U.S. manufacturing orders in China fall 40%

Trade & Border IssuesHot SpotsSalesMoney Matters
Written By Jennifer Joslyn

In what Joe Monaghan, CEO of Worldwide Logistics Group, is describing as an “unrelenting collapse”, American-issued manufacturing orders have plummeted 40%. As the Chinese New Year approaches, Chinese factories are shutting down shop a few weeks earlier than usual as container volume continues to drop, now to 21% between August and November.

The ocean transport business climate seems bleak, as Asia-based global shipping firm HLS issues literal warnings to its clients regarding delays. The increasingly heated market competition will likely further complicate things.

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Jennifer Joslyn
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