Logistics chief Stefan Paul warns the Middle East conflict is disrupting global trade, cutting air-cargo capacity by 18% and risking shortages in Gulf states, with Dubai reportedly holding only about ten days of fresh food.
If Beijing’s belligerence in the South China Sea worsens, which is a distinct possibility, given its hardliner games with the Philippines in recent weeks, then the US would be tempted to switch its supply chains away from the region
Research by the Bank for International Settlements shows goods are subject to increasingly complex delivery routes
Global economic recovery is on track, helped by a stronger United States, but threats ranging from high oil prices to European sovereign debt crises could yet combine to create a bout of stagflation, the OECD said on Wednesday.