Chain Reaction Podcast News Round Up 17th December
All things impacting global supply chains this week with Tony Hines
- Demand for energy increases in Europe as cold spell takes hold.
- War in Ukraine continues.
- China may get back to normal in 2023.
- Peak season -what peak season?
- Manufacturing in the UK falls in 2022
- Check out what has happened in US Tech sector jobs
- Freight costs soften but what happens when China reopens for business
- Chinese ports operating normally and zero COVID policy has ended
- Sea lanes getting back to normal
- All change at the top at Maersk
- Vancouver auto show cancels
- Volitality still impacting global supply chains
- Will inflation fall in 2023
- Are China suppliers less reliable and will that force businesses to shop elsewhere.
- Germany's Due Diligence Act comes into force in January 2023.
- 80 per cent of firms in SW UK experienced supply chain difficulties – Brexit remains an issue for these firms – says a study by Barclays Bank Corporate
- 70 per cent of firms in Europe and the US have been forced to source goods elsewhere because of the war in Ukraine, Global Trade Difficulties and Brexit
- Interest rates up in the UK and US this week – Inflation rates are lower but it is hoped that these new increases will dampen inflation further.
- Bank of England rates at 14 year high 3.5%
- Federal Reserve raised interest rates to 4.25-4.5%. In the US interest rates are at a fifteen year high.
Catch up with any episodes missed.
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