The latest on Russia sanctions from the International Trade and Supply Chain Team
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According to the American Trucking Association, there is a current shortage of about 51,000 drivers which is impacting U.S. retailers, and it is predicted to get worse in the coming years. The driver shortage is leading to delayed deliveries and higher prices. Also coupled with driver shortages are equipment shortages, including in the maritime container/chassis environment. Many, if not most, retailers are subject to seasonal cycles where timely delivery is key to a “make it or break it” year. Other retailers, such as e-commerce retailers and other lesser known industry groups (the animal feed industry, for example) do not have seasonal peaks, but a substantial percentage of these industry segments have same day or next day delivery requirements essentially on an on-going basis. The retailer industry, including e-retailers, are looking to different solutions for addressing these real bottom-line issues—i.e., getting all kinds of goods to customers in a timely manner.
Continue Reading Retailers: Thinking Outside the Box to Address Driver and Equipment Shortages

On Wednesday, August 16, Canada, Mexico, and the U.S. began the opening round of renegotiations to NAFTA in Washington, D.C. The opening round lasted through Sunday and was largely closed-door; however, the U.S. put forth its objectives for the negotiations last month. The three top negotiators, U.S. Trade Representative Robert Lighthizer, Canadian Foreign Minister Chrystia Freeland, and Mexican Economy Secretary Ildefonso Guajardo, began the day with opening statements.
Continue Reading NAFTA Renegotiations Kick Off