The cost of international shipping has skyrocketed as businesses rush to transport goods for the upcoming festive season months earlier than usual. This sudden surge in shipping rates is largely attributed to the ongoing attacks in the Red Sea by Yemen’s Houthi militant group, which have forced ships to take longer, alternative routes.
In a significant move towards diversifying its supply chain, Apple CEO Tim Cook has announced the company’s plans to increase investments in Vietnam. During a two-day visit to Hanoi, Cook met with Prime Minister Pham Minh Chinh and discussed Apple’s expansion plans in the Southeast Asian manufacturing hub.
The U.S. government has intensified its campaign against the controversial trade practices of Chinese fast fashion giants Shein and Temu. Central to this crackdown is the exploitation of the de minimis rule, a customs exemption allowing low-value packages to bypass standard tariffs and scrutiny. This enforcement shift impacts global supply chains and underscores deepening concerns ... Read more
