Logistics News 27 February

Logistics News worth your attention this week picked out by Stewart Hurry, SSCS Project Manager

Coronavirus Disrupts Maritime Industry, Supply Chains | Global Trade 

With reports that the U.S. military is preparing for a global coronavirus pandemic, companies dependent on China-based production are highly vulnerable to the adverse impacts on the modes of the supply chain, namely in commercial aviation, maritime shipping and overland transport, according to an industry analysis.

“The outbreak has already disrupted some commercial maritime operations and is set to have a much greater impact as international concerns over the virus intensifies,” states Hong Kong-based A2 Global Risk, which supplies its client businesses with a complete picture of global politics, security and trade.

“As large sections of China’s economy grinds to a halt and regional supply-chain mobility becomes tightly restricted, the macro-economic outlook becomes increasingly dire,” A2 Global Risk adds. “More factory closures are a near certainty as the Chinese government tries to control the spread of the disease. Foreign companies heavily reliant on China’s manufacturing sector will be forced to either weather the storm or shift their supply chains to less risky markets.”

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US wine industry is drowning its sorrows over Transatlantic trade spat | Global Trade

The United States imported $6.5 billion worth of wine in 2018, equal to 17 percent of total wine imports worldwide. We like our Rioja from Spain, Bordeaux from France, and Italian Vernaccia as much as our California counterparts.

Instead of toasting, American wine importers — and the many businesses that rely on imported wine, from distributors to wine shop owners to restaurateurs — are protesting. Why? Because the administration was seriously considering raising tariffs to 100 percent on a range of imported European products, including French, German and Spanish wine.

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