Maersk

• CHARLOTTE, NORTH CAROLINA, April 02, 2024 (GLOBE NEWSWIRE) -- DP World , a global leader in supply chain solutions, has named Francia Paramo as Regional Freight Forwarding Branch Manager for Mexico.
• This strategic appointment accelerates the expansion of DP World’s presence in the Mexican market as it continues to enhance and expand its logistics and freight forwarding operations across the Americas .
• In her new role, Paramo will be responsible for steering DP World’s freight forwarding operations across Mexico, aiming to drive sales results, enhance operational productivity and efficiency, oversee product development initiatives, and lead procurement efforts at the country level.
• We are confident that her strategic insights and innovative approach will significantly contribute to our growth and success in Mexico.”
  Francia Paramo, Regional Freight Forwarding Branch Manager for Mexico, said: “I am eager to join DP World and to contribute to the growth of a region with such significant potential.

• Sports company PUMA reduced its greenhouse gas emissions by 24% in 2023 compared to 2022, despite a strong sales growth.
• View the full release here: https://www.businesswire.com/news/home/20240313721861/en/
  Sports company PUMA reduced its greenhouse gas emissions by 24% in 2023 compared to 2022, despite a strong sales growth.
• Compared with the 2017 baseline, this means an absolute greenhouse gas emission reduction of 29%.
• sustainability strategy and our 10FOR25 targets.”
  With an 85% reduction of own emissions and a 65% reduction of supply chain emissions relative to sales, PUMA achieved its first science-based greenhouse gas reduction target in 2023, seven years ahead of the target year 2030.

• The transportation management system market valuation is predicted to reach USD 26.7 billion by 2032, as reported in a research study by Global Market Insights Inc.
• Furthermore, the emergence of mobile applications and digital platforms enabling seamless communication and collaboration among stakeholders will favor the transportation management system market outlook.
• Europe transportation management system market share is touted to surge at a rapid pace till 2032, attributed to stringent regulatory requirements and a focus on sustainability.
• The major companies in transportation management system market are Infor, Generix Group, CH Robinson, Oracle, Descartes, Manhattan Associates, Wise Tech Global, SAP, Worldwide Express, E2open, and Trimble.

• Less than 30 ships have been attacked by Houthis since they seized the Israeli-linked Galaxy Leader vessel in November.
• Unlike the 2021 Suez Canal blockage, traffic is still moving along the shortcut between Asia and Europe.
• Even if the path through the Red Sea to the Suez Canal becomes unusable, this is hardly unprecedented.

Transport choke points

• Choke points are narrow parts of main trade lanes, usually straits or canals.
• As the Houthis have shown, disrupting global trade at one of these choke points, does not require huge military power.
• Disabling the biggest choke points could have severe global consequences.
• Disruptions at choke points potentially have much larger effects around the world, as they affect traffic going to and from many countries.

Running out of routes

• Now water levels in the Panama Canal are so low that shipping capacity is severely limited.
• Shipping giant Maersk recently shifted cargo to the railway line running in parallel to the canal.
• What is left for most who are keen to avoid the Red Sea is the long detour around Africa.

Strait of Hormuz

• After Houthi attacks continued despite warnings, the military actions have sent a signal that free navigation will be protected despite the high cost.
• The Strait of Hormuz has a long history of tensions.
• The justification for the current military actions against the Houthis is likely to also contain a nod to this.

The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.