Forecasts indicate slower growth for global trade this year, but there are opportunities for shippers and providers of logistics and transportation services — especially in emerging countries such as Vietnam, India and the Philippines.
Analyst Insight: Never have tariffs held such a prominent place in the day-to-day global operations of businesses. The current U.S. administration has levied millions of dollars of tariffs on U.S. businesses, regardless of size. As a result, any company that imports or exports is experiencing increased costs to make, move or sell their products. And companies are making significant investments in their global supply chains to mitigate the collateral damage that the trade wars are wreaking.
The spreading health emergency in Asia’s top economy has sent shock waves through raw material markets and the companies that ferry goods across the world’s oceans.
Unlike other big developing Asian nations such as Indonesia or India, which depend more on domestic demand to fuel their growth, Vietnam is particularly vulnerable to geopolitical risks because of its reliance on trade.
Shippers and 3PLs are getting serious about supply-chain financial management, a new study shows, with many employing senior-level finance leaders into their teams.
The world’s top steelmaker is wrestling with the effects of the deadly, rapidly spreading virus that’s seen impacting labor, logistics and demand across China.
It took five decades for global elites to put climate change at the center of the World Economic Forum, and this year — with rising temperatures and cutting emissions finally dominating the agenda — it seemed almost no one could stop talking about it.
Germany took first place in the 2020 Bloomberg Innovation Index, breaking South Korea’s six-year winning streak, while the U.S. fell one notch to No. 9.
Cyclical market swings are being exacerbated by new legislation and the entry of Amazon into the delivery business — factors that are likely to drive rates even lower.