Supply Chain Research

China’s trade performance in September was much worse than expected, with a 10% drop in dollar exports vs. a 3% decline expected. This came despite continued weakness in the yuan and a more optimistic outlook from export managers. Panjiva data suggests the weakness relates to electronics in particular. Seaborne exports to the U.S., focussed on non-electronics goods, increased 4.5% while exports to Japan dropped 10%. Exports to the EU likely fell due to weaker business investment on Brexit worries. Finally, logistics problems following Hanjin Shipping’s financial administration will not h...