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Ocean Transportation: Page 206

Trust Elements in the Global Supply Chain

Conceptually, supply chain "risk" is used to denote perils, loss, dangerous occurrences, hazards, and even vulnerabilities. Risks include everything from management functions to fraud, to fundamental honesty and loyalty issues encompassing every aspect of an organization's status and operations. In addition to the firm's built-in management risks, the international supply chain provides additional third-party risk elements such as foreign shipper practices, carrier practices, weather, foreign government involvement, unforeseen disruptions in the process, timing, language, cargo quality and quantity, even payment issues.

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How Monster Products Copes With Volatile Demand

When it comes to high demand volatility and difficulty in forecasting, few industries match the world of consumer electronics. And Monster Products, the maker of high-quality cables and other accessories for computer, video and sound systems, faces a challenge that's especially daunting. For much of its product line, the company depends on the ever-changing nature of big-ticket items like PCs and flatscreen televisions, not to mention the fickle tastes of consumers. Now add thousands of SKUs to that mix, and you have a forecasting effort that can be brutally complex. In this interview, conducted at eyefortransport's Hi-Tech & Electronics Supply Chain Summit in San Francisco, director of materials Jennifer Hochstatter spoke with managing editor Robert J. Bowman about how Monster Products approaches the problem of prioritizing supply for its extensive product line, and ensuring forecast accuracy for the most critical customers.

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Damco CEO Discusses North American Logistics Market

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New Free Trade Agreement Between EU and Japan Is Very Promising

The EU has recently announced the official launch of negotiations for a free trade agreement with Japan. The agreement would cover goods, services and investment, and would eliminate tariff and non-tariff barriers, and cover other trade-related issues, such as sustainable development, regulatory issues, competition and public procurement.

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Where Is All the Near Sourcing That We Have Heard So Much About?

During the past few years much has been reported about the transfer of manufacturing from Asia to countries located closer to western markets, but much of it appears to be hype over substance.

Norbert Dentressangle Extends Representation to Vietnam

The freight-forwarding division of Norbert Dentressangle has set up a representative office in Vietnam.

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The Supply Chain's Next Stop Is Full-Service Security Screening

Regardless of the goods that are being shipped - from electronics to pharmaceuticals to fruit - once released into the supply chain, they are immediately at risk. And the longer they are in transit, the more vulnerable those goods become - facing threats of terrorism, of theft, or even of a natural disaster. Until the cargo arrives safely at its final destination, there are an inordinate number of things that could jeopardize the supply chain from running smoothly.

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Money May Be Short Now, But Carriers Haven't Lost Appetite for Large Ships

Drewry's research shows that the average size of vessel deployed between Asia and North Europe now exceeds 10,000 TEUs for the first time. Orders for Ultra Large Container Vessels (ULCVs) have been quiet recently, but the pace of growth in vessel sizes will continue to outstrip cargo growth for the foreseeable future.

Moeller-Maersk CEO Predicts China to Ramp Up Its Imports

The head of A.P. Moeller-Maersk A/S, owner of the world's biggest container shipping line, said China's efforts to boost domestic consumption and pare reliance on exports will help carriers as imports into the country may gain.

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Is the Government Going to Sink U.S. Maritime Industry?

Congress and the Administration do not understand the relationship between the U.S. merchant fleet, the military and trade. This lack of understanding has created haphazard policies that are gutting the fleet and inhibiting the private sector's ability to recapitalize our aging maritime industry. The time for action is now. Congress and the Administration are considering budget proposals that, if unopposed, would destroy the U.S. maritime industry and hand over our maritime supremacy to foreign carriers.

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E-Invoicing, Slow to Catch on in Ocean Transportation, May Be Gaining Steam

In a digital age where a delay of seconds or one human error can be the cause of lost revenue, wasted resources or unhappy customers, good technology becomes critical to run a business. Twelve years after the ocean shipping industry adopted e-commerce tools that resulted in an average savings of $100,000 per year and hundreds of thousands of labor hours per week, the final steps in the shipping process - invoicing and payment - are still catching up.

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Hanson Logistics Marks Third Expansion of Chicago Consolidation Center

Hanson Logistics has launched the third phase of a program to expand its temperature-controlled Chicago Consolidation Center, located in Hobart, Ind.

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Photo: iStock/Anastasiia Yanishevska

How a Leading U.S. Floral Distribution Company Reduced Warehouse Labor Costs by 45% with RFID

Recycled Tagging Fasteners: Small Changes Make a Big Impact

Mobile geolocation service for track delivery, cargo shipment and freight transportation. Logistic Import Export business (Elements of this image furnished by NASA)

Enhancing High-Value Electronics Shipment Security with Tive's Real-Time Tracking

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