Source: National Retail Federation
Imports set a second all-time monthly record high this summer as retailers brought in merchandise for the busy holiday season, and are continuing at unusually high levels this month, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
News
Generalized System of Preferences (“GSP”) Expires December 31, 2017
The Generalized System of Preferences (“GSP”), first implemented on January 1, 1976, periodically expires and must be renewed by Congress to remain in effect. The most recent GSP reauthorization (H.R. 1295) expires on December 31, 2017. Although Congress let the program lapse for two years past the previous expiration date of July 31, 2013, we are not aware of any current effort to end the program. But it nonetheless remains a possibility.
Presidential Authority To Regulate International Trade & Potential Impacts To NAFTA
Do you know the President’s authority as it is related to international trade and commerce? This presentation provides insight into the President’s authority according to language in the Constitution, Executive Authority per specific Trade Acts, as well as historical precedents. The presentation also reviews the current status of NAFTA and the potential impact to Regional Value Content if the trade agreement is renegotiated.
Source: Bureau of Labor Statistics
The unemployment rate decreased by 0.2 percentage point to 4.2 percent in September, and the number of unemployed persons declined by 331,000 to 6.8 million. Both measures were down over the year.
During the month of September 2017, MIQ Logistics was involved in a number of events throughout the logistics industry. Read MIQ in the news, industry updates, services offered by MIQ, and events that will be taking place in the September 2017 Logistics Link.
Source: Institute for Supply Management
Economic activity in the manufacturing sector expanded in September, and the overall economy grew for the 100th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
Overland Park, KS, October 2, 2017 – Congratulations to John Carr, President and CEO of MIQ Logistics, as he was named one of the 250 Most Powerful Business Leaders in the Kansas City area for the second consecutive year by Ingram’s Magazine. Every year, 250 of the most important, influential and powerful business leaders throughout the Kansas City area are selected for this distinction.
September 28, 2017 – The MIQ Logistics U.K. team and our customer (a leading global fashion brand) won the IBM Supply Chain Visibility Award at the Retail Week Supply Chain Awards 2017. This is the third consecutive year the MIQ Logistics U.K. team was nominated for the Retail Week Awards, and the second time they have won an award. Winners were selected at an awards ceremony at the Hilton Park Lane in London.
“The August gain is consistent with continuing growth in the U.S. economy for the second half of the year, which may even see a moderate pick up,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “While the economic impact of recent hurricanes is not fully reflected in the leading indicators yet, the underlying trends suggest that the current solid pace of growth should continue in the near term.” – The Conference Board
On Tuesday, the U.S. Customs and Border Protection issued a trade notice which updated wood packaging material guidance for wood packing material destined to the U.S.
This trade notice CSMS#17-000612, spotlights a date of November 1st for potential penalties that the responsible party for wood packaging material (WPM) imports may face should their wpm be found to be in violation.
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