Via China Daily comes a rather long but interesting article that breaks down the good and the bad facing China’s logistics industry.
The challenges:
With energy costs persistently on the rise and mounting inflationary pressures, China’s logistics sector is suffering a steady fall in profit margins that may herald a possible reversal of the past [...]
Via Lloyd’s List:
The world’s fourth busiest and China’s No.2 container port handled 10.2m teu in the first six months of this year, 7.2% higher than the same period last year, according to initial figures from the Shenzhen transport bureau.
The transport bureau attributed the slower pace of growth to shrinking US export volume and a [...]
Via Bloomberg.com:
Overseas shipments grew 17.6 percent from a year earlier, after gaining 28.1 percent in May, the customs bureau said on its Web site today. That was less than the 22 percent median estimate of 23 economists surveyed by Bloomberg News.
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The trade surplus narrowed 20.6 percent to $21.4 billion from a year earlier, according to [...]
I just read an interesting article on the Canada Gazette about the effect that high fuel prices are having on China based supply chains. According to the article, with soaring fuel costs, companies are second guessing putting all of their eggs in the China sourcing basket.
Now China’s cost advantage is being eroded by soaring [...]
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