Inflation in the US is at a thirty year high standing at 6.2% and in the UK the Consumer Price Index stands at 4.2% in November up 1.1% from a month ago. As demand goes up and supply remains short inflation is one consequence. In this episode Tony Hines discusses cause and effect and what it means for supply chains.
Shipping is such an important part of global supply chains and 90 per cent of global trade is moved at some point by ships. As container vessels get bigger and bigger what is the shipping industry doing to lower carbon emissions? Also what other impacts does this growth in shipping have for the planet and people as well as for profit? Is the shipping industry on track to play its part in a greener, cleaner more sustainable world?
In the UK this week apart from some disturbing inflation measures we had news that the UK Government would not be proceeding with part of its investment in the rail network for the High Speed 2 Project (HS2). This has major implications for the North of England particularly the North East where the Government had previously indicated it wanted to invest to level up. If you don't have the investment in infrastructure it is unlikely you will develop the economy to do that.