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Strikes on Iran Shipping on High Alert in Mideast After U.S. Strikes on Iran June 22, 2025 Bloomberg The shipping industry was placed on high alert on Sunday with warnings that Tehran could retaliate against commercial vessels following after U.S. Naval forces in the area warned that ships, especially U.S.-linked airstrikes.
First it was the downturn in Southern Europe, followed by the economic crisis in Greece and now the devaluation of the Yuan. Here are some facts to consider as you build your case: 1) Market Volatility Has Never Been Higher. The hits keep on playing. The global economy is slowing, and volatility is rising.
source: It Makes Sense Blog. Sales in Greece are down 20 - 25%, according to the Economist, which could lead to further unemployment if the low numbers persist. Whether or not Greece stays in the Euro, its supply chain problems will continue to plague Greek citizens and countries that rely on Greek products. A Sisyphean Task.
India has again demonstrated the highest level of PMI growth and the report authors point to Greece, Indonesia, Russia and Brazil as demonstrating stronger rates of expansion. Observed was that manufacturing conditions across Greece have improved to the sharpest extent in two years. along with Vietnam, Thailand and Indonesia.
We view such an indicator as clear evidence that sourcing for lowest cost manufacturing is again apparent among multi-industry supply networks. Stronger performance was noted for Greece and Ireland , both reporting 24 and so month highs, respectively. Contrasting Reporting for U.S.
Of particular note was commentary relative to supplier delivery times in June: “ Suppliers’ delivery times lengthened for the first time in five months amid issues with shipping, port congestion and staff shortages at vendors. Greece experienced the highest PMI growth in the Euro sector followed by Spain and the Netherlands.
The only country with positive PMI growth was Greece , while Germany, France and Austria PMI levels were the lowest, Austria being 43.0 The other is the related increased terrorist attacks on global wide shipping occurring in the Red Sea region that is ongoing. Further reductions in manufacturing employment were reported.
Source: JP Morgan and S&P Global, December 2023 Key Highlights in Regional PMI Reporting India’s Manufacturing Sector Accelerates Overall manufacturing activity across India accelerated in November after a deceleration in October. Commenting on the November data, Bennett Parrish, Global Economist at J.P. in November from 50.6
Suppliers’ delivery times reportedly lengthened for the second consecutive month mainly as a result of ongoing global shipping disruptions. Further, the two prior strongest manufacturing output performers thus far in 2024, Greece and Spain , reportedly lost momentum in July.
From wildfires in Greece and Hawaii to the tropical storm that dumped a record amount of rainfall on Los Angeles, extreme climate-related events have filled the headlines. Corporations need to understand climate conditions in locations where their raw resources are sourced. 7] Stephan Liozu, “ The Sustainability Ship Has Sailed.
It’s impossible to paint the new international shipping surcharges with the broad strokes of the past, and shippers need to know exactly what to expect and what countries are affected. FedEx Express International Shipping Surcharges. APAC Outbound International Shipping Surcharges. EUR to 0.60 EUR per pound or 1.30 per kilogram.
Specifically stated by report authors was: o f the 28 nations for which PMI New Export Orders data were available for April 2025, all except three (Germany, India and Greece) saw new export business decrease. Sources: S&P Global Intelligence and various other reported PMI indices. The April PMI value of 49.0
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