The USTR issued an advisory for US companies whose supply chains run through Xinjiang, China. In doing so, the USTR joined other similar announcements from the US Departments of State, Treasury, Commerce, Homeland Security and Labor. In Xinjiang, the government of the People’s Republic of China and associated
Capital-intensive industries have more pressure to relocate (nearshoring), indicated a report by the United Nations Conference on Trade and Development (UNCTAD). Nearshoring is the practice of transferring a business operation to a nearby country, especially in preference to a more distant one. Capital-intensive industries, such as automotive and
Sempra Energy stood out as the only company in the world that made a final investment decision in Liquefied Natural Gas (LNG) in the world in 2020. Over the past year, low LNG and oil prices resulted in multiple Final Investment Decision (FID) postponements, with only one liquefaction
The demand for honey in the United States continues to grow, with a 2020 use of 571 million pounds, this is 8% more than in 2019, reported the Department of Agriculture (USDA). Record demand was 596 million pounds in 2017. Therefore, the average growth rate of US demand
The economies of the Asia Pacific Economic Cooperation (APEC) forum have made progress in the operation of Foreign Trade Single Windows, Authorized Economic Operators and in the simplification of procedures for imports and exports. APEC is an intergovernmental forum for 21 Pacific Rim member economies that promotes free
Approximately 33% of companies in the Euro Zone have accumulated losses beyond their cash reserves, as a result of the Covid-19 pandemic, the European Commission reported. In general, the crisis had a severe impact on the business sector. Companies operating in the sectors most affected by the pandemic