NAFTA Issues Adressed at Transplace Shipper Symposium

By George Backwell
Thursday, May 29, 2014
File image

Provider of transportation management services & logistics technology, Transplace, says it has wrapped up its recent 12th annual 'Shipper Symposium' in Dallas. Former President of Mexico Vicente Fox and other leading supply chain and economic visionaries addressed current supply chain and economic issues, including NAFTA in its 20th year, capacity constraints and regulatory changes that have a worldwide effect on the transportation of goods.

Event Highlights

  • Supply Chain Economics: Effects on the World – Economist Paul Bingham addressed shifting overseas sourcing trends and changes in the global economic and trade landscape. During his presentation, Bingham examined a variety of factors that are affecting the market, including: the recent pickup in the world economy along with trade growing faster than economy as a whole, emerging markets growing stronger and world monetary policy providing stimulus.

    Stated Bingham, “Trucking is an industry that faces an enormous set of headwinds, no one singularly more important than another. They’re making it tougher for trucking companies to manage their costs in a way that they’re able to provide the services that they have in the past at the same price. Ultimately, that may affect mode choice, and may force those that have the options to do it to consider more seriously, even incur costs to do so, to make greater use of intermodal rail.”
  • NAFTA @ 20: What’s Next for North American Trade – A panel of Mexican-, Canadian- and United States-focused experts looked back on the past 20 years of the North American Free Trade Agreement (NAFTA) and what the future of commerce might hold for the three NAFTA trading partners. The panelists all voiced the importance of closer collaboration between the partnering nations and the need for NAFTA to evolve in order to remain the leading global trading bloc.

    During the session, Christopher Wilson of the Mexico Institute of the Woodrow Wilson International Center discussed the ways that NAFTA has opened up borders and helped North America create a partnership, even amid events that put immense pressure on trade, such as 9/11, the economic recession, and the rise of China’s economy.

    He stated that: "Pressure slowed down the level of growth in trade that we were experiencing and made the political climate different as well. It ultimately has lead us to a position that may be beneficial in that it lets us see our neighbors as our partners, rather than our competitors. We don’t just sell products to one another in North America, we actually build them together, so that the trade that’s happening within the continent is now about parts and materials as much as it is about final products. That binds us together as a continent in a way we weren’t bound together previously.”
  • Surveying the Geo-Political Landscape & Bridging Business to Latin America – President Fox examined the relationship between the United States and Latin America and the NAFTA. He noted that because of NAFTA Mexico has become a huge manufacturing structure in the global market, and that the agreement is a powerful tool which North American countries can utilize to compete on a global scale.

    President Fox stated, “When NAFTA started, the difference in income in Mexico and income in the United States was a ratio of 10-to-1. So if you made $1 in Mexico, you would make $10 by crossing the border. Today, 20 years later, it is a ratio of 5-to-1. The new NAFTA vision should be to get us to a 1-1 ratio position, just like the United States and Canada, and then we won’t have the problems that we have today.”

People & Company News

China Cosco Sinks into Red

Dragged by lackluster freight rates in the maritime transport market during the first half of 2016, China Cosco Holdings logged a 7.2 billion yuan ($1.07 billion) net loss for the January-June half,

DNV GL Backs John Laing on First Offshore Wind Investment

DNV GL successfully completed its due diligence work of the offshore wind farm “Nordergründe” in the North Sea, reviewing and quantifying the technical risks of the project.

MobileOps Pursuing Maritime Business

Redmond, Wash. based MobileOps, Inc., a software company specializing in the design and development of maritime software applications (dispatch, safety, compliance,

Finance

China Cosco Sinks into Red

Dragged by lackluster freight rates in the maritime transport market during the first half of 2016, China Cosco Holdings logged a 7.2 billion yuan ($1.07 billion) net loss for the January-June half,

India Shipping Ministry Enlarges Scope of Sagarmala

India's Ministry of Shipping has formulated a revised Central Sector Scheme to provide financial support to Major and Non-Major Ports as well as State Governments

Industry Wants Hanjin Shipping to Merge with Hyundai Merchant Marine

The Korea Shipowners’ Association (KSA) has officially suggested Hanjin Shipping merge with Hyundai Merchant Marine (HMM) to prevent  court receivership and liquidation, reports Business Korea.

Communication

MN100: BlueTide Communications

The Company: BlueTide is a leader in the provisioning, implementation, monitoring and support of satellite equipment. Combining the power of HUGHES proprietary

26 Hours of Information Recovered from El Faro's VDR

A group led by the U.S. National Transportation Safety Board (NTSB) has gathered information from the recovered voyage data recorder (VDR) of sunken cargo ship

USCG Evaluates Comms Equipment in Alaska

Coast Guard Research and Development Center evaluates state-of-the-art communications equipment and Next Generation Incident Command System in Alaska   At nearly 663,

Logistics

India Shipping Ministry Enlarges Scope of Sagarmala

India's Ministry of Shipping has formulated a revised Central Sector Scheme to provide financial support to Major and Non-Major Ports as well as State Governments

Doing Business Differently to Meet Sustainability Targets: DNV GL

Pressure is mounting on the global oil and gas industry to reduce environmental footprint at the same time as the industry is under significant cost pressure.    Since

Samskip Acquires Euro Container Line AS

Samskip has completed the acquisition of Euro Container Lines AS, building on a strategy for growth in the Nordic area to make its largest ever acquisitive move in Norway.

Consulting

MN100: TPG Marine Enterprises, LLC

The Company: TPG Marine Enterprises, LLC is an operations, logistics and consulting company that specializes in all aspects of cargo movement on the Inland Waterways System.

MN100: Safety Management Systems, LLC

The Company: A leading US maritime consultancy established in 1996, SMSLLC provides practical risk mitigation solutions for vessel operators and stakeholders.

Newbuild Volatility to Alter Future Shipping Cycles -MSI

Independent research and consultancy firm Maritime Strategies International (MSI) has forecast a structural change to future shipping cycles, driven by increased volatility in newbuilding activity.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1052 sec (10 req/sec)