- Since China’s zero-Covid policy continued through April and May, trade data is not expected to see an increase in these months. Furthermore, world trade decreased by 0.2% in March, while imports from China decreased 12%. Due to the war in Ukraine and also the lockdown in Shanghai, upcoming April data will reflect these true effects.
Source: Hellenic Shipping News. Read the full article here.
- Having an excellent loyalty program in the casual dining space is becoming table stakes. Customers are not just looking to be rewarded, but they are expecting it. While there are plenty of benefits for the customers, it’s beneficial for the restaurant because it encourages customers to come back more frequently. Some tips when considering a loyalty program are that having a mobile option is a must-have (never underestimate the ease of technology), value will need to rise with inflation, and deliver an experience to your customers (think outside the box and what will really drive attention to your restaurant and will make customers want to visit).
Source: FSR Magazine. Read the full article here.
- The world’s largest shipping Port, the Port of Shanghai, is gearing up for an uptick in demand and freight costs as manufacturing activity in Shanghai is increasing after a two-month lockdown that began in April 2022. Since April, the Port of Ningbo has been exporting most goods, 3.97 million twenty-foot equivalent units (TEUs) of container to be exact, but volume is now full steam ahead in Shanghai since reopening.
Source: China Macro Economy. Read the full article here.