UKVFTA PAVES THE WAY FOR VIETNAMESE TUNA EXPORTS TO THE UK
Vietnamese tuna is enjoying many advantages in the UK market thanks to tariff incentives from the UK - Vietnam Free Trade Agreement (UKVFTA).
CHINA ELECTRIC SUPPLY CRISIS THREATEN THE GLOBAL SUPPLY CHAIN
The factory in the world's largest exporting country, especially a supplier of major technology firms in northeast China, is worried about breaking the supply chain at the end of the year due to severe power shortages.
According to Bloomberg news, this disruption comes as manufacturers and carriers race against time to meet demand for everything from clothes to children's toys, amid the buying season. Year-end shopping is offered. The global supply chain is already upended by a host of problems, from soaring raw material prices, prolonged congestion at seaports, to a lack of empty containers to store goods.
“THIS IS DEFINITELY A MASSIVE MESSAGE”
Chinese manufacturers warn that strict measures to cut electricity consumption will lead to a decline in manufacturing output in leading localities in this field such as Jiangsu (Jiangsu), Zhejiang (Zhejiang) and Guangdong (Guangdong) - three provinces together account for about a third of China's gross domestic product (GDP). Falling output of goods can push prices up.
Local governments in China are requesting power outages to achieve their goals of reducing energy consumption and emissions. However, some localities suffer from real power shortages.
The power outage follows a recent disruption at Chinese ports, which has had widespread effects throughout the entire global supply chain. Part of the port of Ningbo-Zhou San (Ningbo-Zhou San) had to be closed for several weeks in August due to the Covid outbreak, after the Yantai port in Shenzhen (Shenzhen) had to close in May for the same reason.
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Port congestion in Asia may last until the end of August this year
International media reports indicate that the container ship congestion at Singapore-one of Asia's busiest ports-has reached its worst level since the pandemic and has now spread to nearby ports like those in Malaysia. This situation poses a risk to the global supply chain and is causing delays in the shipment of goods within the region.
Four Bottlenecks Impeding the Flow of Goods at the Cai Mep – Thi Vai Port Cluster
At the seminar "Customs and Enterprises Accompanying to Promote the Flow of Import and Export Goods through the Cai Mep - Thi Vai Port Cluster" on July 31, experts identified four bottlenecks hindering the movement of goods at the Cai Mep - Thi Vai port cluster. These include infrastructure connectivity, policy mechanisms, human resources, and administrative procedures.
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Glotrans attends a seminar on supporting industries in the supply chain for new technologies.
On August 28, 2024, Glotrans representatives participated in the seminar "The Readiness of Supporting Industries in the Supply Chain for Emerging Technologies" hosted by the Ho Chi Minh City Department of Industry and Trade. This event marks a significant step forward in connecting and developing the supporting industry market in Vietnam.
Glotrans would like to inform our valued Customers and Partners about our National Day holiday 2-9-2024
Glotrans would like to inform our valued Customers and Partners about our National Day holiday schedule as follows: The holiday will start from Saturday, August 31, 2024, to the end of Tuesday, September 3, 2024. We will resume work on Wednesday, September 4, 2024.
