* World trade set to grow 3% in 2022; 3.4% in 2023 * Okonjo-Iweala urges action to avoid food riots * WTO economist sees no evidence of reshoring (Adds details, quotes throughout) By Emma Farge GENEVA, April 12 (Reuters) – The World Trade Organization (WTO) on Tuesday revised down its forecast for global trade growth […]
Reshoring News
Other demand drivers MS: We should also consider the effects of the growth of electric vehicles and electrification of light transportation in general. If we took the extreme scenario, and everything got electrified in light transportation by 2050, it would mean that basically, 2 billion cars would be driving around on electricity and not on […]
GlobalData’s latest report with the catchy title, “Thematic Intelligence: Supply Chain Disruption” had a look how companies could improve supply chain resilience by relocating production closer to home, diversifying their supply chain, digitalising their networks, and adopting a circular economy model. Unfortunately, reworking supply chains was complex and expensive, with no quick fixes. As the […]
By Robert Harrington, MPA, MEDP After decades of offshoring manufacturing jobs to lower-cost countries, a new economic renaissance is taking shape across the heartlands of rural America. Driven by a renewed focus on supply chain resilience, deglobalization pressures, and incentives for domestic production, major companies are increasingly “reshoring” operations back to the United States. This […]
In recent years, the move towards reshoring manufacturing processes back to the UK and EU has become a strategic transformation for manufacturers. The shift is driven by the need to enhance supply chain resilience, foster local innovation, and meet stringent sustainability goals, all while boosting local economies and job markets. Reshoring isn’t just about geography, […]
Yesterday, DP World opened three new sites in Romania, adding much-needed capacity to marine infrastructure that has welcomed far more vessels in recent years. Constanta, the largest container port on the Black Sea, is now home to two new facilities following a €65m ($70.6m) investment: a 5 ha project cargo terminal and a new roro […]
TEMPO.CO, Jakarta – The Ministry of Trade plans to make use of the bilateral trade agreement with Chile to boost the value of Indonesia’s exports to South America. Director General of National Export Development at the Ministry of Trade, Didi Sumedi, said he led a trade mission to Chile from the 9th to 10th of […]
Apple wants out of China, people with knowledge of the issue told the Wall Street Journal. It’s focused on production in Vietnam and India with a long-term goal of sourcing chips from Arizona. And while the tech giant is a reliable trendsetter with supply chain bona fides, the data and the experts indicate other consumer […]
The world’s most famous shipping economist, Dr Martin Stopford, is penning a fourth edition to one of the industry’s most seminal books, in which he has hinted that the era of big ships on deepsea trades is coming to a close. Stopford’s book, Maritime Economics, first published in 1988, has become required reading for many […]
Experts from Dun & Bradstreet say companies must always consider a number of potential risks when choosing a nearshore supplier In light of major global events, geopolitical issues and economic strife, supply chain risk management is being discussed and debated more now than ever before. Companies have been left scrambling for new, innovative or alternative […]
