Analyst Insight: Never have tariffs held such a prominent place in the day-to-day global operations of businesses. The current U.S. administration has levied millions of dollars of tariffs on U.S. businesses, regardless of size. As a result, any company that imports or exports is experiencing increased costs to make, move or sell their products. And
Analyst Insight: Forecasts indicate slower growth in global trade in 2020. Despite this trend, there are opportunities for shippers and providers of logistics and transportation services, especially in emerging countries such as Vietnam, India and the Philippines. Taken together, emerging markets are expected to grow at a higher rate than mature markets in 2020. Global trade
Quach Ngoc Thien should be basking in good times. His fabric-dyeing company is woven tightly into the global garment supply chain. Located in bustling Ho Chi Minh City, Hong Le Trading Co. is emblematic of the promise of a rising Vietnam, which enjoys one of the world’s fastest-growing economies. And now it’s expanding, creating a
Artificial Intelligence has been called “the new oil” since it has become a resource for businesses to streamline processes. AI can help make sense of data by mining and processing large amounts of information. It can also free resources to focus on more strategic tasks and minimize errors. Sectors such as cross-border trade are ideal
China has pledged to buy almost $95 billion worth of additional U.S. commodities as part of a phase one trade deal. The market is not so sure. Prices fell for most raw materials that are part of the agreement. The Bloomberg Commodity Index added 0.1% after dropping 0.4% on Wednesday as the agreement was announced.