Shippers Weigh Benefits of Sourcing Closer to Home and The Journal of Commerce Releases Reports on Potential Benefits of Recent
March 08 2010 - 2:35PM
PR Newswire (US)
NEWARK, N.J., March 8/PRNewswire/ -- In today's cover story, The
Journal of Commerce explores whether globalization is reaching its
limits and whether the offshoring that help build global trade is
moving in reverse, creating a new trend that supply chain experts
call nearsourcing. It's supposed to be the response of
manufacturers and retailers to volatility in global shipping
markets, but The Journal of Commerce finds shippers face big
challenges before they'll move closer to home. (Photo:
http://www.newscom.com/cgi-bin/prnh/20100308/NY66739 ) Also
included this week are essential reports detailing the recent
high-tension Washington standoff over Department of Transportation
programs and why that might conversely speed up a new highway bill.
Rising freight rates, volatile fuel prices, fluctuating currencies,
slow transits and missed vessel loadings are just some of the
defining issues U.S. and European importers face in sourcing goods
from low-cost, far-flung regions. Restructuring their supply chains
by moving production closer to destination is a solution
tentatively being explored. Executive Editor Joseph Bonney analyzes
the move to "nearsource," in this week's Cover Story, finding that
what works for some is highly impractical for many others. This
week's edition of The Journal of Commerce also includes an
essential package of reports analyzing this month's standoff in
Washington, led by a filibustering Sen. Jim Bunning, that, for two
days, shut down Department of Transportation highway programs at a
most critical time for states' infrastructure projects. According
to one report, this high-tension controversy actually may spur
quicker-than-expected action on a new six-year highway bill. To
view daily news visit http://www.joc.com/. For all media enquires,
including article reprints, please contact Editorial Director Paul
Page. Since 1827, The Journal of Commerce has been the most trusted
source of intelligence for international logistics executives to
help them plan global supply chains and better manage day-to-day
transportation of goods and commodities in the United States and
internationally. To become a member of The Journal of Commerce
click here. JOC members have access to our weekly print and digital
magazine and Web site, as well as a 10% discount on all JOC Events
and trade shows, UBM Global Trade Directories and select PIERS
products. Authoritative editorial content in the form of daily
news, weekly analysis and regular features ensure our members have
the information and data necessary to understand the issues facing
trucking, rail and maritime transportation. Members enjoy access to
"By the Numbers," an exclusive weekly compilation of key industry
statistics that provides detailed views of current market trends
across all modes. Regular market intelligence reports -- utilizing
PIERS trade data -- include Top 100 Imports and Exporters,
quarterly Top 40 Container lines, Transpacific and Transatlantic
Maritime Forecasts and Top Container Ports and Terminals.
Market-sector supplements, including Breakbulk, Cool Cargoes, 3PL,
JOC Guide to Trucking and others, ensure all modes are
comprehensively covered. About UBM Global Trade - UBM Global Trade,
formerly Commonwealth Business Media, Inc., has been the leading
provider of proprietary data, news, business intelligence and
analytical content supporting commercial maritime, rail, trucking,
warehousing and logistics industries worldwide since 1827. The
company's portfolio of more than 100 online, print and interactive
workflow business solutions includes The Journal of Commerce, The
Journal of Commerce Events, PIERS Global Intelligence Solutions and
an array of international trade and transportation databases and
directories. UBM Global Trade, a subsidiary of United Business
Media Limited, is headquartered in East Windsor, NJ, with offices
throughout the United States and in Canada and Hong Kong. For more
information, explore http://www.ubmglobaltrade.com/ or call
800-221-5488 (+1-609-371-7700 outside the U.S. and Canada). About
United Business Media Limited - UBM (UBM.L) focuses on two
principal activities: worldwide information distribution, targeting
and monitoring, and the development and monetization of B2B
communities and markets. UBM's businesses inform markets and serve
professional commercial communities -- from doctors to game
developers, from journalists to jewelry traders, from farmers to
pharmacists -- with integrated events, online, print and business
information products. Our 6,500 staff in more than 30 countries is
organized into specialist teams that serve these communities,
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and their markets to work effectively and efficiently. For more
information, go to http://www.ubm.com/. DATASOURCE: The Journal of
Commerce CONTACT: Paul Page, The Journal of Commerce, Editorial
Director,+1-202-355-1170, ppage@joc.com. Web Site:
http://www.joc.com/
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