Commerce and NRF report October retail sales gains
Data issued today by the United States Department of Commerce and the National Retail Federation (NRF) indicated that retail sales growth remained intact in October.
Data issued today by the United States Department of Commerce and the National Retail Federation (NRF) indicated that retail sales growth remained intact in October.
Today, the latest global trade management solutions streamline and automate everything from inventory management to regulatory compliance and free trade agreement qualification.
Chicago-based project44 said today it has introduced a new truckload visibility offering, which is designed to enable a smarter information flow across shippers’ supply chains.
Rising 3.3 cents, the average price per gallon is now $2.915, topping last week’s $2.882, and is now the new highest weekly price. Last week’s average eclipsed the previous high from the week of June 15, 2015, when it was at $2.87.
The majority of information exchanged between business partners still travels by fax, email or phone rather than structured, automated methods. Don’t let this digital divide continue to erode your ROI. Get all your partners into one digital ecosystem.
This webinar explores how temperature-sensing smart labels and inexpensive NFC tags are being used to extend product safety and efficiency beyond the shipping dock while also building a communication bridge to your customers.
October shipments rose 3.2% annually to 1,016,892, which was ahead of September’s 976,605, while the annual spread in October was down compared to September’s 4.9%. Panjiva said this represents the eighth consecutive month of growth and 15 of the last 16 months.
CBRE explained that this trend is being paced by online sales essentially creating instant, short-term demand for warehouse and distribution center space, something it also labeled as a potential headache for retailers that want to ensure prompt customer delivery.
During the past four years, use of analytics to mitigate third-party supply chain fraud, waste, and abuse risk has jumped to 35 percent in 2017 from 25.2 percent in 2014, according to a Deloitte poll.
Brendan McCahill, Senior Vice President of Trade Data Content at Descartes, examines the current state of U.S. port infrastructure.