ECONOMIC GROWTH

POSITIVE OUTLOOK OF THE CONTAINER SHIPPING INDUSTRY

  • The DHL Ocean Freight Market update indicates a potential upturn in the global container shipping industry shortly.
  • Since October 2023, the ocean freight market has experienced year-on-year growth.
  • The global GDP is projected to increase to 2.5% this year from 2.3% in 2023.
  • Niki Frank, CEO of DHL Global Forwarding Asia Pacific, stated,“There are clear indicators that the economic tide is shifting in favor of trade growth.”

As per the recently released DHL Ocean Freight Market update report...

https://mfame.guru/positive-outlook-of-the-container-shipping-industry/

Navigating Economic Successes and Looming Challenges

Credits: Export Org UK

As we look at the current economic landscape, it’s a blend of good news and concerns, with low unemployment and steady growth, yet challenges like higher gas prices and changing consumer habits. The logisticsmgmt source.

  • Amid contrasting signals, the economy showcases low unemployment and steady GDP, yet grapples with inflation, rising gas prices, and shifting consumer spending habits.
  • NRF’s Kleinhenz highlights the slowing growth of consumer spending amidst higher...

https://mfame.guru/navigating-economic-successes-and-looming-challenges/

Greater Supply Chain Diversification Is The Shortest Path To Re-Globalization

Credit: Timelab Pro/Unsplash

If post-pandemic “re-globalization” is to take place and prevent world trade from splitting into two rival blocs, supply chains must be more diverse, as reported by The Loadstar.

Re-globalization 

Coleman Nee, a senior economist at the World Trade Organization, told attendees of the World Cargo Summit this week in Abu Dhabi that the world must decide how to rebuild after Covid.

Re-globalization necessitates a change in perspective on the supply chains we want, which...

https://mfame.guru/greater-supply-chain-diversification-is-the-shortest-path-to-re-globalization/

POLB powers 20% of local jobs

New study reports significant growth in economic impact

The Port of Long Beach is connected to one in five jobs in Long Beach, sustaining a local workforce that continues to drive economic growth across the region, according to a new Economic Impact Study prepared for the Port and presented Monday to the Long Beach Board of Harbor Commissioners.

As the nation’s second-busiest container seaport, activity at the Port supports 51,090 jobs in Long Beach alone, according to the Economic Impact Study...

https://container-news.com/polb-powers-20-of-local-jobs/