The tech development landscape is rife with unrealized productivity gains when there is an unwillingness or lack of awareness on potential to revamp archaic processes. I know this from talking to a number of developers over the last several years. Ladies and gentlemen we’re on the cusp of dramatic process improvement, the likes of which we haven’t seen since an…
One estimate shows that global container shipping generates 28.5 billion paper documents a year. Yearly, paper bills of lading cost an estimated $11 billion and still only 1.2% of bills of lading were electronic by the end of 2021. Modernizing the trade industry through digitization is just one of the pain points industry stakeholders at large can agree upon. Simply…
Reflection on US Legislation Proposed: H.R.3684 - Infrastructure Investment and Jobs Act Before going to Capitol Hill... Update Needed? In a 1974 interview Arthur C. Clarke told ABC that every household in 2001 would have a computer, announcing such marvels as "you can live anywhere on earth and do your business…!" This in reality may only have just been realized…
Sales of new single-family houses in August 2021 were at a seasonally adjusted annual rate of 740,000. This is 1.5 percent (+/- 15.1%)* above the revised July 2021 estimate of 729,000. August 2021: +1.5* % changeJuly 2021 (r): +6.4* % change
New orders for manufactured durable goods in August increased $4.6 billion or 1.8 percent to $263.5 billion. August 2021: +1.8° % changeJuly 2021 (r): +0.5° % change
August 2021 end-of-month inventories were $603.3 billion, up 0.1 percent (+/- 0.2%)* from last month. August 2021: +0.1* % change in InventoriesJuly 2021 (r): +0.4 % change in Inventories
The advance international trade deficit in goods increased to $87.6 billion in August from $86.8 billion in July as imports increased more than exports. August 2021: 87.6° $ billionJuly 2021: 86.8° $ billion
Total construction activity for August 2021 ($1,584.1 billion) was virtually unchanged from (+/-1.0 percent)* the revised July 2021 ($1,584.0 billion). August 2021: +0.0* % changeJuly 2021 (r): +0.3* % change
Total U.S. Business Applications were 431,381 in September 2021, up 0.8% from August 2021. September 2021: +0.8° % changeAugust 2021 (r): -4.4° % change
August 2021 sales of merchant wholesalers were $595.5 billion, down 1.1 percent (+/- 0.5 percent) from last month. End-of-month inventories were $731.1 billion, up 1.2 percent (+/- 0.2 percent) from last month. August 2021: +1.2 % change in InventoriesJuly 2021 (r): +0.6 % change in Inventories
The nation's international trade deficit in goods and services increased to $73.3 billion in August from $70.3 billion in July (revised), as imports increased more than exports. August 2021: 73.3° $ billionJuly 2021 (r): 70.3° $ billion
Blockchain in Government: Show your inner Hacker! On the 13th and 14th of November, What the Hackathon will organize an international blockchain-hackathon called ‘BLINGathon’. The competitors work together in small teams to invent solutions for a wide variety of blockchain related challenges. A Hackathon is time constrained and each team will have 30 hours to find a solution for their…
Robert J. Bowman, SupplyChainBrain Paul Brody, blockchain leader with EY, describes the remarkable progress that blockchain technology has already made in the area of supply chain management, and how it must further evolve to reach its full potential. When it comes to achieving transparent and secure end-to-end tracking within supply chains, blockchain is “actually making a lot of progress,” Brody…
"The Chinese government said on Thursday it has officially applied to join the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or CPTPP. The move appears to be an attempt by China to increase its influence in the Asia-Pacific region. The administration of former US President Donald Trump pulled his country out of the original trade pact, known as the…
By Dominik Schiener, Coin Telegraph, 3/29/2021 Smart contracts present one the most promising tech solutions for business, but there are still barriers that have to be addressed. The internet is buzzing over recent developments in decentralized finance, or DeFi — smart contracts are hotter than ever. You might think you missed the coronation ceremony, but smart contracts are actually used…
Blockchain TechnologyBlockchain is a digital ledger that provides a secure, tamperproof and permanent record of transactions. CBP believes this technology has the potential to become a major component in the supply chain for the movement of goods and facilitation of entry into the United States. As projects are developed to assess the application of blockchain technologies, CBP focuses on these…
On today's COAC call (3/17/2021) CBP highlighted two significant initiatives: Legislative Reform Formally announced formation of a joint industry group - to be called the 21st Century Task Force. The effort now being launched is to refine the 'legislative package' to address all the modernization barriers and eliminate outdated requirements to provide sufficient flexibility to achieve desired automation. …
[caption caption="The loss of containers at sea underscores how weather is one of the many challenges faced by carriers as service reliability continues to deteriorate. Photo credit: Shutterstock.com."][/caption]Violent weather caused more than...
[caption caption="The loss of containers at sea underscores how weather is one of the many challenges faced by carriers as service reliability continues to deteriorate. Photo credit: Shutterstock.com."][/caption]Violent weather caused more than...
[caption caption="The loss of containers at sea underscores how weather is one of the many challenges faced by carriers as service reliability continues to deteriorate. Photo credit: Shutterstock.com."][/caption]Violent weather caused more than...