Rumors of the U.S. dollar’s decline have been circulating for several weeks, prompting discussions about its future as the dominant currency for global trade since the Second World War. Speculation suggests that the dollar’s influence is waning, fueled by reports of Russia contemplating the use of China’s yuan for international trade and Saudi Arabia […]
Read MoreThe outlook for air cargo over the coming year remains mixed with several factors set to impact performance.Speaking at IATA’s World Cargo Symposium in Istanbul, IATA economist Bojun Wang predicted that air cargo demand was set to decline by 4% this year compared with 2022 levels. He said that this reflected the ongoing challenging […]
Read MoreChinese exporters displaying their products at the largest trade fair in the country have expressed concern that their businesses are being impacted by the weak global economy. Some have even frozen investments and reduced labor costs in response. The subdued mood at the Canton Fair in Guangzhou suggests that China’s unexpected surge in exports in […]
Read MoreCanton Fair: Exporters from China adopt a more assertive approach as they compete for foreign buyers. China’s Canton Fair, also known as the China Import and Export Fair, the country’s largest and oldest trade fair, has resumed in-person exhibitions after three years of being held online due to the pandemic. The fair, which began […]
Read MoreNew numbers from the Federal Reserve Bank of New York show that container freight and the flow of goods from A to B are returning to normal across global supply chains. March 2023 figures provided by the US Federal Reserve Bank of New York report the Global Supply Chain Pressure Index (GSCPI) falling to […]
Read MoreWASHINGTON – The National Retail Federation today issued its annual forecast, anticipating that retail sales will grow between 4% and 6% in 2023. In total, NRF projects that retail sales will reach between $5.13 trillion and $5.23 trillion this year. “In just the last three years, the retail industry has experienced growth that would normally take almost a decade by pre-pandemic standards,” […]
Read MoreRecent airfreight rate data appears to show that the air cargo market may have reached a new normal but the outlook remains cloudy. Writing in his monthly column for the Baltic Exchange Airfreight newsletter, Bruce Chan, director and senior research analyst covering global logistics and future mobility at investment bank Stifel said that airfreight […]
Read MoreThe desire of Western countries to relocate parts of their manufacturing out of China is hindered by the lack of port capacity in India and Southeast Asian countries to handle large container ships. The current Asian setup, where most export goods are produced and shipped from China, makes it difficult and expensive to change. […]
Read MoreAccording to industry experts, due to 76% of the U.S. population residing closer to the East Coast, it is not surprising that more cargo will head there. Consequently, ocean freight will continue to move from ports in the Pacific to ports on the East Coast of the United States. John McCown, founder of Blue […]
Read MoreChina Travel Restrictions & Travel Advisory Exciting News for Travelers as China Opens Borders After Three-Year Hiatus. China has finally opened its borders to tourists after a three-year wait. As of March 15, all travelers with valid Chinese visas can enter the country without the need for a new visa application, including those with tourist […]
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