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‘No Signs of a Sustained Easing’ of Global Trade Gridlock

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Global trade is at a standstill thanks to continued port congestions worldwide, and recurring bottlenecks exacerbated by the recent pandemic-related closures of major Chinese terminals including Ningbo-Zhoushan and Yantian. World trade is expected to stagnate in September, according to The Kiel Trade Indicator, which estimates trade flows including imports and exports for 75 countries worldwide…

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