Biggest issue of 2016? Consolidation JOC “To quote Albert Einstein: ‘We cannot solve our problems with the same thinking we used when we created them.” So wrote Michael White, president and CEO of Maersk Line North America, in one of 150 executive commentaries in The Journal of Commerce’s January 2015 Annual Review and Outlook. For sure, as 2015 opened, global supply chain interests may not have imagined just how disruptive the year would be, despite the International Longshore and Warehouse Union and employers already being more than six months into contentious labor talks and with sporadic disruption already hitting West Coast ports. Though the contract was resolved early in the year, the residual impact lasted well into spring, and importers and exporters lost billions of dollars in sales and damaged product. The Federal Reserve said the dispute likely contributed to the 0.2 percent decline in second-quarter U.S. GDP. Without doubt, it became the story of the year.

Economy may grow at 7.9% next fiscal: India Ratings Business Line The Indian economy is expected to grow by 7.9 per cent in the next fiscal and may progress at a similar pace over a couple of years extending beyond 2019, India Ratings & Research (Ind—Ra) said today. “Ind—Ra expects the gross domestic product (GDP) to expand at 7.9 per cent in 2016—17 compared with 7.4 per cent in 2015—16. “After bottoming out in 2012—13, it believes the GDP so far has followed a steady growth trajectory and is expected to do so even in the medium term”, the agency said in its yearly growth projection outlook. It added that the various macro parameters show that India has and is likely to perform better than its peers in the near term. “India still remains a growth story. The population dynamics is extremely favourable for India. Even though the consumption demand is seen up, investment demand is still slow. Most of the investment growth is largely by government. Logistics Chennai,International Freight Forwarders in Chennai, Custom Clearance Agents in Chennai , Checkout http://www.jupiterseaair.com