The Chinese New Year holiday, which lasted nearly one week, along with the Beijing Winter Olympics and the Communist ruling regime’s “zero tolerance” epidemic policy might exacerbate the global supply chain crisis amidst severe disruptions in global shipping, expects said. Container tracking platform Container xChange said in a late January survey that 66 percent of…
Global Supply Chain Crisis Deteriorates During Lunar New Year, Beijing Winter Olympics
February 19, 2022
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Global Supply Chain Crisis Deteriorates During Lunar New Year, Beijing Winter Olympics: Experts
February 19, 2022
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Beijing Winter OlympicsChinaChina Business & EconomyChinese New YearChinese RegimeeconomyEpidemic outbreaklunar new yearsupply chainUSzero policy
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The Chinese New Year holiday, which lasted nearly one week, along with the Beijing Winter Olympics and the Communist ruling regime’s “zero tolerance” epidemic policy might exacerbate the global supply chain crisis amidst severe disruptions in global shipping, experts said. Container tracking platform Container xChange said in a late January survey that 66 percent of…
Devon Energy Says Inflation, Supply Chain Snags to Drive up Costs 15 Percent
February 18, 2022
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DENVER—U.S. shale producer Devon Energy on Wednesday said it was anticipating a 15 percent rise in costs this year compared to 2021 due to inflation and supply chain constraints. U.S. oil prices have climbed to their highest levels in seven years, trading at nearly $95 a barrel, as activity has come roaring back amid a…
Airbus Upbeat on Freighter Sales, Plays Down Supply Chain Fears
February 15, 2022
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SINGAPORE—Airbus voiced optimism on Monday about sales of a new A350 freighter after Boeing launched a competing cargo version of its future 777X jetliner and said it was doing everything possible to shore up fragile global supply chains. Airbus launched the freighter version of its A350 wide-body jet last year to address rising air cargo…
Samsung to Hire Former US Ambassador as PR Chief for North America
February 14, 2022
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Former U.S. Ambassador to South Korea, Mark Lippert, is expected to join Samsung Electronics next month as head of corporate and government affairs in North America. Industry experts told The Korea Herald they believe the recruitment will allow Samsung to bolster its responsiveness to changing U.S. policies, especially those regarding chips, which have emerged as a…
Japan Flags Vulnerability to Supply Chain Reliance on China Ahead of Introducing New Economic Security Legislation
Japan flagged its supply-side vulnerabilities in a recent report, highlighting risks posed by the country’s heavy dependence on Chinese imports. On Feb. 3, Japan’s Cabinet Office released the latest edition of its twice-yearly World Economic Trends report. The report analyzes Japanese, American, and German goods trade with China, underscoring Japan’s larger share of imports from…
West Australian Supermarkets Announce Buying Limits As Shelves Run Bare
Panic buying has forced supermarkets in Western Australia (WA) to reintroduce buying limits, with the state bracing for shortages for a selection of products amid an ongoing supply chain crisis. Supermarket giants Coles and Woolworths have placed limits on goods normally imported from Australia’s eastern states, including toilet paper, painkillers, rice, pasta, and frozen vegetables….
Dairy, Agriculture Exports Take a Hit in Ongoing Supply Chain Snarl
Government officials and food producers sounded the alarm this week over the continuing supply chain snarl, saying many American exporters are unable to get their products to Asia and other markets. “This difficulty is definitely creating long-term market share loss for U.S. products, and I think that’s important for everyone to recognize,” said Andrew Hwang…
Global Commodity Supply Chain Highly Volatile in 2022
Food and energy importers are being hit with export bans and restrictions in a number of countries at the start of 2022: Argentina’s two-year ban on beef, Indonesia’s ban on coal, Mali’s ban on grain and related products, and Russia and Ukraine’s continued wheat export caps. In an effort to curb rising prices in the…
EU Launches WTO Action Against China
Some solar panel production lines are moving out of China. The shift follows new U.S. import restrictions on products tied to forced labor. Supply chains are shifting back to the United States. A new bill aims to help boost that process, especially for American semiconductor manufacturing. Former Secretary of State Mike Pompeo is calling on…
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