Globalization strikes back after COVID carnage
“While critics of globalization might have jumped the gun with their dire predictions, the pandemic has shown just how vulnerable firms can be in a globalized world, especially if they don't keep a proper tab on their suppliers. Supply chain experts say the current outbreak could prompt companies to make their supply chains more resilient by boosting inventories, enlisting alternative suppliers — likely closer to destination markets — and using data and technology to keep a better tab on even their lowest-tier suppliers and customers.”
[Deutsche Welle]
TSA to propose scan-all alternative for air cargo security
“The international standards, scheduled to go into effect June 30, require all cargo on dedicated freighter aircraft to be physically screened for explosives, as has been done the past decade for shipments traveling on passenger aircraft. Other governments could block flights or subject cargo to lengthy inspections upon arrival for countries that don’t comply.”
[FreightWaves]
Britain, Turkey reach post-Brexit free trade agreement
“The deal, which will come into effect on Jan. 1, aims to support trade between the two countries which was worth more than $25 billion in 2019. It is one of many post-Brexit trade deals the British government is pursuing with nations around the world and came days after it finalized a trade agreement with the EU.”
[Associated Press]
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