The impact accounts for a tiny percentage of overall U.S. imports, but it has meant surging costs and hard choices for smaller companies.

Big importers like China and India have been picking up larger volumes as western buyers abandoned the cargoes due to sanctions on Moscow for the invasion of Ukraine.

Semiconductors, which power everything from mobile phones to military hardware, are at the center of a bitter dispute between the U.S. and China.

The German air cargo hub in February registered an 11% year-on-year decline in cargo volumes to 146,620 tonnes. which were also 9.1% behind pre-COVID 2019 levels.

Paul Brashier, vice president of drayage and intermodal at ITS Logistics, discusses the impact of Lunar New Year on the supply chain, port visibility in the last two years, and what lies ahead for the supply chain industry.

South African groups say Shein deliberately sends its goods in small packages of lesser value to reduce import duties aimed at protecting local businesses.

The pullback came as the broader U.S. economy added 311,000 jobs, driven by growth in service sectors, as consumer spending shifts.

Even though opinions have moderated in the EU regarding the effect the IRA will have on European companies, some officials still warn that parts of the law are discriminatory.

Nearly two-thirds of U.S. CEOs agree that there is enough manufacturing capacity in America to address the world’s supply chain concerns.

The relocation of companies seeking to be closer to U.S. consumers has been a boon to the Mexican economy.