Is China’s Heat Wave the Next Global Supply Chain Disruptor?
The Chinese province of Sichuan is currently experiencing a major heat wave and drought. Sichuan is a large hub of international manufacturing, so this is especially bad news for the global supply chain.
Lower-Income Households Are Eating 89% Of Meals and Snacks at Home, Says The NPD Group
According to recent research by The NPD Group, lower-income households, which are classified as under $75,000, are eating 89% of meals and snacks at home.
By 2026, the Freight Forwarding Global Market Is Expected to Increase to $220.34 Billion
According to a recent report by ResearchAndMarkets, the global freight forwarding market is expected to increase to $191.71 billion this year. By 2026, the market is expected to increase to $220.34 billion at a compound annual growth rate of 3.5%.
Although Freight Rates Declined in July, That Doesn’t Mean Supply Chain Issues Are Fixed
Although freight rates declined by almost 2% in July, that doesn’t mean that supply chain issues are fixed.
China Has Suspended All Imports From Australia and New Zealand
The China Federation of Logistics and Purchasing has announced that China will be suspending all imports from Australia and New Zealand immediately.
New China-US Shipping Line to Launch
the service is starting with sailings between Humen and Taicang in China sailing to Portland, Oregon.
Is Supply Chain Data Imperative to Solving the Global Food Crisis?
The world as a whole is experiencing a food crisis which is due to food waste, shortage of goods, and increased costs from inflation. That said, the food supply chain is able to exponentially reduce food waste.
The Global Paper Cup Market Is Expected to Reach $37.2 Billion by 2032
According to a recent report by Future Market Insights, the global paper cup lids market is expected to reach $37.2 billion by 2032 growing at a moderate CAGR of 3.9% overtime.
New China-Scotland Direct Ocean Freight Line Set to Sail
According to the BBC, “The new service aims to cut the journey time from about 60 days to an estimated 33 by eliminating unscheduled port congestion delays in Rotterdam.”
Delivered July 14th
Restaurant menu prices have continued to reach new highs due to inflation. According to the Bureau of Labor Statistics, full-service meal prices increased 8.9% while quick-service menus increased 7.4%. Customers and restaurants across America are feeling the inflation pressure.
