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Insights and Expectations for the Shipping Industry in 2024

MTS Logistics

As we approach the conclusion of 2023, the maritime shipping industry faces challenges that have impacted ocean carriers with declined profits and increased price-driven competition. However, here is my take in terms of what to expect for ocean shipping and in the broader shipping industry.

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Navigating the Future: The Rise of Electronic Bill of Lading (eBL)

MTS Logistics

The eBL, a digital version of the traditional bill of lading, is reshaping the way businesses manage and streamline their shipping documentation. The bill of lading is a crucial document in the shipping industry, serving as a receipt of goods, a contract of carriage, and a document of title.

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Navigating a Lost Bill of Lading (BOL) with Courier Companies in International Trade

MTS Logistics

The global shipping industry heavily relies on accurate and timely documentation, such as the Bill of Lading (BOL), to transport an astounding 11 billion tons of cargo annually. However, supply chain disruptions caused by document delays or loss can have severe financial consequences for businesses. million per event.

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The Global Trade Compliance Market is Crazy!

Logistics Viewpoints

At SAP their solution is developed by their governance risk and compliance team. Global trade services is one of 4 pillars of GRC at SAP, the others being enterprise risk and compliance, identity and access governance, and cybersecurity. There can be big fines for noncompliance with trade regulations. Treasury Department.

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Marijuana Supply Chain: Profits and Headaches

Logistics Viewpoints

All told, from these states, the recreational marijuana industry is poised to produce over $25 billion in revenue in 2023 (and that is a conservative estimate). There are two major industries that are impacted by marijuana testing: transportation and warehousing.

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Supply Chain Quality: A Driver for Digital Transformation

Talking Logistics

Ensuring receipt of Certificate of Analysis (CoA) and other regulatory compliance documentation has made digitization a requirement for customer service, audit management, and compliance. If a process manufacturer ships a product without the correct or missing documentation, a substantial and costly non-compliance fine is imposed.

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Marijuana Supply Chain: Profits and Headaches

Logistics Viewpoints

All told, from these states, the recreational marijuana industry is poised to produce over $25 billion in revenue in 2023 (and that is a conservative estimate). There are two major industries that are impacted by marijuana testing: transportation and warehousing.