Hurricane Ian is expected to impact Central and South Florida on Wednesday, September 28th. All South Florida Ports, to include both the Port of Miami and Port Everglades have been closed in anticipation of the storm. All airports, including Miami International airport, have already canceled a majority of flights ahead of the expected deteriorating conditions. Supply chain delays should be expected until weather conditions improve.
News / Supply Chain Alerts
Florida has been under a state of emergency since Saturday afternoon, warning that residents could see power outages, fuel disruptions and flooding.
Truck drivers unite in protest across South Korea slowing major ports and container depots. This strike comes at a time when the global supply chain struggles to recover from Russia’s invasion and lockdowns in Chinese cities. Although not all the nations drivers are choosing to participate, the rallies threaten to slow the pace of South Korean exports of consumer goods if they continue for weeks, local media said.
Starting Wednesday June 1st, Shanghai officials will begin to re-open China’s largest city after a long two-month COVID lockdown. The lockdown was initiated during China’s worst wave of infections since the beginning of the pandemic.
The contract negotiations between the ILWU and PMA began May 10th in San Francisco. It has been posted on a few trade publications that the ILWU requested to suspend further negotiations until June 1st. The following are the key points:
On April 8th, 2022, President Biden signed into law HR 7108 to remove the Permanent Normal Trade Relations (PNTR) status with Russia and Belarus. The removal of Permanent Normal Trade Relations status includes the withdrawal of “most favored nation” tariffs and will result in higher tariffs on the import of goods from Russia and Belarus.
On Tuesday March 22nd, the United Sates and the United Kingdom announced in a Joint Statement on Trade In Steel and Aluminum that the US would remove the section 232 tariffs and the UK would suspend related tariffs on US products.
Dear colleagues & partners,