May 2022
By NNR USA In Uncategorised On 12th May 2022
MARKET UPDATE
Companies have historically invested in procurement teams tasked with squeezing their suppliers for cost savings. However, disruption has shifted the customer expectation of an organization's supply chain from most cost-efficient to most trusted and most reliable.
NNR enjoys being at the heart of our customers' experience and delivers more consistently than our larger competitors. It's in our DNA as an operator in the most efficient, reliable, and timely train market in the world, Japan!
AIR FREIGHT
Is the Market Stabilizing?
There is no doubt that limited capacity has stressed the air market, pushing cargo rates to fluctuate up to priority service pricing for standard transit times.
Read our top seven things to keep in mind when planning your airfreight shipments. Read More
Tip of the Month
Consider shipping priority service if your cargo is very urgent, particularly if shipping to Asia.
OCEAN FREIGHT
Ripple Effects Felt From Shanghai Lockdown
The extended lockdown in Shanghai has pushed carriers to plan blank sailings as demand for space has slowed. U.S. and Canadian ports are still coping with congestion, meanwhile, the much contended ILWU and PMA labor negotiations begin today. Read More
Tip of the Month
Expect a surge in export and import volume once the Shanghai lockdown is over.
Prepare your shipments ahead of time since space and equipment will be under pressure with shortages.
DOMESTIC TRANSPORTATION & WAREHOUSE
Preparing for the Shanghai Lockdown Bullwhip Effect
U.S. ports are still digging out from the Covid backlog. Are you prepared for the surge of freight coming with the holiday stock-up season? Read More
How Current is Your Distribution Center?
The rapid pace of change in technology, supply chain capacity issues, and customer expectations have changed the role of the modern distribution center. Is your DC sufficient for today's needs? Read More
CUSTOMS BROKERAGE & TRADE COMPLIANCE
Russia Sanctions Expanded on Exports
BIS further expanded sanctions on items typically covered by EAR. Check the list to see if your products now require a license. Read More
Tariffs Suspended on Ukrainian Steel for One Year
DOC announced the one-year suspension of Section 232 tariffs on steel melted and poured in Ukraine. Read More
OFAC Sanctions & Program Information
Continue to monitor sanctions and restricted parties as new entities are added daily. OFAC offers a subscribe option on their website.
Tip of the Month
To ensure proper classification of your imported products, request your suppliers to add HTS codes you determine on their Commercial Invoices or provide your nominated broker with a Parts – HTS code matrix.