A Mexican truck blockade at a key Texas bridge is diverting U.S.-bound cargoes to far-flung crossings, worsening shipping snarls and raising the specter of delivery disruptions for everything from avocados to auto parts.
The U.S. Congress voted overwhelmingly Thursday to strip Russia’s normal trade status with the U.S. and ban imports of its gas, oil and coal, adding to the economic squeeze by the U.S. and its allies to punish Russian President Vladimir Putin’s government over the invasion of Ukraine.
Cases are at a record in Shanghai, now the epicenter of China’s worst outbreak since the start of the pandemic, and the lockdown has been extended indefinitely.
Shippers walk a tightrope in balancing sustainability goals with demand for goods and the need to remain competitive. Fortunately, the two paths don’t have to be mutually exclusive.
Europe is taking a big gamble as it moves to ban Russian coal, potentially leaving itself vulnerable to shortages and rolling blackouts while the rest of the world contends with surging prices.
Behind-closed-doors discussions reflect a wide angst over whether to keep buying from Russia, as the industry weighs the stigma from the war against its own commercial interests — and the fact that vital metals like aluminum and copper were in short supply even before the invasion of Ukraine.