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Global supply chains have had a challenging 2020 so far, to say the least. Panjiva's Q4'20 Outlook addresses four major issues that will define the coming months. The industrial recovery from COVID-19 is proving slow. The U.S. elections may roil global trade once more whomever the winner is. Onshoring policies are going global. Meanwhile, trade policy outside the U.S. will focus on Brexit and RCEP.
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In prior research, Panjiva Research has identified four broad stages for corporate supply chains in tackling COVID-19. The first was supply chain disruptions centered on Asia, and then more widely. The second was demand destruction in the large Western markets. The third is the staggered reopening of markets, while the fourth will involve long-term decisions around supply chain structure.
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The U.S.-China trade war has been somewhat on hold during the COVID-19 pandemic. The longer term developments will depend crucially on the result of the U.S. elections in November. In November 2016, everything changed for global trade policy with the Trump administration bringing a more muscular, bilateral, tariff-driven approach to international trade policy when compared to previous administrations. The remainder of 2020 will reveal the trade policy positions of the next President of the United States.
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Supply chain decision makers' attention has been rightly focused on COVID-19 during the first half of 2020 while the U.S.-China trade war may dominate attention ahead of the U.S. elections. Yet, there are other trade policy uncertainties that will affect conditions in the remainder of 2020, especially heading into peak shipping season.
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Our technology gives you immediate insight into the companies involved at every node of international supply chains. From manufacturers and buyers to shipping and logistics, Panjiva allows customers to better understand trade around the globe.
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February 18, 2021
For instance, US imports from Myanmar reached $1.06bn in the 12 months to November 30, 2020, from $245m in 2016, according to Panjiva Supply Chain Intelligence, a unit of research firm S&P Global Market Intelligence. Of the latest figure, apparel and footwear accounted for more than 41 percent. Luggage imports made up nearly 30 percent while fish accounted for 4.4 percent.
February 22, 2021
The apparel industry has been left behind in the recent recovery in U.S. retail sales. This report looks at recent trends in categories and supply chains underpinning that setback. U.S. seaborne imports of apparel, footwear and textiles fell by 1.6% year over year in January after rising by...
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