Shipper radar: Sherlock and the case of the big, fat inventory
When you have eliminated the impossible, whatever remains, however improbable, must be the truth
It had to happen at some point. There was simply no way Peugeot could rely on its traditional European markets if it wanted to survive – May saw car sales in Europe hit a 20-year low, while the company’s Chinese sales grew 33% in the first half of the year. In fact, it is forecast that China will overtake France as Peugeot’s largest market as early as 2015.
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Despite a blip, North Europe container spot rates are still heading south
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