• Consumer goods supply chains no longer face the demand pressures that they used to, leading to a reduced focus on supply chain issues by company managers and investors. Performance is markedly different across sectors, with footwear expanding and home appliances contracting. Shipments of “Squishmallows” defy demand predictions, while new US trade data indicates that the boom in imports continued in May.
• Our deeper dive into the US administration of President Joe Biden’s new tariffs shows that, as usual, the devil is in the details. The slow rollout of changes and relatively low...