Supply Chain Buzz 7/10
1. Port Tracker report expects record-level summer volumes. Two of the drivers for the expected gains, according to the report, are increasing consumer demand and retail sales gains.
2. Nation’s top retailers voice concern over tariffs. Earlier this month, The National Retail Federation told its members that with tariffs against China taking effect, American consumers are “one step closer to feeling the full effects” of a trade war.
3. CMA CGM reportedly approached Hapag-Lloyd about merger. Combined, the two lines would carry 19% of market share — more than leading carrier Maersk's 18% share.
4. COSCO will put Long Beach terminal up for sale through a U.S. trust fund in order to merge with OOCL, the terminal's owner. The sale is meant to appease U.S. regulators concerned with a Chinese state-owned enterprise owning a major import facility.
5. 'Fragile' food supply chains at risk if Brexit deal isn't reached. "A new border controls and regulatory checks could create delays and "food rotting at ports," the British Retail Consortium (BRC) wrote in a letter to U.K. Prime Minister Theresa May and Chief Brexit Negotiator Michael Barnier.
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