Unprecedented Snowfall in California Affects Shipping of Commodities
Several logistic companies are warning suppliers and end-users to anticipate delays for any commodities that travel through the golden state to reach their destination. California is experiencing an unusually harsh winter – one normally expected in New England. The unprecedented amount of snowfall and stronger-than-average winds have caused significant damage to homes, businesses, and roads, […]
Global Petrochemical Prices Rise by 5.4% in February
The ICIS Petrochemical index, which tracks the average change in global petrochemical prices over time, increased by 5.4% month on month in February. Several factors can be attributed to the increase in prices across the board, but stronger feedstock costs seemed to be driving the increase. Of all the markets, the northeast Asian chemical market […]
Balloons Sparks Global Sourcing Conversations
The recent alleged ‘spy’ balloon from China shot down over the United States has led to several conversations in North America with regards to global supply chains. One specific dialogue is citing this incident as supporting evidence to diversify supply chains. Many trade associations, which have been arguing for the diversification of supply chains for […]
Calm Weather Impacting Gas Price Predictions
Weather conditions across the United States have remained fair and calm for the beginning of 2023. Most environmental reports show that January through February have been at their mildest since 2006. Because of this, there has been a significant reduction in the consumption of natural gas for heating purposes. These factors have caused many natural […]
Recent Reports Changing Economists’ Minds
Gross domestic product for the United States rose 3% in Q4 of 2022, which is slightly better than was expected and a positive trend even as consumer spending weakened. Orders for long-lasting goods were better than expected, and inventories showed a considerable increase. While inflation numbers indicated that price increases are slowing, they still remain […]
