The parent of the largest global ocean container shipping line, A.P. Moeller Maersk has reported Q4-2017 and full-year 2017 financial performance. The global firm’s CEO characterized 2017 as “an unusual and eventful year” and lamented to business media that global ocean container shipping rates are still too low.
Global trade trends
This Supply Chain Matters commentary reflects of announcements made by the Trump Administration to slap steep tariffs on the importing of solar panels and washing machines into the United States. The takeaway from this week’s trade actions by the United States is the potential trip wire of cascading retaliatory actions that can impact existing industry supply chain sourcing and manufacturing strategies.
Supply Chain Matters provides a deep-dive perspective on the ten outlined 2018 Predictions for Industry and Global Supply Chains unveiled in mid-December. In this installment, we dive into 2018 Prediction Six: Make America Great and Changing Global Trade Policies Will Provide a Challenging Tactical and Strategic Landscape for U.S. and Global Manufacturers.
Trade representatives of Canada, Mexico and the United States completed another five days of NAFTA re-negotiation talks this week which were hosted by Mexico. After this fifth round, the overall mood of these talks remains far less optimistic for a successful overall outcome.
We advise members of Accenture Academy that Supply Chain Matters Founder and Executive Editor Bob Ferrari will be delivering an upcoming trendTalk web seminar fittingly titled: Managing Supply Chain in a Volatile Geopolitical Era. This exclusive trendTalk is scheduled for September 20 at 10 am Eastern time.
The importance and implications of existing or future supply chain management sourcing strategies continue to be brought to light. Geo-political forces surrounding global trade are likely to occupy the attention of many industry supply chain teams, all of whom must be prepared to deal with near or longer-term implications.