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shortages of global goods

China’s power cuts to meet energy use targets may foreshadow shortages of global goods

Global shoppers face possible shortages of smartphones and other goods ahead of Christmas after power cuts to meet official energy use targets forced Chinese factories to shut down and left some households in the dark. In the northeastern city of Liaoyang, 23 people were hospitalized with gas poisoning after ventilation in a metal casting factory …

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General Lighting Market.

A Remarkable Recovery in the General Lighting Market

According to TrendForce’s latest report “2021 Global Lighting LED and LED Lighting Market Outlook-2H21”, the LED general lighting market has comprehensively recovered with increasing demand for niche lighting, leading to growth in global markets of LED general lighting, horticultural lighting, and smart lighting in 2021–2022 to different extents. A Remarkable Recovery in the General Lighting …

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Chinese Golden Week 2021: Plan ahead and book early to avoid delays this year

Golden Week is a national holiday in China in October. The knock-on impact of Golden Week is that logistics-related business slows down. Additional delays make this Golden Week extremely challenging. Every year from the 1st – 7th October, China bursts into life as the country celebrates its National Day with a week of cultural events, …

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Ominous signs for supply chains from new Covid lockdowns in Vietnam and China

The lockdown in South Vietnam has caused a 100,000 teu pile-up at Ho Chi Minh City’s Cat Lai port. And in China, ports at Shanghai and Ningbo are reportedly also facing additional congestion from new Covid restrictions. According to Saigon Newport (SNP), yard density at Cat Lai is currently around 85%, with 106,700 teu clogging …

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shortages of metals

China Moves To Release First Batch of Aluminum, Zinc and Copper Reserves to Curb Price Inflation

China has moved to release the first batch of aluminum, zinc and copper reserves into the market, the National Food and Strategic Reserves Administration announced. The move, experts said, sent a signal about the government’s readiness to crack down on price speculation following steep price surges of bulk commodities. The government has decided to release …

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California Ports As Shipping Snarls Force

Disruption to shipping could delay Christmas orders

Disruption in the global container shipping industry shows no sign of being resolved quickly and could lead to shortages in the run-up to Christmas, say industry experts. An outbreak of Covid-19 in Guangdong province in southern China has caused acute congestion at the region’s ports. As a result, shipments have been delayed, exacerbating tensions within …

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air cargo

Chaotic ocean market driving forwarder ship charters

The launch of unusual one-off ship charters by forwarders DSV Panalpina and Geodis underscores the urgent need for guaranteed Asia-Europe capacity in a chronically constrained market where few options are available. With demand outstripping container vessel space and equipment in short supply, traditional alternatives to ocean freight such as air, intermodal rail, and trucking outbound …

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Copper Is The New Oil

Copper Is ‘The New Oil’ And Low Inventories Could Push It to $20,000 Per Ton, Analysts Say

The world risks “running out of copper” amid widening supply and demand deficits, according to Bank of America, and prices could hit $20,000 per metric ton by 2025. In a note Tuesday, Bank of America commodity strategist Michael Widmer highlighted inventories measured in tons are now at levels seen 15 years ago, implying that stocks …

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