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MARKET UPDATE – June 2022 The global economy is fluctuating rapidly in response to the government regulations influencing the financial market. Much of the world is back to normal after more than two years of a pandemic. The global effect on the world economy, especially in commodity markets, manufacturing industries and supply chain have contributed to perceptions of a slowdownRead more

MARKET UPDATE – May 2022 On a path towards economic recovery, businesses and exporters in Shanghai are now eagerly awaiting return to normalcy after daily life and commercial activities were brought to a halt two months ago. With China’s financial capital set to gradually reopen from June, the attention of many supply chain professionals now turns to the aftermath ofRead more

China COVID-19 Updates: January 11, 2023 With the recent changes to China’s Covid-19 management strategy, the National Health Commission (NHC) of China is no longer releasing daily case numbers or classifying areas based on relevant risk levels. China’s labor force is being affected by the virus which continues to impact factory, warehouse, and trucking industries through temporary worker absenteeism. ManyRead more

MARKET UPDATE – April 2022 As destination ports in North America and Europe recover from last year’s historic congestion and delays that are still fresh in the mind of many logistics professionals, the prolonged COVID lockdown in Shanghai and the Russia-Ukraine conflict are spelling more trouble for the already strained supply chain and raising fears of another cargo logjam inRead more

Century named a 2022 Top Workplaces in Richmond Times-Dispatch Top Workplaces Century Distribution Systems, Inc., a global trusted logistics and supply chain service provider, has been named a 2022 Top Workplaces in the Richmond region, Virginia, USA, in the midsize companies (125-399) category. The award is based solely on employee feedback which measures people-centered culture such as employee engagement, their

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MARKET UPDATE – March 2022 As many areas throughout the world begin to fully reopen for international travel, all eyes are on China’s plan to cope with the largest COVID-19 outbreaks the country has faced since the early days of the pandemic during the beginning of 2020. Many supply chain professionals are worried the recent lockdowns in China could causeRead more

OCEAN UPDATE Eastbound transpacific container freight rates were largely stable, with prices remaining at an elevated level. On the spot market, ex-China rates are at $13,492 to USWC and $15,428 to USEC, while ex-East Asia rates are at $18,517 and $23,100 to USWC and USEC respectively. The backlog created during the Lunar New Year when China’s workforce ceased  operations is

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How To Minimize Costly Demurrage and Detention Charges The pandemic-driven surge in consumer spending has unleashed a series of damaging crises that have nearly paralyzed the supply chain. Persistent port congestion, in combination with shortages of manpower and equipment, are stagnating the circulation of containers and leaving shippers worldwide with fear of greeting their customers with empty store shelves. AsRead more

Market Update - January 2022 As we usher in the new year, unresolved global port congestion, labor shortages, and capacity restraints have dampened the hopes of many for a brighter supply chain outlook in 2022. While there is no indication whether these disruptions will finally ease as governments discuss varying exit strategies for the pandemic, building a supply chain thatRead more

Reducing Import Duties & Start Saving: Duty Deduction Program With rising supply chain costs, it has become more common for businesses that import goods to explore new ways to minimize unnecessary spending and improve profitability. One area of opportunity is reducing the duty paid on transportation costs. Did you know there is a range of charges possibly built into theRead more