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Global Trade & Economics: Page 227

Companies Are Rethinking Their Supplier Networks After Covid

The pandemic has changed the nature of global supply chains with companies seeking to source goods from multiple places in order to minimize shipment and production disruptions.

Photo: Bloomberg

Massive Fuel Exports Hinder U.S. Efforts to Build Supplies at Home

Robust demand from Latin America is set to lift U.S. Gulf Coast fuel exports to new heights this month, hampering efforts to build up national inventories amid soaring prices.

Photo: Bloomberg.

Are Your Products Eligible for Tariff Refunds? Here's What to Know

USTR has announced it will reinstate through the end of this year more than 350 previously expired China duty exclusions under Section 301 of the Trade Act of 1974. It’s important to act now to identify qualifying exclusions and estimate potential duty refund amounts.

An aerial view of the Port of Shanghai in Shanghai, China. Photo: Getty Images.

Shippers With Pollution-Curbing Equipment See Huge Fuel Savings

Ship-owners that invested in pollution-reducing equipment to let them burn dirtier fuel are enjoying massive discounts due to a supply glut.

Emissions from a cargo ship at dusk. Photo: Shutterstock.

Crypto Is No Hedge Against Inflation, Says One Crypto Cheerleader

Weeks ago, Moe Vela was saying that cryptocurrencies, contrary to claims by many crypto enthusiasts, were not a viable hedge against inflation. Recent events have served to prove him right.

Photo illustration of Bitcoin cryptocurrency. Photo: Karolina Grabowska/ Pexels.

LA Port Braces for Early Peak Cargo Season as Consumers Keep Buying

The Port of Los Angeles is preparing for the early arrival of the 2022 peak season for cargo as retailers stock up on back-to-school and fast-fashion products despite high inventory levels.

Palm trees stand before stacks of shipping containers at the Port of Los Angeles in Los Angeles, California. Photo: Bloomberg.

De-Mining Ukraine’s Ports Could Take Months While Seafarers Remain Trapped

Removing sea mines near Ukraine’s key ports could take months, and hundreds of seafarers are still stranded in the region following Russia’s invasion of the country, according to the United Nations agency responsible for shipping safety.

Empty dry docks at the Port of Odessa in Odessa, Ukraine. Photo: Andrey Sarymsakov/ Canva.

Latin America Free Zone Sees Silver Lining in Supply Chain Kinks

Uruguay’s largest free zone operator Zonamerica SA, which hosts over 350 companies, plans to break ground on more than $100 million in real estate projects through next year as it bets stressed global supply chains will boost the country’s appeal as a regional hub.

Workers walk next to wind turbine equipment and shipping containers at the Port of Montevideo in Montevideo, Uruguay. Photo: Bloomberg.

China Export Boom Fades as Supply Chains Shift

After two years of record exports, Chinese manufacturers are turning downbeat as consumers in their biggest markets curb spending and Covid lockdowns drive customers to competitors in the region.

Workers assemble products at the Logitech International SA factory in Suzhou, Jiangsu Province, China. Photo: Bloomberg.

EU Nations Warn Brussels Over Crisis Plan for Supply Chain Gaps

Nine European Union member nations warned the bloc against overstepping its authority when it offers later this year a new plan to protect the bloc’s supply chain during crises, according to a letter.

EU flags wave outside the headquarters of the European Commission in Brussels, Belgium. Photo: Bloomberg.

Forget Nearshoring — Manufacturing Supply Chains Are Going Regional

What does it take for manufacturers to fundamentally rethink a decades-long trend toward globalization?

Insolvency Report Reveals Near-Term Supply Chain Challenges

After some promising signs of supply chain stabilization toward the beginning of the year, suppliers and distributors across the globe are suddenly finding increased exposure to the risk of insolvency.

Late U.S. President Abraham Lincoln is seen on a five dollar bill. Photo: Pexels.

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