The Hanjin Group is working diligently to keep the supply chain moving despite different terminals' refusal of these ships in fear they won't be paid for handling of containers. Ships are now ordered back to Korea for resale. The situation has caused a domino effect on the industry and experts say it will take 2-3 months to overcome congestion.
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Did you know? 95% of the world’s consumers live outside of the United States and with 85% of world economic growth occurring outside of the United States from 2013 and projected into 2018, exporting provides a large opportunity for business to grow, become more competitive, diversify their portfolios and weather changes in the U.S. domestic economy.
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A joint project of Brookings Institution and JPMorgan Chase called the Global Cities Initiative: The Exchange helps companies of all sizes to increase their sales through outside markets.
Learn more during a free webinar on October 12, 2016.