Multinationals should not expect dramatically improved US-China relations anytime soon. But neither should they prepare for an imminent decoupling, per the Morning Consult.
LOGISTICS
Ships have continued to move through Shanghai’s port, albeit more slowly, during the lockdown. Hence eeSea does not anticipate a massive surge in volumes as Shanghai’s lockdown is lifted.
Waiting times for container ships at Shanghai’s port are now down to 36 hours, from a peak of 69 hours at the height of reported Omicron case in late April, but 13 hours longer than this time last year, per VesselsValue data.
Asia – US West Coast rates fell 6% to their lowest level since last July and more than a 30% drop since the start of the lockdown, said Freightos, citing a decrease in export volumes.
Despite the fall in spot rates, long term transpacific contract rates have continued to increase, suggesting that demand remains strong among large importers, per Freightos. Or that importers are willing to pay a premium to secure space.
Ocean carriers will be skipping some US and Canada port calls in June due to strong congestion and delays, according to UPS.
PODCAST
How Multicultural Organizations Can Help Team Members Speak Up
One of the biggest challenges leaders face when managing multicultural organisations is getting everyone on the team to be engaged and to participate.
So how do we help our more introverted team members speak up – especially when English might not be their native language?
In this podcast episode Heather Hansen, Global Communication Consultant and author of “Unmuted: How to Show Up, Speak Up and Inspire Action” shares easy-to-implement tips for building team engagement.
In this episode you’ll learn:
- What leaders overlook when trying to build more participation from their multicultural teams.
- How CEOs and C Suite Leaders can encourage a culture of open listening.
- How to develop ‘unmuted’ leaders and organisations.
SUSTAINABILITY
A rising challenge for renewable energy is how to dispose of old solar panels. New commercial, industrial and residential installations continue to expand – and existing panels are upgraded – leading to a new recycling challenge.
MATERIALS
Indian cotton prices have hit an 11-year high. The price increases are being severely felt by garment manufacturers, who accepted orders when cotton prices were lower.
- The domestic industry is calling for a ban on cotton exports but that would be moot because prices for Indian cotton exceed international cotton prices.
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