The Friday Report: November 30th, 2018Quick wrap up of a few hot topic newsworthy stories in the supply chain logistics industry
Countries Across Asia Reaping the Benefits of Chinese Tariffs
U.S. tariffs imposed on China are having an impact across Asia, creating the most significant shift in
Shifting supply chains, done now out of fear may result in
Reuters reported after conducting interviews with a small number of executives indicated frenetic activity across Asia in the past few months. Flush with activity, South Korea, Vietnam, Cambodia
GM CEO Going to Capitol Hill over Plant Closures
Lawmakers from Ohio and Michigan as well as senior members of Congress plan to meet with Barra and have been criticizing GM on a bipartisan basis. New incoming members of Congress will also hear from Mary Barra at a forum at Harvard University next week.
GM plans to stop production in 2019 in plants near Youngstown Ohio, Detroit Michigan
New China-Europe Road Service Launches
A new initiative spearheaded by CEVA Logistics Greater China, the IRU and CEVA partners Alblas and Jet-rail provides a 10-15 day lead time, 50% faster than rail between China and Europe. This first successful trip aligned with the recent implications that support China’s Belt and Road Initiative.
The new system has been demonstrated to be secure and highly competitive in terms of cost and time savings.