Expect a recovery in goods imports from Asia to the US in the second half of 2023
After the Covid-19 pandemic was brought under control, goods imported into the US have decreased markedly since the second half of 2022 to settle inventories. This situation is still extending into the second quarter of 2023. This leads to forecasts of a substantial recovery in US retail imports in the second half of 2023. Weak…
Commodities and industrials: Quick chemicals, flat steel
Chemicals producer BASF has flagged that shipping conditions are still influencing its supply chain decisions as “for certain port pairs we still do not have the reliability we would like to have, which is needed to reduce our working capital and our stocks.” – While BASF has reliability concerns, the pace of deliveries of chemicals…
