Applications team which is part of MIQ’s larger information technology group. The team partners closely with MIQ’s key operational stakeholders in support of our Freight Forwarding, PO Manager and Warehouse applications. Together we listen to the voice of the customer to provide superior technology; which is so important in today’s business world.
- What do you do in your free time when you’re not part of solving logistics challenges? I spend my time with friends and family, hike as much as possible, knit and volunteer for non-profit organizations.
- How is the supply chain industry changed during your career? And how has MIQ evolved to support those changes? In the past five years, our customers, customers’ partners and carriers are looking for more innovative information management and other technology solutions to support their supply chain. MIQ continuously evaluates the demand and responds by implementing new technology services and hiring skilled staff to improve quality, reduce costs and streamline processes for these supply chain organizations.
- How does MIQ support you and your team in developing innovative solutions for our customers? I am a big proponent of process improvement, for both MIQ and our customers. With many years of both business analysis and process improvement experience, MIQ has provided me the opportunity to rollout techniques to understand current activities, identify areas for improvement and manage these ideas through implementation.
On February 28th, the International Cyanide Management Institute announced that MIQ Logistics Peru International Supply Chain has been certified to be in full compliance with the International Cyanide Management Code (Cyanide Code).
This is a follow-up to our February 22, 2018 Supply Chain Alert regarding the Commerce Department report on the results of the Section 232 investigation concerning the effects of imports of steel and aluminum on national security. The President is required to make a decision on the steel recommendations by April 11, 2018, and on the aluminum recommendations by April 19, 2018.
Source: Institute for Supply Management
Economic activity in the manufacturing sector expanded in February, and the overall economy grew for the 106th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
The following announced levels from carriers are for upcoming General Rate Increases (GRI) and Peak Season Surcharge (PSS). Additionally, you will find Bunker Fuel Level updates as well as the Low Sulphur Levels for the 1st quarter of 2018.