Exhomeland Security Chief Ridge Touts Supply Chain Risk Management Value

Exhomeland Security Chief Ridge Touts Supply Chain Risk Management Value

Former Homeland Security Secretary Michael Chertoff emphasized at ProMat that supply chain security is not just asset protection, but also value creation. Companies should focus on the consequences of risks rather than the events themselves, building resilient supply chains, strengthening risk monitoring, and enhancing security awareness. By leveraging technology and fostering collaborative partnerships, businesses can address supply chain security challenges and achieve sustainable development. Focusing on resilience and proactive risk management is key to unlocking value and ensuring long-term success.

Understanding Free Detention: The Value and Significance in Ocean Freight Containers

Understanding Free Detention: The Value and Significance in Ocean Freight Containers

Free Detention is a period in international shipping during which the cargo owner can use the container without charge, typically lasting for 7 days. Exceeding this period incurs detention fees. Understanding Free Detention and the methods for applying for extensions is crucial for cargo owners to effectively manage transportation costs. The collection of detention fees aims to enhance the utilization of containers and prevent cargo owners from monopolizing them.