The focus is starting to shift from logistics issues to inflation-related issues. Not that the logistics challenges are over, but the high rates and delays, for now, have become ‘the norm’.
LOGISTICS
Post-Chinese New Year air cargo rates dropped by more than 25% last week from Asia to both N. Europe and the US West Coast, per Freightos.
Well past Chinese New Year, ocean rates remain stable, but extremely high – driven by still-strong demand and port congestion.
Clogged up global supply chains have cost the UK and many EU countries a whole year of economic growth, the International Monetary Fund has warned.
ECOMMERCE
MyTheresa (Germany) is building a new warehouse at Leipzig Airport, which will significantly reduce delivery times. The luxury goods platform said it saw little disruption to sales from Omicron.
Shein (China) will invest $2.3 billion to build a massive new global supply chain center in Guangzhou, China. It estimated that it could cover 33 km (52 miles).
PODCAST
A New Way of Leading that Comes From the Heart
Everyone talks about the need to be more authentic. But what does that really mean? And how can leaders be more authentic while still being professional?
In this podcast, leadership consultant, Bert Ohnemueller, shares his insights about:
- What a value-based business might look like.
- Why leaders need to be able to lead themselves before they can effectively lead a team.
- Why successful leaders are like gardeners – and how to make your team bloom.
SUSTAINABILITY
Indorama Ventures (Thailand) is acquiring a stake in UCY (Czech Republic), a leading PET recycler of post-consumer PET into Recycled Polyethylene Terephthalate (rPET) flakes with a total capacity of approx. 40,000 tonnes/annum. READ MORE
MATERIALS
Last week materials prices changed lanes with cotton prices tracking higher, while man-made fibers and oil prices retreated. Basically reflecting the week-on-week volatility of commodities prices.
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