Container ships are still having a difficult time reaching ports in a timely manner, with the average wait time at the ports of Los Angeles and Long Beach in California now sitting at almost 17 days, Bloomberg reported. The queue was present both at anchor...
President Joe Biden spoke with chief executives from Walmart, Target, UPS and FedEx on Tuesday (Nov. 9) in an effort to get more merchandise moving faster, as snarled supply chains and shipping delays continue to concern retailers, consumers and others as the holidays approach. Illustrating...
The imports at strained container ports are likely to remain at almost record levels through the end of the year as retailers brace for holiday shopping, according to a press release from the National Retail Federation (NRF). There were over 70 ships reported waiting at...
A chip shortage has already seen ripple effects as fewer smartphones have been shipped around the world in the third quarter this year, The Straits Times reported, citing data from Canalys. There were 325.5 million units shipped, which is a 6% drop from 348 million...
What will payments look like in 2022 and beyond? In “The Way Payments Are Now Done,” Matt Clark, president and chief operating officer of Corcentric, joins 32 other payment executives to discuss what payments’ “new normal” looks like. Clark shares the essential focal points of...
Marqeta’s card issuing platform, along with Branch’s digital wallet, will be partnered with Uber Freight to bolster payments for the logistics and transportation industries, according to a press release. Uber Freight has driver-centered carrier tools that give trucking companies ways to book loads alongside managing...
Continued investment in transportation capabilities, as well as nearly a year of planning, has prepared Amazon to tackle the holiday delivery season, according to a Monday (Oct. 25) company blog post. The eCommerce giant said that multiple forms of transportation – including planes, trucks, ships...
In the ongoing drive to help businesses access new sources of capital, Mastercard has launched today (Oct. 21) a new B2B supply chain finance offering as part of its Track Business Payment Service. Mastercard’s Senior Vice President of Commercial and B2B Solutions David Trecker told...
Risk is present, in some form or another, in every transaction. But nowhere is risk so glaring as it is in the trade finance “gap” that bedevils supply chains around the globe. That gap takes shape when receivables are outstanding, when the “whens” and even...