globaltrade
Frost & Sullivan finds that the Russian and Ukrainian economies will take a severe hit, contracting 11.5% and 25.5% respectively in 2022, while oil-exporting majors will reap gains from soaring oil prices San Antonio, TX – April 25, 2022 – The Russia-Ukraine conflict and resultant sanctions on Russia have disrupted global energy and food trade, increased logistics costs, and fanned inflationary pressures, creating a challenging environment for businesses and policymakers alike. While the crisis will result in a near-term slowdown of global trade and economic growth, the Russian and Ukrainian e...
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The U.S. trade deficit grew by 28.6% to $80.2 billion between January and November, compared to the same period last year – close to the previous record in September. Exports tailed off and gave way to more imports. Q3 2021 hedge fund letters, conferences and more U.S. Trade DeficitAs reported by Fox Business, the trade deficit in November grew 19.3% from $67.2 billion the previous month, according to the Commerce Department. The deficit for the month was short of the all-time record of $81.4 billion in September. “November imports, goods Americans bought from other countries, jumped 4.% to $3...
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According to an analysis by IHS Markit, the supply chain delays seen this year will carry on into 2022 and possibly 2023. The logistics crisis is worsening due to the economic rebound, staff shortages, and the overstrain in transportation systems. Q2 2021 hedge fund letters, conferences and more Supply Chain Delays EffectAs reported by CNBC, the extending of supply chain disruptions explains “why online purchases are taking longer to arrive, why there’s vacant space on store shelves, and why the furniture you ordered is taking months instead of weeks to arrive.” The immediate effect amid risin...
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Companies in China are facing new logistics problems that are increasing container shipping costs up to five times. The pandemic and trade disruptions are the culprits, as the global supply chain remains under threat. Q2 2021 hedge fund letters, conferences and more Logistics Problems, AgainFang Xueyu, vice president of international marketing and general manager for Asia-Pacific at Hisense, was quoted as saying on CNBC: “The cost of shipping containers has climbed five-fold from about $3,000 to as much as $15,000 each.” Further, it is now taking one additional week for containers to reach Eur...
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Ensuing restrictions of a now-controlled COVID 19 outbreak in southern China in late May have caused an enormous shipment pileup, bigger than that of the Suez Canal. Q1 2021 hedge fund letters, conferences and more The Yantian port –50 miles north of Hong Kong– was closed for a week, and upon reopening, the hopes of it soon going back to full operational capacity are dwindling, causing massive delays in both outbound and inbound shipments. According to Bloomberg data quoted in Aljazeera, there are 139 container vessels currently anchored off the Chinese coast, which accounts for more than 50% ...
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project44 tracking shows the scope of growing Suez Canal congestion and supply chain delays Q4 2020 hedge fund letters, conferences and more The Suez Canal Congestion Is Goinng To Get WorseChicago, IL, March 24, 2021 -- A growing number of ships are currently trapped in the Suez Canal after the 20,000 TEU container vessel Ever Given ran aground Tuesday at 7:40 am local time. The incident is going to worsen major shipment delays as traffic on one of the world’s business waterways grinds to a halt. As of March 24, 3:50 pm CET, supply chain visibility company project44 was tracking 34 container v...
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