Rail freight transport between China and Europe is becoming increasingly popular for a number of reasons: Railroads are being expanded more and more, especially through the Silk Road Initiative, which connects three continents by rail. Rail freight is generally the faster alternative to sea freight and more cost-effective than air freight. Rail transport is
The world as we know it is forever changed. COVID-19 has left death and destruction in its wake and plunged the global economy into catastrophic turmoil. We are rapidly approaching 500,000 dead globally and, according to a new forecast from McKinsey, are facing a global deficit of $30 trillion by 2023.
The 1970s played a pivotal role in the history of trade, shipping, and manufacturing. In this decade, Toyota revolutionized the manufacturing world with the wide adoption of its Just-in-Time (JIT) production planning process. In essence, that represents operating with low inventory levels where raw materials, goods, or even labor
