Industry players project high inventories, low demand and reduced rates, among others. Although the supply chain crisis as a result of the impact of Covid-19 has been concluded, it is clear that things do not go from white to black overnight. HSBC has indicated that world trade growth next year will likely slow to 1.1%, […]
From Hapag-Lloyd they added that the transition to a less profitable period will be smoother than in other recessions. Container shipping rates could end their steep decline early next year and the sector’s move into a less profitable period will likely be a «softer landing» than in previous recessions, the CEO of the fifth-biggest shipping […]
Companies like FedEx and Amazon have had to lay off large numbers of staff and curtail their operations. According to the International Monetary Fund (IMF), the world economy continues to face great challenges. The slowdown expected in 2023 will affect many economies, as countries that account for a third of the world economy will contract […]