Author: Peter Yang

Global Warming and Its Effect on the Shipping Industry

According to the majority consensus within the scientific community, it is widely known the Earth is warming up faster than in previous years, having record temperatures year after year due its high greenhouse gas emissions from human activities. A record-level low of sea ice has been seen in the Arctic over the past few months. It worries scientists – and the general public should be worried, too, since arctic animals such as polar bears are estimated to decline by at least 30% by the year 2050. We can reduce human activities that lead to climate change, beginning with reducing greenhouse gas emissions. Global...

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Impacts of Withdrawal from the Trans-Pacific Partnership

The Trans-Pacific Partnership (TPP), negotiated under former U.S. President Barack Obama, is a multinational pact between Australia, Japan, Mexico, Canada, New Zealand, Peru, Chile, Peru, Malaysia, Singapore, Vietnam and Brunei. Though the TPP was never passed by U.S. Congress, President Donald Trump has signed an executive order to officially withdraw the United States out of the Trans-Pacific Partnership, as he had pledged to do during his campaign. Withdrawal from the TPP is seen as a win for most labor groups, because they believe withdrawal would help alleviate the loss of manufacturing jobs and lower wages in our nation. The labor...

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How Self Driving Vehicles Could Hurt the Auto Industry

There is a saying that those who does not change, adapt, evolve, will be left in the dust. Words that best put it, said Nokia’s CEO: “We didn’t do anything wrong, but somehow, we lost.” These are the last words from Nokia CEO during the 2013 announcement that they had been acquired by Microsoft. It gives a glimpse of what change does to you. Nokia used to own majority of smartphone market, not until Apple came out with the new innovation of the iPhone during 2007 that took majority of the market by storm. They became one of the...

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Clear Sailing with Federal Maritime Commissions (FMC) Supply Chain Innovation Team Initiative

Clear Sailing with Federal Maritime Commissions (FMC) Supply Chain Innovation Team Initiative It was not too long ago, a year or two ago that the port strike in the west coast that had months of delays and congestions. Thus resulting in billions and billions of dollars lost due to goods were stuck at ports which disrupted flow of good across the country. There were numerous of complaints had been filed with no avail as if you were speaking air. Even though the Federal Maritime Commission (FMC) felt the duty to take action, but felt it would not have had...

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Is low oil price a good thing? The impact of declining oil price on now and future

The reason why oil prices are low is not because demand is low, but because the oil industry is saturated with over supply. The impact of over supply is causing such a dent on the price that even general higher demand for oil during winter season isn’t really affecting the price at all. Weeks ago, oil prices fell below $37 a barrel down from its 2014 peak over $100. According to analysts, it has potential is go even lower. What are the factor behind these low prices? The obvious reason and simple explanation is because supply is more than its...

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