The price of sending a 40-foot container from Shanghai to Los Angeles was $7,566 last week, about 39% lower than the peak of more than $12,000 last September
“China’s Record Trade Surplus Shows Exports Staying Resilient,” Bloomberg News, july 13, 2022
Close to 20% of supply-chain executives surveyed by consulting firm McKinsey & Co. said they had brought some production back to a nearby country in the past year, double the number from a year earlier. More than 30% said they added suppliers in nearby countries in that same period, up from 15% a year earlier.
“Fed Up With China, One Boss Tries removing it from the supply chain,” Sharon terlep, wall street journal, July 10, 2022
Betting against China carries risk and remains out of reach for industries with narrow profit margins, executives say. Companies such as Peloton Interactive Inc. PTON -4.13%▼ that set out in the pandemic to uproot their China-based factories and supply chains found doing so was harder in practice. The exercise-bike maker has since scrapped plans for a $400 million factory in Ohio.
“Fed Up With China, One Boss Tries removing it from the supply chain,” Sharon terlep, wall street journal, July 10, 2022
India is projected to surpass China as the world’s most populous country during 2023.
“World Population Prospects 2022,” United nations department of economic and social affairs
Lego Group, the world’s largest toymaker, said it’s stopping sales in Russia and has terminated its contract with the operator of 81 Lego stores in the country.
“Lego Ceases Russian Sales, Ends Contract With Store Operator,” Morten Butler, bloomberg news, july 13, 2022
