Afternoon Coffee: Leaders Sign USMCA Trade Deal at G20; Pop-up Supply Chains Ease Strain

At the G20 summit Friday in Argentina, the leaders of the U.S., Mexico and Canada signed the USMCA trade deal that follows the two-decade-old NAFTA, the New York Times reports.

After a couple of years of rough negotiating, President Donald Trump sat down with President Enrique Peña Nieto of Mexico and Prime Minister Justin Trudeau to sign the pact, which governs hundreds of billions of dollars in trade among the nations.

“The new agreement lifts the risk of serious economic uncertainty that lingers throughout a trade renegotiation process,” said Trudeau, who also pressed Trump to remove tariffs on steel and aluminum.

Congress and the other nations’ legislatures still must ratify the accord, and the Times delves into the political considerations for U.S. lawmakers.

Flexible Warehousing Targets Demand

Seasonal demand and customers’ preference for fast deliveries have given rise to pop-up warehouse plans, Supply Chain Dive reports. The article explores the different types of warehouse options that are being tried, the costs involved and how technology is shaping the storage industry.

Hotel Data Breach Affects 500 Million Guests

The Starwood hotels acquired by Marriott came with a massive data hack — 500 million guests’ information could have been compromised, Marriott said Friday according to an Associated Press report. The article says Marriott-branded hotels were not affected and it lists the affected properties, acquired in the 2016 deal, as W Hotels, St. Regis, Sheraton, Westin, Element, Aloft, The Luxury Collection, Le Méridien, Four Points and Starwood-branded timeshare properties.

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