U.S. manufacturing orders in China fall 40%
In what Joe Monaghan, CEO of Worldwide Logistics Group, is describing as an “unrelenting collapse”, American-issued manufacturing orders have plummeted 40%.
Inflation and hiring are head-to-head, and hiring is winning
Despite stubbornly-high inflation and slowing economic woes, the economy has added 263,000 jobs and kept the unemployment rate at a low 3.7%.
Weakening global demand leaves Europe and Asia struggling
December 1st S&P Global surveys are showing the bleak outlook and diminishing activity in both Europe and Asia are affecting factories in both regions for the next few months, at least.
Chinese solar manufacturing giants buckle down against international trade challenges
China is asking some of its biggest solar panel manufacturing companies to get tough and hold steady against an incoming barrage of international “threats” to their trade power.
Regardless of pushes for more taxpayer money, the USPS is supposed to be self-sufficient, by law
The issue is now decades-old, but still persistent. The United States Postal Service is desperate for reform, even after taxpayer money is continually dumped into it.
Still battling Covid, China’s air traffic sinks to 35% of 2019 levels
While there have been many critics of China’s zero-Covid policy, it’s clear that the country’s flight activity is very indicative of the economic toll these policies are taking.
China’s leader Xi Jinping is facing angry citizens and a failing economy
The possibility of a public health crisis seems to be fueling the doubling-down of strict Covid lockdowns within the country.
The House of Representatives passed legislation blocking a railroad labor strike
President Joe Biden publically urged Congress to intervene just two days prior, suggesting that a rail shutdown would devastate the economy.
U.S. Commerce Secretary Gina Raimondo insists America doesn’t want to cut ties with China
Raimondo vocalized this in a speech on Wednesday, despite the obvious and glaring steps America is taking to protect its technological and military prowess from Beijing.
Indian operations are laid off amid Amazon global cuts
Regardless of India being one of the most crucial markets of growth, Amazon’s Chief Executive Officer Andy Jassy’s cost-cutting campaign is making its mark on the country.
The FIFA World Cup in Qatar is teaching a surprising lesson in sustainability and energy transition
Whether you’re a big soccer/football fan or not, industrial companies are certainly getting a crash course in sustainability challenges at the biggest global sporting event of the year.
Both Covid and protests are spreading throughout China
The economic activity of the country is plummeting as outbreaks of sickness and violent protests accelerate.
Foxconn’s iPhone factory shutdown will cost Apple $1 billion in iPhone sales per week
Chinese authorities imposed a seven-day lockdown of the central Chinese city of Zhengzhou last week, shutting down Apple’s iPhone factory in the location.
Zhengzhou, China’s iPhone factory faced a violent workers’ revolt last week
Apple’s supply chain took another blow as protests broke out among newly-hired staff at the location.
3rd times a charm? Port of NY & NJ overtakes San Pedro for 3rd consecutive month
San Pedro Bay, home of the Ports of Los Angeles and Long Beach, has long been the king of America’s oceanside ports.
Migrating manufacturing to Mexico from China might pay off
It remains to be seen long-term, however, the near-shoring trend may reduce the amount of supply chain constraints that have stressed the industry over the past few years.
Labor shortages are affecting customs and border agencies
This global problem is slowing down the already-slow process of passing goods and services across the world.
Capping Russia’s oil exports in an attempt to nail Moscow’s military budget
That’s the latest way Western companies are punishing Russia for its invasion of Ukraine - making way to limit its fossil fuel earnings.
Global shipping services are the key component to watch when evaluating international shipping costs
What shipping services are being offered today? That’s the question shippers need to ask when evaluating their global shipping network in the wake of challenging pandemic-riddled years.
Mainland China is being racked by Covid, once again
The daily Covid case count has risen to around or more than 28,000 positive cases, which matches the numbers mentioned during the Shanghai lockdowns earlier in 2022.