(Bloomberg) — China’s trade plunged in July as slowing global demand clouded the outlook for exports, while domestic pressures weighed on imports in a hit to the economic recovery. Overseas…
https://gcaptain.com/chinas-trade-plunges-more-than-forecast-in-blow-to-recovery/
(Bloomberg) — China is facing pressure on trade as foreign shipments drop off and domestic demand remains weak, with a darkening global growth outlook and geopolitical tensions making a reprieve…
https://gcaptain.com/chinas-worse-than-expected-exports-deal-new-blow-to-economy/
By Ishika Mookerjee (Bloomberg) China’s exports and imports both contracted at steeper paces in November as external demand continued to weaken and a worsening Covid outbreak disrupted production and cut demand…
https://gcaptain.com/china-exports-collapse-but-car-exports-remain-strong/
By Ellen Zhang and Ryan Woo BEIJING, Nov 10 (Reuters) – China’s usual year-end export surge is in doubt as weak global demand dims a rare bright spot for the world’s second-biggest…
https://gcaptain.com/chinas-year-end-export-surge-in-doubt-as-global-demand-falters/
By Nick Savvides (The Loadstar) – Capacity demand for Chinese exports is in decline, mainly due to full inventories in Europe and the US, which has seen carrier utilisation also decline…
https://gcaptain.com/could-chinas-exports-be-under-long-term-threat/
By Ellen Zhang and Ryan Woo BEIJING, July 13 (Reuters) – China’s exports rose at the fastest pace in five months in June as factories revved up after the lifting of COVID…
https://gcaptain.com/chinas-exports-bounce-back-but-global-risks-darken-trade-outlook/
What happens in China doesn’t stay in China. And for American supply chains, that is usually a good thing. American businesses have become dependent on low-cost goods coming from Chinese suppliers. But in a post-COVID world that may be entering the Second Cold War, reliance on China means that American businesses are held hostage by an autocratic regime that seems oblivious to the damage it is doing to its own economy, much less the global one.
Since the earliest days of COVID-19, China has...
With global supply chains buckling under huge order volumes and a confluence of disruptive forces, shippers should prepare for 2021 to be a perpetual peak season across all transport modes, logistics experts warn.
Competition for freight space is so fierce that companies will need to pay exorbitant premiums to get on planes and vessels and apply more flexible shipping methods to avoid delays.
And the unusual move to keep factories open during the long Chinese New Year holiday means freight...
https://www.freightwaves.com/news/global-supply-chains-choke-under-tsunami-of-freight
For some companies, the COVID-19 pandemic has proven a bonanza for sales and revenue. That was true for Peloton (NASDAQ: PTON), which on Thursday announced a 128% quarter-over-quarter sales growth for its fiscal Q2 2020 and earnings per share of 18 cents versus an expected 9 cents. Revenue surpassed $1 billion, reaching $1.06 billion versus $466.3 million a year before.
But port congestion and skyrocketing sales overwhelmed the company’s supply chain. Despite the record earnings results,...
https://www.freightwaves.com/news/covid-broke-pelotons-supply-chain-can-100m-fix-it
The outlook for economic recovery and better health for airlines is more pessimistic and that’s bad news for manufacturers and other shippers seeing input costs rise due to higher transport prices in the COVID era.
Passenger airlines are reporting huge second-quarter losses, terminating employees and slowing the reintroduction of flights as the coronavirus flares up. Fewer flights means fewer transport options for shippers already facing a supply shortage, but full-freighter operators – and freig...