International freight rates have risen dramatically, as evidenced by the fact that Shanghai’s containerized freight rate has nearly quadrupled in the past year, the World Trade Organization (WTO) noted. The rebound in freight rates coincided with a strong recovery in the new export orders component of the global
World industrial production stagnated in July, posting 0% growth month-on-month, reported the Netherlands Bureau for Economic Policy Analysis (CPB). After falling 1.3% in May, this same indicator recovered with a growth of 1.2% in June 2021. The Industrial Production Monitor covers 85 countries around the world and these
Dubai Port World (DP World), a port operator in the United Arab Emirates, will facilitate foreign trade with Mexico, the Ministry of Economy reported. Overall, DP World is the most diverse operator in emerging countries with terminals in 31 nations on six continents. Although APM Terminals, located in
The automotive industry led the growth of international trade in the world in the second quarter of 2021. After registering a 10% year-on-year increase in the first quarter of the current year, world trade in the automotive industry soared 101% in the second quarter, with a low comparative
World trade will grow at twice the rate of world GDP in 2021, the World Trade Organization (WTO) estimated. While the WTO estimates that global product trade will climb at a year-on-year rate of 10.8% by 2021, it forecasts market-weighted GDP growth of 5.3% for the same year.
Levi Strauss & Co., one of the world’s largest branded clothing companies, will get its electricity 100% from renewable sources starting in 2025. So far, its own and operated facilities obtain approximately 70% of their electricity from renewable sources. Levi Strauss’s goal is in line with his science-based