World Bank has releases the latest issue of its newsletter, ’Trade Matters’. These are some of the headlines from the latest ’Trade Watch’: Global merchandise trade continued its robust recovery from the shock of the COVID-19 pandemic. As of July, 2021 exports and imports exceeded their pre-pandemic levels by about 15 percent. Trade in …
Continue reading “TRADE RECOVERS BUT LOGISTIC BOTTLENECKS PERSIST”
Sweden ranks second when the world’s most innovative countries are measured in the UN’s intellectual property organization WIPO’s annual survey Global Innovation Index. WIPO’s The Global Innovation Index examines 132 countries’ innovation opportunities and results based on 80 indicators. In addition to criteria such as patent and trademark applications, there are also indicators for …
Continue reading “Sweden second most innovative country in the world”
Indirect tax expert Robert Matchant has in Forbes summarized some of the new obligations when the UK Border Operational Model kicks in. After around 12 months of significant upheaval, organizations trading in goods are taking a period of reflection to assess how well their post-Brexit international supply chains have been working. Others have carried …
Continue reading “Brexit: VAT And Customs Duties, Meeting Your Compliance Obligations”
Full year growth figures for the volume of containers shipped around the world are showing considerable divergence among analysts. Clarksons Research Services is now projecting the global container trade will reach 206.8m teu in 2021, up 6.3% year-on-year. Maersk, meanwhile, suggested last week that global trade volumes will grow 7% to 8% this year …
Continue reading “Jury still out on 2021 container growth figures”
There are over 60 container ships full of import cargo stuck offshore of Los Angeles and Long Beach, but there are more than double that — 154 as of Friday — waiting to load export cargo off Shanghai and Ningbo in China, according to eeSea, a company that analyzes carrier schedules. The number of …
Continue reading “Container ships now piling up at anchorages off China’s ports”
UNCTAD and the EU Flag of European Union have launched a project to facilitate trade in the Pacific region by simplifying and modernizing customs clearance processes. The project will benefit from UNCTAD’s Automated System for Customs Data (ASYCUDA) programme. To read more, click here: https://unctad.org/news/unctad-eu-join-forces-boost-pacific-trade
The median time spent by container vessels in port began to grow sharply in the second half of 2020, continuing into the first half of 2021. In Issue 532 of the Sunday Spotlight, analysts Sea-Intelligence used data published by United Nations Conference on Trade and Development (UNCTAD) on port stays to shed light on …
Continue reading “Port stay duration increases 11% globally”
In the latest TradeSplaining podcast episode Ardian Mollabeciri and Rob Skidmore discuss all the latest on the continuing supply chains issues affecting the globe, how spending by the rich on a luxury boom is driving the US economic recovery, the skyrocketing prices of luxury watches, how China’s domestic tech crackdown may have affect luxury …
Continue reading “’For everything else there’s Maersk’: Trade Splaining with Lars Karlsson”
The European Union aims to have all outstanding issues related to Northern Ireland’s post-Brexit arrangements resolved by the end of the year, its lead official on the issue has said. European commission vice-president Maris Sefcovic said there was “unity” around the table as the EU’s 27 European affairs ministers discussed the issue in Brussels …
Continue reading “Brexit chief says Northern Ireland protocol cannot become ‘eternal’ issue”
A.P. Moller-Maersk A/S is now heading for a full-year profit that will match its combined results from the past nine years and make business history in its home country Denmark. A combination of several extreme factors — including bottlenecks caused by pandemic consumption — is boosting earnings at the world’s largest shipping line. The …
Continue reading “Maersk Is Now Heading for Biggest Profit in Danish History”
I will speak on the Swedish Customs Day in Malmö on November 30. You can register and read more here: https://lnkd.in/e4MZ3eGp
I will speak on the Norwegian Customs Day on November 17. I am looking forward to seeing you there.
For the first time in 17 years, the music magazine Rolling Stone has updated its list “The 500 Greatest Songs of All Time”. Top 20 begins with Swedish popsinger Robyn’s biggest hit. The list is produced through a vote where selected critics, industry people and musicians can vote. Together they came to the conclusion …
The just-in-time inventory systems embraced by many businesses led to empty shelves and costly bottlenecks. That’s put a rare spotlight on supply-chain programs, which are attracting more students. Stores with no toilet paper. Colossal cargo ships run aground in the Suez Canal. Factory shutdowns in Vietnam. Ports closed in China. It almost seems that not …
Senior Vice President as Global Head of Logistics and Services at A.P. Moller – Maersk Aymeric Chandavoine has won the Award for Best Supply Chain Leader in Denmark 2021 at the 10th Supply Chain Leadership Forum. The jury wrote: “As a person he is both highly strategic and pragmatic and brings passion and positive …
It was a privilege & pleasure to be invited to the excellent podcast TradeSplaining & to talk about customs/trade issues with hosts Rob & Ardian. Listen in when we talk about the future of customs & trade, including what we in Maersk are doing to create the next generation of sustainable, digital integrated end-to-end …
The World Bank Group today issued the following statement on the Doing Business report: “Trust in the research of the World Bank Group is vital. World Bank Group research informs the actions of policymakers, helps countries make better-informed decisions, and allows stakeholders to measure economic and social improvements more accurately. Such research has also been a valuable tool for the private sector, civil society, academia, journalists, and others, …
Continue reading “Breaking News: World Bank Group to Discontinue Doing Business Report”
UK Government launched today plans to capitalise on new Brexit freedoms. In a speech Lord David Frost, Minister of State at the Cabinet Officed, a number of initiatives were launched, including UK at the forefront of innovation and technology, including changes on; the use of Artificial Intelligence to supercharge its place in the UK …
Continue reading “UK Government launches plans to capitalise on new Brexit freedoms”
UK PM Boris Johnson today did a cabinet reshuffle when Liz Truss was promoted to foreign secretary, as two of four top jobs go to women. Ms. Truss, 46, has completed a number of post-Brexit trade deals with countries around the world. Anne-Marie Trevelyan, the former international development minister, has become the new Secretary …