globaltrade

Red Sea Crisis: How Asian Firms Find Winners and Losers Amid Soaring Freight Rates

9 months ago

The crisis unfolding in the Red Sea has significantly impacted international trade, causing fluctuations in freight rates that create both opportunities and threats for Asian companies. In recent weeks, freight prices have risen sharply, prompting many carriers to reassess their strategies and cost estimates. This situation has arisen against the backdrop of geopolitical instability affecting shipping lanes and cargo volumes through this vital waterway.

Bank of Canada Warns of Potential Price Increases Due to Shifts in Global Trade

9 months ago

Recent statements from the Bank of Canada raise significant concerns about how changes in global trade may impact the prices of goods and services in the country. In its latest report, the central bank noted that the reconfiguration of supply chains and adaptation to new commercial realities are leading to increased costs. Specifically, changes in production and distribution processes due to geopolitical factors and the drive for more sustainable sources could put pressure on prices.

Global Goods Trade Recovery Extends into Third Quarter, WTO Says

9 months ago

According to the World Trade Organization (WTO), the recovery of global goods trade is gaining momentum as it enters the third quarter of 2024. Trade analysis indicates that global trading volumes are showing sustainable growth, suggesting optimistic forecasts for the entire economy.

Global Ports Face Challenges in Shipping Trade

9 months ago

In recent years, global trade and shipping have encountered a number of significant changes and difficulties. The shipping market has shown its vulnerability to economic and geopolitical shifts. These changes significantly impact the operations and infrastructure of ports, which in turn affects global supply chains.

Growth of Global Trade Volumes and Resilience of Supply Chains

10 months ago

Recent data indicates that global trade volumes remain high despite a range of economic challenges. The main factors contributing to this growth include recovery from the COVID-19 pandemic and businesses adapting to shifts in consumer preferences and localizing production. While many experts predicted a more significant drop in trade due to inflationary pressures and global political conflicts, current figures demonstrate the resilience of supply chains and their ability to adapt to new circumstances.