CARM: What all importers need to know about CARM

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How is COVID-19 affecting global trade?


We are living through a once-in-a-lifetime crisis that has injected alarm and uncertainty into our lives.  The Coronavirus is causing serious disruption and a great deal of uncertainty to global supply chains.  In fact, as things stand today, we have no clear indication of when it will be brought under control.

The general effects of COVID-19 on international trade and supply chains will continue to have a massive impact on the delivery of goods for the next few months and this can be attributed to:

  • Governmental restrictions and countries shutting down their borders and economies.
  • Drastically increased prices for certain goods and order cancellations by customers.
  • Surging trucking demand as retailers restock.
  • Soaring airfreight rates as demand outstrips capacity and airlines cancel flights.
  • Ports facing excessive volume swings creating operational difficulties.
  • All modes of transport, ports, warehouses and terminals facing labour shortages due to workers with COVID-19, as well as shortages of appropriate equipment to properly protect vital workers from becoming sick.

It is impossible to list all the different ways this crisis is affecting the ability to keep cargo moving.  For this reason, Universal Logistics has introduced Coronavirus (COVID-19) Alerts, an email service providing our clients with concise and informative updates by mode of transport on a regular basis.

We have also added a new page to the Universal Logistics web site under Client Care dedicated solely to this critical topic, including a list of informative FAQs.

These are uncertain times and it is now even more important to be fully aware of the potential disruptions impacting the delivery of your goods.  If you have not done so already, please make sure you are signed up to receive Universal’s Email Alerts! and visit our web site often.

For more information, contact Chris Barnard, Vice President – Projects & Market Development.

Quick Tip #5
Clarifying the limitations of Incoterms

Don’t make the mistake of assuming Incoterms define anything other than the terms of delivery. For example, Incoterms do not cover:

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