Supply chains contribute to more than three-quarters of greenhouse gas (GHG) emissions by industries. Greenhouse gas emissions are the de facto centre of climate change, yet a small percentage of companies maintain sustainable supply chains.
Any insurance helps manage risks in case of an unfortunate event such as fire, accidents, property and environmental damages, and the loss of life. There are four modes of transport; road, air, water, and rail. Water transport has the highest risks involved, not only due to natural occurrences that can cause damages to vessels and cargo losses but also the numerous incidences that can happen at sea and cause huge losses.
The year 2020 brought many ups and downs for every firm in the U.S. and around the world. The situation is not expected to change in 2021 as the issues that caused the disruptions in 2021 are set to continue -- here are the top 8 trends in procurement for 2021!
The International Maritime Organization (IMO) is the United Nations' specialized agency responsible for the safety, security, and prevention of pollutions by ships while at sea. As a United Nations agency, IMO has a responsibility to create a regulatory framework for ship operators based on safety, security, and environmental issues.
Liquidity is the most important element of survival for small- and medium-sized businesses. It refers to the ability to cover short-term financial obligations using existing assets.
The rising significance of international trade has encouraged shipping companies to integrate environmental concerns into their organizational and operational practices of supply chain management.
While exporting goods has several benefits, most small- and medium-sized business owners think they cannot compete in the world market.The export industry is primarily made up of small and medium-sized companies. These companies make about 97% of export companies, most of them having an average of 20 employees.
Trade finance is the facilitation of import and export activities and all associated international trade transactions. Generally, all domestic and international trades sell on payment terms allowing buyers to delay settlement of invoices. This works best for buyers as they can work on generating revenues before invoices fall due.