With shipping logjams slated to continue throughout the next six months, some are predicting what’s being called “a never-ending peak season” for all of 2022, in which there’s less supply than demand.
Kenneth Roberts, chair of the construction law group with Venable LLP, explains why the need for an infrastructure bill now is dire — but will the promised funds for construction and maintenance actually materialize?
A bipartisan push to make the U.S. more competitive with China and bolster domestic chip production risks falling by the wayside as Congress grapples with a packed year-end agenda in an ever-more-divided Capitol.
In the midst of a growing supply chain crisis, suppliers are increasingly being forced to accept longer payment terms from buyers. Both sides are desperate to protect their cash, but the trend threatens to undermine the stability of suppliers, and can only serve to exacerbate the situation.
The global economy’s supply crunch is propelling inflation at such a fast pace that central bankers may be forced to respond, even though fixing that imbalance is beyond their power.
Global ports are growing more gridlocked as the pandemic era’s supply shocks intensify, threatening to spoil the holiday shopping season, erode corporate profits and drive up consumer prices.
European Central Bank President Christine Lagarde warned that the globalized nature of the euro area’s economy makes it highly vulnerable to systemic shocks from supply chain disruptions.
When a fashion industry sustainability group called out China over its treatment of Uyghur Muslims, the idea was to nudge Beijing toward human-rights reforms while cleaning up a troubled corner of the $60 billion global cotton business. Western brands have learned the hard way that things don’t work that way in China.
China’s week-long holiday has exacerbated congestion at two of the country’s busiest ports — Shanghai and Ningbo — where hundreds of cargo ships are waiting to berth.
