As 2020 draws to a close, there is much speculation regarding how much of the impact of the pandemic and other supply chain disruptions will continue into 2021. Flexport offers five predictions spanning the economy, tariffs, ocean, air, and technology.
While the US economy seems to be gaining strength, there are signs that indicate the economic recovery is not all that it appears to be. Five indicators suggest that a recession or more economic headwinds are looming.
The Bureau of Labor Statistics (BLS) announced that the economy added 2.5 million jobs in May—the biggest monthly increase ever and far better than forecasts had anticipated. Does this mean that we are nearly finished with this painful episode we’ve been enduring? Sadly, no.…
Oil prices have plunged as national economies have been paused. This tumult both reflects—and affects—developments in the global economy.
For two months, the question of when China’s economy would return to functioning fully to meet the world’s demand has been ever present. Yet now, the question may be less about China’s ability to supply, and more about the drop in global demand. Flexport’s COVID-19 China Trade…
Earlier, we questioned whether China's trade revival would come fast enough to head off financial distress. This week, we update the data to track the status of COVID-19’s economic impact. Flexport’s COVID-19 China Trade Recovery Index provides a preliminary look at the air and…
Global trade, with its heavy emphasis on Chinese manufacturing, has been rocked these past weeks by a reduced Chinese labor force and business closures caused by the coronavirus. Flexport's Chief Economist and heads of ocean, airline partnerships, and trade and financial…
Flexport Chief Economist Phil Levy comments on recent research into U.S. import tariffs.