The skyrocketing price of shipping goods across the globe may hit your product's cost sooner than you think - Transporting a 40-foot steel container of cargo by ocean from Shanghai to the west coast now costs a record $12,623, a whopping 600% higher than the seasonal average over the last...

The producer price index for China rose to 9% in May, which is the fastest increase in production costs since 2008. It was then that the index rose to 9.13%. Gan Jie, a professor of finance and an academic director for MBA programs at Cheung Kong Graduate School of Business; expressed: “These...

Needless to say, every industry has been massively affected by the COVID-19 global pandemic. Coming seemingly out of nowhere, most companies have had to adjust their business strategy in order to stay afloat. Just because a disease reared its ugly head did not mean the world could continue to...

There is a lot going on in the world right now. The world has been crippled by a global pandemic. People are dealing with a highly contagious disease and the financial fallout that has followed. On top of the COVID-19 outbreak, there are other things that the world is forced to be worried over....

How Has COVID Affected OPEC? Even before the Novel Coronavirus threw the global economy into a spiral, countries in the Middle East and North Africa (MENA) were facing economic struggles of their own. Since last year, the Organization of the Petroleum Exporting Countries (OPEC) and its revenues...

One Nation’s Trash Is Not Another Nation’s Treasure It's been three years since China officially announced that it was done importing "foreign garbage." This presented countries like the U.S. and Japan, major exporters of old newspapers, boxes, and plastic bottles, with the challenge...

The coronavirus that erupted in China and continued to spread around the world is worrying quite a few people in the US. This is especially true for the consumers who purchase goods from Chinese factories frequently. So, is it possible to infect the Coronavirus from a package that came from China?   We...

The trade war between the US and China creates new ways of avoiding customs duties. After passing goods through a third country, Chinese exporters are starting to switch and falsify codes that identify imported goods as a means of evading the tariffs imposed by the USA's president. One day...

Despite the advantages of building on U.S. soil, over 40% of flooring that is sold in the U.S. market is imported. There will most likely always be factories overseas, but it does seem like there is a push for factories to come back to America. This movement might be slow at first, but it has...