Companies consider diversifying manufacturing away from China after supply chain chaos
“Faced with COVID lockdowns, worsening U.S.-China tensions, and now an indefinite power cut in China’s heartland, companies are exploring how to divert their supply chains away from China.”
Major shipping container suppliers abandon proposed merger
“The proposed transaction would have combined two of the world’s four suppliers of insulated container boxes and refrigerated shipping containers. It would also have consolidated control of over 90% of insulated container box and refrigerated shipping container production worldwide in Chinese state-owned or state-controlled entities.”
[Department of Justice]
Six months into war, Russian goods still flowing to U.S.
“While some U.S. importers are sourcing alternative materials elsewhere, others say they have no choice. In the case of wood imports, Russia’s dense birch forests create such hard, strong timber that most American wooden classroom furniture, and much home flooring, is made from it. Shipping containers of Russian items — groats, weightlifting shoes, crypto mining gear, even pillows — arrive at U.S. ports almost every day.”
Canada challenges U.S. softwood lumber duties under USMCA trade pact
“The U.S. cut its anti-dumping and countervailing duty rate in half earlier this month to 8.59 per cent from 17.61 per cent, but Ms. Ng signalled that Canada would still fight the measures.”
[The Globe and Mail]
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