The week of February 24 – March 2, 2023 was a busy one for the global supply chain. With a number of new developments, the industry saw a number of changes that could have a lasting impact on the way goods are moved around the world. Here is a summary of the key events from the week:
1. The International Maritime Organization (IMO) announced that it would be introducing new regulations for the shipping industry. These regulations are designed to reduce emissions from ships, and are expected to come into force in 2023. This could have a major impact on the cost of shipping goods around the world, as well as reducing the environmental impact of the industry.
2. The European Union and China signed a new trade agreement that will reduce tariffs and other trade barriers between the two countries. This could lead to increased trade between the two regions, and could have a major impact on global supply chains.
3. Amazon announced that it was launching a new program to help small businesses get their products to customers faster. The program, called Amazon Prime Air, will use drones to deliver goods to customers in certain areas. This could revolutionize the way goods are delivered, and could have a major impact on the global supply chain.
4. The World Trade Organization (WTO) announced that it would be introducing new rules for e-commerce. These rules are designed to make it easier for companies to do business across borders, and could have a major impact on global supply chains.
5. The United States and Mexico signed a new trade agreement that will replace NAFTA. This agreement could have a major impact on the way goods are moved between the two countries, and could have a major impact on global supply chains.
Overall, it was a busy week for the global supply chain, with a number of new developments that could have a lasting impact on the way goods are moved around the world. It will be interesting to see how these changes play out in the coming months and years, and how they will affect global supply chains.
Source: Plato Data Intelligence: PlatoAiStream