This is an excerpt from the March 30, 2021 edition of Medically Necessary, a health care supply chain newsletter. Subscribe here.
The big challenge: Estimates vary widely, but the world will likely need billions — maybe more than 10 billion — doses of COVID-19 vaccines to stop the spread of the new coronavirus.
That’s much more vaccine than the world...
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.
The Biden administration issued an executive order on Jan. 25 designed to seek out more “made in America” sources to fulfill its procurement needs. Happily, this is mostly symbolic. It should be no surprise that the current and previous two administrations have used executive orders to tinker with Buy American policies. The Office of Management and Budget will set...
https://s29755.pcdn.co/news/viewpoint-buy-american-by-choice
Global trade fell 14.8% in the second quarter of 2020, according to Tradeshift, but evidence of an upward curve in June suggests the impact of the COVID-19 pandemic could bottom out at the lower end of the 13% to 32% decline predicted by the World Trade Organization.
Tradeshift’s Global Index of Trade Health, released Wednesday, used analysis of business-to-business transaction data to present a week-by-week picture of trade activity across global supply chains. Tradeshift said more than 1.5...
https://s29755.pcdn.co/news/tradeshift-green-shoots-of-economic-recovery-emerging
World merchandise trade is expected to remain below trend into the fourth quarter of 2019, according to the World Trade Organization’s latest Goods Trade Barometer. The indicator’s reading of 96.6 marks a slight improvement compared to the 95.7 registered in August, but it remains well below the index’s baseline value of 100, signaling below average growth.
The Goods Trade Barometer provides ”real time” information on the trajectory of world merchandise trade volumes relative to recent trends....
https://container-news.com/wto-goods-barometer-slow-growth-world-trade/
The WTO’s latest World Trade Statistical Review 2019 confirming a continuous uncertainty on global trade and a rise on trade-restrictive measures. The report highlights that trade continues to be concentrated. The ten leading traders in 2018 represented more than half of world trade, with the top five accounting for around 37% of global transactions.
Highlights
-World merchandise trade in 2018
The lack of availability of trade finance is impeding the trade opportunities of small businesses, specifically in developing countries, according to a new publication by the World Trade Organization (WTO) and the International Finance Corporation, launched on 3 July at the Global Review of Aid for Trade.
The publication, entitled “Trade Finance and the Compliance Challenge: A Showcase of International Cooperation”, looks into the reasons for the growing reluctance of the global financial sector...
In light of the Oceans Day celebrated in the shipping industry, the World Trade Organisation (WTO) published a video on a success story in sea life recovery in Costa Rica. A fishing community in Tárcoles, on the country’s Pacific Coast, decided to act and protect their livelihoods by setting up a marine conservation area.
Mainly, David Chacon, Coope Tárcoles, noted that fishing indiscriminately, and conserving fish when you’re hungry aren’t two compatible things. Thus, Costa Rica’s fishing...
https://safety4sea.com/watch-ocean-preservation-and-fishing/
World trade growth is possible to remain weak into the second quarter of 2019, according to the WTO’s latest World Trade Outlook Indicator (WTOI), released on 20 May. The new WTOI reading is 96.3, exactly as it was in the previous release in February 2019, maintaining the weakest level since 2010.
The latest WTOI is still well below the baseline value of 100 for the index, indicating continued falling trade growth in the first half of 2019. It should be noted that the WTOI does not reflect some...
https://safety4sea.com/trade-weakness-continues-into-second-quarter-wto-reports/
A delegation from the ICS, the Asian Shipowners’ Association (ASA) and the European Community Shipowners’ Associations (ECSA) has, at the World Trade Organization (WTO) in Geneva, raised concerns regarding recent increases in protectionist measures. The associations presented two position papers to the WTO, to highlight the importance of the shipping sector fully committing to the preservation and promotion of free trade policies and principles around the world.
This comes at a time when trade...
https://safety4sea.com/shipping-industry-worried-over-recent-trade-developments/
The world trading system should be continuously re-examined with regard to reforming the World Trade Organization (WTO) and the governance of data flows, given the escalation of trade restrictive measures and the impact on businesses, said Mr Akahoshi, President of JETRO.
The remarks were made on the occasion of an international symposium co-hosted by International Chamber of Commerce (ICC) and the Japan External Trade Organization (JETRO) in Tokyo, on 9 April.
Held under the theme: The World...
https://safety4sea.com/international-symposium-mulls-wto-reform-for-sustainable-economy/