The Ocean market has undergone unprecedented changes in the last few years and continues to be under significant pressure, disrupting global supply chains across all markets & industries. Join the Expeditors team as we dive into the situations that are shaping the ocean market, share our views for the future and explain how real time visibility can help you stay ahead of the curve and buffer your supply-chain against an ever-changing market.
Sanctions and embargoes are political trade restrictions put in place against target countries with the aim of maintaining or restoring international peace and security. Sanction refers to a threatened penalty for disobeying a law or rule. An embargo is a commercial barrier that prevents commerce or trade with a single nation or a group of countries entirely or partially. In the US, embargoes and sanctions are maintained by the Commerce, State and/or Treasury Departments. We will review the status of the most relevant sanctions and describe strategies for managing these evolving actions.