Market Update – Wednesday 8th June 2022
June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
Here is an excellent CNBC news report on the state of the current global shopping industry from the July 2nd on YouTube – it’s about 10 minutes long and covers all of the points we have been making in the past 12 months about the issues we are facing with shipping – it’s well worth ten minutes of your day.
Around the world, some important ports are experiencing a massive influx of containers, resulting in long supply delays.
Trade wars, high demand, and a pandemic have created a perfect storm for the container ship industry, which is trying to stay organized in the face of a wave of market unpredictability.
The Ever Given, which clogged up the super important Suez Canal back in March of 2021, was the canary in the coal mine for recent global trade slowdowns.
But before this calamity, disruptions from the Covid-19 pandemic hit port after port, with the aftershocks hitting the consumer market.
In 2019, 11.1 billion tons of goods were moved across the world’s oceans.
And according to the World Shipping Council, the liner industry moves more than $4 trillion in goods annually. These vessels depend on people to get them from A to B and the complex logistics systems that make up the global trade network.
But what happens when things don’t go according to plan?
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
May 6, 2022
Indonesia The ban on palm oil exports put the market in a spin at the…
April 25, 2022
Update from Reuters JAKARTA, April 25 (Reuters) - Indonesia's agriculture ministry said on Monday that…
April 20, 2022
In a post-COVID World with global conflicts and some countries on the verge of a…
March 2, 2022
War by its nature leads markets into uncertainty. And for edible oil markets war in…
January 12, 2022
Due to ongoing Omicron COIVD outbreaks in the Philippines, we are seeing delays in getting…
If you require technical information about our products, then please login here to access the most up to date information...
Let's take a look at this...