Archive for December, 2012

Data In Motion: 2012 Year in Blogging

December 31, 2012

We are counting down to the end of 2012. This has been an interesting year; we’ve looked back through our archives for some of the most popular PIERS blog posts of 2012:

PIERS_best_of_2012

 

What Happens to Old Shipping Containers (February 7, 2012)

PIERS recently featured a link on Facebook, LinkedIn and Twitter to an article about Starbucks’ creative use of an old shipping container. The new concept store that opened just south of Seattle features a “Reclamation Drive-Thru” made out of repurposed shipping containers.

A (Razor) Sharp Idea for Gaining Competitive Intelligence (March 20, 2012)

One of the world’s largest consumer brands and maker of popular men’s razor blades recently came up with a very clever and interesting way to use PIERS data for competitive intelligence.  The company suspected that one of their major competitors was getting ready to release a new razor blade in the U.S., but didn’t know what the new razor looked like or when they were planning to release the product.

ILA Strike Watch (October 11, 2012)

Contract negotiations between the International Longshoremen’s Association and the United States Maritime Alliance have been extended through Dec. 29. The extension averted the threat of a strike at the original Sept. 30 expiration. The ILA-USMX coast wide master contract affects approximately 15,000 longshore workers on the Atlantic and Gulf coasts. The master contract covers containerized and roll-on, roll-off cargo in 14 port areas.

How Will the Panama Canal Expansion Alter Global Trade for the U.S. East Coast Ports? (May 29, 2012)

The shortest path between two points is a straight line, it just so happens that this line is 50 miles long and the two points are the Atlantic and Pacific Oceans.

Who Tops This Year’s JOC Top 100 Importer & Exporters (June 22, 2012)

2011 was extraordinary in terms of natural catastrophes and disasters – all of which cause a bit of global turbulence in the trade industry. The economic burden doesn’t only affect where the disaster occurred but also ripples through the world economy by affecting global trade volume. A single natural disaster can cause a domino effect that can cripple supply chains as was evident in the auto parts industry after the Japan earthquake last March. These crises “coupled with a soft post-recession consumer market and mixed macroeconomic environment, growth undoubtedly was restrained,” stated the Journal of Commerce in the “Coming Full Cycle”.

Foreign-Trade Zones: A Quiet Source of Economic Stimulus (June 19, 2012)

Foreign-Trade Zones allow producers in the United States to bring in foreign materials for processing into the United States at zero or reduced tariff duties. These zones, which include facilities such as the Virginia Port Authority and Nissan’s two manufacturing facilities in Tennessee, help offset customs advantages available to overseas producers who compete with domestic industry.

Acrylic Acid: From Diapers to Paint (October 2, 2012)

After an abnormal chemical reaction, a fire broke out at Nippon Shokubai Co.’s plant in Japan. An acrylic acid storage residue tank exploded around 2:30 p.m. on Saturday, the fire later spread to another acrylic acid tank and a toluene tank. The plant produces about 20% of the world’s SAP and 10% of global output of acrylic acid.

We look forward to another year of blogging in 2013!

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PIERS Free Reports

December 27, 2012

Before the year comes to an end, download any of our one-of-a-kind complimentary reports:

PIERS/Informex Market Opportunities for U.S. Chemical Exports

This report provides a detailed analysis of top markets for U.S. chemical exports classified  under chapters 28 & 29 of the harmonized tariff schedule. Understand what commodities are traded in high volume in each of these markets and what chemicals are experiencing high growth or decline. Furthermore, we examine the applications for each of these chemicals and how market conditions in each of these countries are driving these trends.

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PIERS Capacity Utilization Report 2011

This report provides an overview of capacity utilization on major U.S. trade lanes by quarter and as well a 2011 versus 2010 performance comparison. PIERS dynamic import/export data offers industry analysts, C-suite executives, marketing professionals and those involved in the logistics industry, a unique and deep insight into global capacity utilization statistics and trends. This report’s analysis can be leveraged to ascertain the underlying factors affecting regional waterborne trade worldwide as well as their impact on your current and future business decisions.

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PIERS NVOCC Market Report – Import Market Dynamics, 2011 vs 2010

The latest PIERS report enables users to track import growth of NVOCCs in the U.S. and around the world. It includes both aggregate NVOCC industry and individual NVOCC company market share by major trade region, volume, value of trade and carrier (VOCC) association. These assessments offer a view of performance over time so the U.S. can compare NVOCC performance with overall market growth.

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PIERS Capacity Utilization Report, 1H-2011 vs 1H-2010

This report provides current analysis of import/export capacity utilization on major U.S. trade lanes for the first half of 2011 compared to 2010. The report’s must-know intelligence is particularly significant because of the void in carrier supply data since 2006. Were demand and supply projections too optimistic in some regional markets? How are ocean carriers reacting to shipper demand volatility? Which regions are seeing the most balanced supply and demand load factor? Find this and more when you download PIERS Capacity Utilization Report.

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PIERS NVOCC Market Report – Import Market Dynamics, 1H-2011 vs 1H-2010

The PIERS NVOCC Market Report series compares 1H-2011 data with 1H-2010 to drill down deep into the market’s performance dynamics over the past 12 months. View TEU volume and NVOCC market share statistics by trade region. Track where NVOCC import growth is occurring. See top 50 carriers using NVOCCs by TEU volume. Pinpoint NVOCC impacts on scheduling, inland service, cargo consolidation, documentation and ocean liner rates and much more.

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PIERS NVOCC Market Analysis 2006-2010
PIERS helps you get ahead and stay ahead with the most up-to-date, in-depth analysis of the NVOCC import market. This free analysis is on an overall portrait of the NVOCC market, its performance over time and its likely direction. What regions globally are seeing the greatest NVOCC growth, volume and market share? Which top 20 NVOCCs capture just over 50 percent of all NVOCC volume? How much did total volume handled by NVOCCs grow over the years? Find this and more when you download the PIERS NVOCC Analysis Report.

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PIERS can deliver the intelligence that you need! We have several solutions to assist in analyzing the global supply chain and understand the movement of goods. Contact us today to have a PIERS Data Solutions Expert contact you to provide more information or schedule a product demonstration.

PIERS and Alibaba.com Join Forces to Help U.S. Exporters

December 20, 2012

PIERS, the Standard in Trade Intelligence, and Alibaba.com, a leading global e-commerce platform for small businesses, is pleased to announced a partnership to help U.S. companies expand their products and services to the global marketplace.

PIERS has long been known as the standard in trade intelligence from its 40 year history of collecting waterborne bills of lading, solidifying it as the world’s most comprehensive database of imports, and the only provider with complete export trade activity. This trade intelligence matched with Dun & Bradstreet’s core company information, creates a complete picture of a company and their trade.

 

PIERS_Alibaba_verified_membership

 

As a result of the new partnership, Alibaba.com will leverage PIERS’ deep trade intelligence and offer businesses in their database a free Verified Membership on the Alibaba.com platform which will elevate the international presence of U.S. small businesses. Alibaba.com’s Verified Membership program is an authentication process that bolsters sellers’ trust and credibility on the platform. In addition, the Verified Membership status on Alibaba.com allows sellers to showcase their products and services to more than 29 million buyers worldwide. They also receive priority ranking in search results above millions of other unverified members.

“We are seeing an increased interest from Alibaba.com buyers in partnering with international suppliers. Through the Verified Membership program, we hope to foster a more trusted and diverse online trade environment and provide international sellers greater visibility,” said Annie Xu , general manager of Alibaba.com, Americas. “Our partnership with PIERS will allow us to help U.S. small businesses to tap their export potential and gain greater access to global trade opportunities.”

PIERS continues to work with its partners in the Appalachian Regional Commission, the U.S. Small Business Administration and the State International Trade Organization to support the National Export Initiative. This latest partnership with Alibaba.com further exemplifies PIERS dedication as the only provider of complete U.S. exports, to continue its investment to help U.S. businesses expand.

“PIERS and its partners are committed to supporting the National Export Initiative and are focused on developing intelligent, growing practices to make it easier for small businesses to market their products globally,” said Wael Jarous , Senior Vice President of PIERS. “We are very excited about this partnership with Alibaba.com. The time is right to present a solution that ultimately provides a foundation for a rebuilding economy. We believe this can be a game changer for U.S. exports.”

The free Verified Member authentication process is being offered for a limited time only. To submit your business through the PIERS verification process for Verified Membership status on Alibaba.com register here.

Counter Your Competitor’s Actions with PIERS TI-Comprehensive

December 18, 2012

There is so much competition with the world being one, connected marketplace today. Has your company tapped into the essence of strategic business analysis; understanding your competitor’s trends, capabilities and weaknesses?

PIERS TI Comprehensive provides the right information at your fingertips! Our raw data feed is rapidly updated and standardized daily, allowing immediate access into recent commodity movements of U.S. imports and exports. PIERS enhances the value by updating the data with standardized, value-add fields and comprehensive search fields along with access to the following:

PIERS_TI_comprehensive_bill_of_lading

  • Access to U.S. imports and the ONLY company with complete exports
  • Comprehensive search capabilities on all available fields
  • Historical data going back to 2007
  • Up to 5 years simultaneous searches on Imports
  • Up to 3 year simultaneous searches on Exports
  • View results in one of our report templates
  • Download up to 10,000 records
  • View House/Master BOL relationships

The real value in trade intelligence is to provide managers with the organizational tool to learn what the competitor will do, not what the competitor has already done. Businesses, organizations and governments around the world trust PIERS to deliver global trade intelligence, which means you can trust your business decisions are based upon a solid foundation.

PIERS TI Comprehensive customers use our data to:

  • Generate sales leads
  • Obtain competitive intelligence
  • Identify buyers & suppliers
  • Conduct market research
  • Monitor contractual compliance

Want to learn more about how PIERS TI can enhance your company’s competitive intelligence? Request a demo from one of our solutions experts or sign up before 12/21/12 to receive 25% OFF the price of a new subscription.

World Trade Center 1 to Recapture New York’s Skyline

December 13, 2012

The spire of One World Trade Center, the spindly antenna that will give the building its famed height, has arrived in Tribeca!

World Trade Center Spire

Images courtesy of the Port Authority of NY/NJ.

One World Trade Center inches closer to being the tallest building in the Western Hemisphere, creating a culmination of excitement and sheer amazement. The voyage began on a barge from Canada on the Atlantic Salvor on November 16th; nine of the 18 sections of the 408-foot-high antenna structure, too heavy to be driven in, arrived at Tribeca’s Pier 25, Tuesday after crossing the New York Harbor from Port Newark in New Jersey.

Each of the giant sections, up to 24 feet long and 20 feet in diameter, were lifted by a crane onto a truck, made a slow journey to its final destination. Port Authority officials said a special route created with the Department of Transportation in an effort to cause the least impact to utilities, street furniture and traffic lights.

Workers lifted the first section of the spire to the top of One World Trade Center Wednesday morning. When completed, the spire will bring One WTC to a staggering 1,776 feet tall, making it the tallest building in the Western Hemisphere.

Quotes in Motion

December 11, 2012
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But O the ship, the immortal ship! O ship aboard the ship!

O ship of the body – ship of the soul – voyaging, voyaging, voyaging. 

~Walt Whitman (Aboard at a Ship’s Helm)

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Port Miami (image courtesy of FECR)

ASEAN Leaders Begin RCEP Negotiations

December 6, 2012

ASEAN RCEP Nations

The leaders of the Association of Southeast Asian Nations (ASEAN) have succeeded in persuading their top trading partners to start negotiations on the Regional Comprehensive Economic Partnership (RCEP) to create the world’s largest trading bloc. Consisting of a 10-member regional group and their six major trading partners, this trading bloc will potentially transform the region into an integrated market of more than three billion people with a combined GDP of $15 trillion, roughly equal to that of the United States. ASEAN includes Thailand, Laos, Cambodia, Vietnam, Indonesia, Malaysia, Singapore, Philippines, Myanmar, and Brunei, RCEP adds the nations of India, Japan, South Korea, China, New Zealand and Australia.

This partnership of 16 countries comprises about half of the world’s population in the part of the world that is experiencing the greatest economic growth; 30% of global GDP. RCEP would “rewrap” five current free trade agreements (FTAs) with ASEAN’s six major trading partners, China, Japan, India, South Korea, Australia and New Zealand into an integrated regional economic pact. The hope is this will allow deeper economic cooperation than the existing FTA agreements and ultimately lower trade barriers and custom duties across the region by the end of 2015. It is predicted that the repositioning of the financial heart of Asia will turn towards Singapore, and for businesses to branch out from there to other RCEP investments as per the needs of each business.

Based on iPIERS data, U.S. exports to ASEAN countries has continued to increase during 2009 – 2011; a total of 5,749,798 TEUs in 2011, 2,580,235 of those TEUs being exported to China.

US Exports to ASEAN Countires

U.S. imports from ASEAN countries grew by 15%  from 2009 to 2010, but remained flat in 2011. A total of 11,956,944 TEUs were imported into the U.S. in 2011, with 8,494,239 imported from China.

US Imports from ASEAN Countires

World economic recovery efforts continue to be a challenge with the volatile global financial and economic situation. East Asian economies, which rely on trade with developed nations, have been jeopardized by the European and American economies as regional economic integration has become a better choice of ASEAN and its dialogue partners. In an effort to not exclude Trans-Pacific Partnership (TPP), the U.S. – ASEAN Expanded Economic Engagement initiative was launched. It is aimed at expanding trade and investment ties with the U.S. and smoothing a path for the Trans-Pacific Partnership, which excludes China.

Will competition arise from the two agreements, causing a split among the ASEAN members? Join the conversation on FacebookTwitter or LinkedIn!

The Westernization of the Asian Diet

December 4, 2012

In emerging countries, the economic growth results in the rise of a new middle class. A change of diet is the first change that takes place when the standard of living increases. Rapid economic and income growth in Asia, along with urbanization and globalization, have led to a dramatic shift of Asian diets away from affordable staples to animal protein, dairy, fruit and vegetables.

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Food And Agriculture Organization of the United Nations’ study on Agriculture towards the year 2015/2030 indicates that the trends in international trade of food, which have seen developing countries turn from net exporters to net importers of food commodities, are expected to continue in the future.

The dietary pattern of the Chinese population has changed (over the last twenty years). People’s diets have become more westernized, especially in larger and medium sized cities. The rapid increase in China’s consumption of both corn and soybeans is due, in part, to a growing middle class that is already larger than the entire U.S. population. Greater disposable wealth has resulted in more animal protein in the Chinese diet, meaning larger livestock herds that require a lot more feed grain.

The U.S. a longstanding global corn exporter, and in the past 10 years has also become a major meat exporter. Whether China ultimately chooses to import more corn, more fresh meat, or balance the two – U.S. agriculture will be poised to capitalize on the increase in these exports. As an example, Port Miami has a number of infrastructure projects in development, to serve as a transshipment hub when Asian trade is dropped at Port Miami and then quickly trans-loaded. The infrastructure changes being made at the port with Florida East Coast Railway will increase the flow of goods up North (as stated in an earlier PIERS blog).

Port Miami is actively working with the largest exporters to China, to re-fill Asia-bound containers filled with many different kinds of products. Some include:

  • Soybeans
  • Grain
  • Scrap metal
  • Paper
  • Resins
  • Frozen poultry
  • U.S.-manufactured automobiles
  • Raw-baled cotton
  • Alternative fuels

How do you plan to keep an eye on new trade developments to China? PIERS offers comprehensive coverage of U.S. waterborne exports to China.  Register for a free demo and a solutions expert will show you how PIERS trade intelligence can assist your business.


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