The region that straddles the Danube in Romania and Bulgaria has made it a bread basket for centuries. But after years of corruption and political upheaval, it’s finally plugged into the world economy thanks to the EU’s open borders and money.
While most business leaders want to avoid a no-deal departure, continued uncertainty is not much better. With the cliff edge looming, and the prospect of another one in three months if the EU grants Parliament’s request for a further delay, collateral damage is mounting.
Chinese officials are willing to start purchasing more U.S. agricultural products as part of the “phase one” trade deal, but it is not likely to reach the $40 billion to $50 billion touted by Trump.
Just about every observer of the economy agrees that a recession is coming. The only question is when. Given the inevitability of a downturn, what are companies doing to prepare?
Freight volumes and pricing are continuing to weaken in air, rail and truck markets, according to the Cass Freight Index Report for September. The additional signs of contraction suggest that an economic downturn might be in the offing.
Challenge: A fragrance and flavor company wanted to create a foreign trade zone (FTZ) in which it could perform both manufacturing and distribution functions. Due to its many product formulations — and ingredients coming from the U.S. and around the world — tracking inventory was complex. Some incoming ingredients also skipped manufacturing and were sold raw.