Soaring freight rates and delivery delays have sparked a global backlash by companies frustrated about the destructive mix of deteriorating service and higher ocean shipping costs.
On top of a faltering vaccine program, which is likely to cost thousands of lives and billions in lost output, the European Commission president and her team have done real damage to the EU and its self-image as a champion of open markets.
A perfect storm of currency debasement, higher taxes, and declining purchasing power is driving manufacturers to focus on overall spend, cost-cutting, and the need to optimize cash conversion.
Freight companies are rejecting one in five contracts to take goods from France to the U.K. as border rules put in place after Brexit added to delays in moving goods across the English Channel.
Clifford Sosnow, co-chair of the Trade and Investment Group of the Fasken law firm, reviews the pressing international trade issues that will confront President Biden in the early months of his administration.
As China pushes the world to avoid official dealings with Taiwan, leaders across the globe are realizing just how dependent they’ve become on the island democracy.