Chinese ivory trade to be shut down for good

The wholesale price of raw ivory in China has fallen by almost two thirds in the last three years, according to new research. During this time, China’s government has made increasingly strong commitments to close the domestic ivory trade. Today, the nation’s ivory factories are to be shut down and all retail outlets will be closed by the end of the year. In early 2014 the average wholesale price of tusks was $2,100 per kg.

Trades Union Congress says UK should accept EU offer of ‘bridge’ to avoid cliff-edge

Commenting on the draft guidelines published today by the Council of the European Union on the EU’s principles and approach to Brexit negotiations, TUC General Secretary Frances O’Grady said: “The EU has made an important offer of a ‘bridge’ to stop the UK falling off a cliff edge if negotiations for a new trade deal take longer than two years. “The Prime Minister should accept this offer, as it is the best

Strategic management expert on UK triggering Article 50

In view of yesterday’s politics, it’s no wonder there is much discussion on what the future holds for the UK and the European Union member states. Christian Stadler, a Professor of Strategic Management at Warwick Business School, today made the following statement in view of the triggering of Article 50: “Some industries can expect job growth, the ones with a strong consumer market here for example. These firms may have

Sterling strengthens against US Dollar as UK Prime Minister addresses nation on invoking Article 50

As Article 50 was triggered today, prompting the start of the UK’s exit from the EU, Theresa May addressed the House of Commons, leading to a stronger sterling. David Kerns, commercial development lead for currency specialists, Halo Financial, said: “It is encouraging to see Sterling strengthen against the US Dollar as the UK Prime Minister, Theresa May, addresses the nation on the invoking of Article 50 and outlines the path ahead now that

ICC launches questionnaire for 2017 Global Survey on Trade Finance

The International Chamber of Commerce (ICC) Banking Commission has released the questionnaire designed to gather data for its flagship annual trade finance report, urging banks globally to participate before the April 20, 2017 deadline. One of the most comprehensive market intelligence publications, the report – entitled “Rethinking Trade & Finance” – provides a snapshot into the trade finance industry, allowing banks, traders, and government officials to gauge global trade expectations.

AEB white paper offers tips on managing trade bans and restrictions

To provide companies with a practical overview of the most common bans and restrictions, AEB has developed a new white paper. Titled “Bans and restrictions”, which offers tips and practical examples for automating and simplifying screening processes through manual restrictions. Managing supply chains across borders, companies need to consider numerous global trade regulations. The new white paper “Bans and restrictions” by AEB, a leading provider of software and services for

Quality data drives success in logistics

The availability and quality of data is developing into a key factor in successful supply chain management. That’s the finding of the new AXIT expert paper, based on discussions with managers from the manufacturing, commercial, and logistics sectors. “Whether data becomes a blessing or a curse depends primarily on the extent to which businesses along the supply chain cooperate in getting the most out of their data,” notes Christian Wendt,

MSC, Maersk Line and HMM to cooperate on East-West trades

MSC, Maersk Line and HMM have officially confirmed the signing of a formal agreement, launching a new strategic cooperation on East-West trades. The new cooperation, which comes into effect on April 1st, includes a series of slot exchanges and slot purchases. The length of the cooperation is three years, with an option to extend. Caroline Becquart, Senior Vice President and Head of Vessel Sharing Agreements at MSC, said: “We are

97% of exporters optimistic about global trade prospects

Ninety seven per cent of exporters questioned in a survey said they were optimistic about growing their businesses through international trade. Spearheaded by the Institute of Export & International Trade – the UK’s only professional body offering recognised, formal qualifications in International Trade – the research involved responses from over 200 Institute members and the wider export community. Respondents were positive about future trade prospects despite fears of a growing US protectionist

Radio-frequency identification (RFID): Fact or fiction?

Andrew Blatherwick, Chairman, RELEX Solutions, discusses the slow adoption of radio-frequency identification (RFID). The industry may have been talking about RFID for 20 years, but it still has not come into common use or delivered significant value to retailers. The biggest issue has been the hype and promise that was created, without the technology in the right place to deliver. The price of tags has been an inhibitor to mass adoption: