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IN THE NEWS with Fastener News Desk the Week of June 17, 2024

Fastener News Desk

Read full article from Reuters. Rising freight rates are a new source of concern in the global supply chain with forecasts warning that ocean cargo prices could reach $20,000 — potentially even touch the Covid era peak of $30,000 — and stay there into 2025 according to a new report from CNBC. Just as the Federal Reserve and U.S.

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Manufacturers using digital transformation to future-proof operations

Control Engineering

Rise of industrial e-commerce By 2025, according to a Gartner report , 80% of B2B sales interactions between suppliers and buyers will occur in digital channels. Many customers prefer to use their own freight carriers, so a B2B e-commerce platform must be able to accommodate third-party shipping.

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How digital transformation powers the machine economy

Control Engineering

Germany), Industrie du futur (France), Made in China 2025 (China), or Smart Manufacturing (US), to name a few. of physical assets when the freight carrier network is moving them. 11] E-money revolutionizes the blockchain – Achema article by Dr.-Ing. In the test drive, secure edge devices capture the real-time status (e.g.,

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The convergence of edge computing and 5G

Control Engineering

In fact, by 2025, 50% of enterprise data will be created and processed at the edge, compared to the present 10%. McKinsey predicts that by 2025, telcos will devote over $600 billion toward 5G infrastructure. By 2025, 50% of enterprise data will be created and processed at the edge, compared to the present 10%.

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Top Legal Issues Facing the Manufacturing Sector in 2023

Foley

CBP regulations place the burden for accuracy in the importation and payment of duties on the importer of record – not the broker or freight forwarder, as some importers mistakenly believe. Coordinate with Customs Brokers & Freight Forwarders. Different sources have articulated different definitions.