Le port de mer
: 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.