#TheScalaReport: On the Road to Baku. Global trade shifts southward in Asia. Chris Riegel: @Scala, @STRATACACHE #ScalaAPS

Dec 11, 2020, 04:49 AM
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Le port de mer




#TheScalaReport: On the Road to Baku.   Global trade shifts southward in Asia.   Chris Riegel: @Scala, @STRATACACHE
#ScalaAPS
 
Chris Riegel: @Scala, @STRATACACHE; in re:  They’ve been re-energized by the perception that you can do it better outside of China. Drawdowns of inventory.  Samsonite is an example: travel bans and tariffs haven’t hit it very hard, so it has an inventory shortage.  Thailand, Vietnam and Cambodia. Not yet highly value-added product (electronics), but soon.  China has excellent infrastructure for trade; smaller countries are trying to compete. South Korea has it for TV panels and smart phone production.   With Biden coming to the table as a new entity . . .   China’s water is contaminated. ADM: corn, wheat, sorghum. US has to get better at bldg trade relations that are favorable two ways, not just one-sided.  
      Pandemic gives us a chance to create major changes.  There are still fundamental challenges around intellectual property and fair trade.  Global trade will have a very good year.