The "China Plus One" program is a business strategy, originally adopted by multinational corporations to diversify their supply chains and manufacturing operations beyond China, while still maintaining a presence in the country. It's essentially about not putting all your eggs in one basket, particularly when that basket is China. Where Did It Originate? The concept of…
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IHSA Shippers Association
Let the International Housewares Shippers Association help you reduce your ocean container freight costs!Navigating a Dynamic Landscape in China and Southeast Asia
The evolving landscape in China and Southeast Asia, while presenting new complexities, also offers opportunities for IHA and IHSA members to adapt and succeed. This year's contract negotiations, although responses by carriers were later than usual, may provide valuable insights that could enhance our future strategies and lead our carriers toward a course correction. We…
CONTINUE READINGUncertainty Delays Signing of Annual Service Contracts
The ongoing trade war between Washington and Beijing, including decoupling tariff rates and USTR 301 increases in port fees and charges, is causing uncertainty and delaying the signing of annual service contracts between ocean carriers and importers, primarily in the eastbound trans-Pacific trade. When will we see a reduction in the tariffs with China? As Yogi Berra once…
CONTINUE READINGRate Levels: Uncertainty
We've seen some interesting movements in ocean freight rates lately. It seems like carrier capacity control has been a bit lacking since the Chinese New Year, with a 14% year-over-year increase in capacity. To get those spot rates back in line, carriers are starting to blank/void sailings, which is something we're already observing. And hold onto your hats, because carriers…
CONTINUE READINGU.S. Trade Actions Aimed at China’s Maritime Dominance: What It Means for Shippers
The U.S. government has proposed some major trade actions targeting China's dominance in the maritime, logistics and shipbuilding sectors. Both the Biden and Trump administrations have been investigating this issue, and now things are heating up. The United States Trade Representative (USTR) has proposed some hefty fees on Chinese-built vessels entering U.S. ports. They're also…
CONTINUE READINGContract vs. Spot Rates: Which Will Win in 2025-26?
As we head into 2025-26, the question on some shipper's mind is: contract or spot rates? While spot rates might seem tempting with their short-term savings, history shows that contract rates are the true winners of the long-term race. Don't be fooled by the lure of a few dollars saved today, as it could lead to millions lost down the road. Why Contract Rates Reign…
CONTINUE READINGThe 2025 Tides of Global Trade: Are You Ready?
Your Executive Director here, back with another update from the ever-exciting world of ocean freight. If there's one thing we've learned, it's to expect the unexpected! Just when we thought we had a handle on things, the ILWU and USMX threw us a curveball with their tentative agreement. Now, the challenge is getting it finalized. But that's not the only wave we're…
CONTINUE READINGWhat You Need to Know About the 2025-26 Shipping Season
As we sail into the new year, it's time to batten down the hatches and prepare for some potential choppy waters. Here's the latest on the looming port strikes and a rundown of what you need to know about the 2025-26 shipping season. Port Strikes: A Storm on the Horizon? Remember the port strike in October? Well, we might be facing another one soon. The current contract…
CONTINUE READINGShipping Challenges in 2025
The year 2025 is shaping up to potentially be a wild ride in container shipping. From potential strikes to looming increased tariffs and Chinese New Year, there's a lot to keep an eye on. Let's break down the key challenges and see how they might impact your supply chains. East Coast Showdown: The ILA Contract Negotiations The International Longshoremen's Association (ILA)…
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