Panjiva Research

Panjiva Daily: The trade recession beckons; Roku needs Foxconn to go back to the future

June 18, 2019

A recession in global exports may be close as trade relations between the U.S. and China worsen and underlying demand in electronics weakens. Roku is one of over 300 companies warning about the impact of tariffs, and may need a strategy reversal from Foxconn. Also: Vestas and Siemens’ ta... Read more →

H&M Threads More Bangladeshi Apparel Into Its Supply Chain Ahead of Export Support

June 18, 2019

The government of Bangladesh has increased export subsidies for apparel manufacturers, with pressure from the industry for further funding and a devaluation of the Taka. Exports of apparel have already been robust with a 23.9% year over year increase in shipments to the U.S. in the three month... Read more →

Tariff Quote Watch: Roku Needs to See Back to The Future Strategy From Foxconn

June 18, 2019

Over 300 companies are testifying this week and next with regards to U.S. government plans to extend tariffs on all Chinese exports. Streaming media player manufacturer Roku is a typical example in that consumer electronics end products have so far been largely untouched by tariffs. The firm h... Read more →

Swift, Tyson May Welcome Increased Stake in EU Beef Market

June 18, 2019

The European Union will allocate 35,000 tons out of its 45,000 ton annual import quota for hormone-free beef to the U.S. That’s an encouraging sign of improving trade relations between the two and settles a long-running WTO controversy. The deal is small in context at just 3.5% of U.S. a... Read more →

Olam Sweetens Cocoa Imports as Cartel Carries Trump-Baiting Risks

June 18, 2019

The governments of Ghana and Ivory Coast are attempting to create a price-fixing cartel for cocoa. Both countries run the risk of losing reduced tariffs under the U.S. Generalized System of Preferences given the Trump administration’s proactive use of the measure recently regarding India... Read more →

Vestas, Siemens’ Tax Credit Gust Still Outshone by Solar

June 18, 2019

The U.S. Senate may soon extend the production tax credit (PTC) that supports wind farm development beyond 2020. There’s been a recent surge in U.S. seaborne imports of wind turbine equipment of 31.0% year over year in 1Q and by 42.8% in April and May combined. That may reflect reflectin... Read more →

Trade Recession Beckons as Policy Uncertainty Worsens

June 18, 2019

The global economy may be close to a “trade recession”, defined as two consecutive three month periods of lower exports on a year over year basis globally. The most recent trade recession started in May 2015 and did not end until Nov. 2016 with the subsequent boom driven in party b... Read more →

Panjiva Daily: Sumitomo pulls plug on China, moves to Vietnam; Konica copies a strategy

June 17, 2019

Vietnam is cracking down as it seeks to balance manufacturing growth switched from China and ongoing relations with the U.S. – Sumitomo and Yazaki have made the switch successfully. Konica-Minolta is making a similar move, copying its competitors. Also: Fanuc powers down as industrial ro... Read more →

India’s Emerging Trade Fight with U.S. Could Threaten Export Growth

June 17, 2019

India managed a third straight month of international trade growth in May with a 4.0% year over year improvement led by a 4.3% rise in imports and a 3.6% increase in exports. Yet, a widening trade spat with the U.S. may prove a limiting factor going forward. The loss of reduced tariffs under t... Read more →

Fanuc Powers Down as Industrial Robot Orders Fall

June 17, 2019

North American orders for industrial robots fell 3.5% in unit terms and 3.2% in dollar terms in 1Q 2019 after the benefits of the earlier U.S. tax cut was now longer felt. That’s followed an increase in U.S. imports of just 2.0% year over year in 1Q. The start of 2Q has started poorly wi... Read more →