US Justice Department cracks down on sanctions-busting
Forwarders are among those recently charged by US authorities with breaching sanctions on Russia by ...
FDX: ABOUT USPS PRIVATISATIONFDX: CCO VIEWFDX: LOWER GUIDANCE FDX: DISRUPTING AIR FREIGHTFDX: FOCUS ON KEY VERTICALFDX: LTL OUTLOOKGXO: NEW LOW LINE: NEW LOW FDX: INDUSTRIAL WOESFDX: HEALTH CHECKFDX: TRADING UPDATEWMT: GREEN WOESFDX: FREIGHT BREAK-UPFDX: WAITING FOR THE SPINHON: BREAK-UP ALLUREDSV: BREACHING SUPPORTVW: BOLT-ON DEALAMZN: TOP PICK
FDX: ABOUT USPS PRIVATISATIONFDX: CCO VIEWFDX: LOWER GUIDANCE FDX: DISRUPTING AIR FREIGHTFDX: FOCUS ON KEY VERTICALFDX: LTL OUTLOOKGXO: NEW LOW LINE: NEW LOW FDX: INDUSTRIAL WOESFDX: HEALTH CHECKFDX: TRADING UPDATEWMT: GREEN WOESFDX: FREIGHT BREAK-UPFDX: WAITING FOR THE SPINHON: BREAK-UP ALLUREDSV: BREACHING SUPPORTVW: BOLT-ON DEALAMZN: TOP PICK
A fascinating article by Bloomberg on how the Chinese are moving their apparel manufacturers to Ethiopia. It’s cheap to do, they’re quick to build and it has government support. And production is ramping up quickly. However, there are a few flies in the ointment for these “pioneers”. Power in Ethiopia is shared unevenly: one party controls every seat in parliament, but only represents 6% of the population; civil war is a possibility, writes Bloomberg. There is also an “efficiency” issue with untrained employees, as well as logistics problems getting the goods out of the country. A worthwhile read for anyone involved in the apparel trade, logistics, or sourcing in Ethiopia.
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