The COVID 19 pandemic has ushered in some unprecedented changes all over the world. At the start of the pandemic, everyone thought that freight charges will either decrease or remain unaffected. After all, the global economy had suffered a massive downturn with lockdowns in force all over the world. Hence, it was logical to assume…

The global tire market has been on a bit of a roller coaster ride. Thanks to surging costs of raw materials, it has been registering a price increase of around three to five percent, on average almost every month. It is not just the Chinese tire companies alone, that have increased the prices of their…

Why Tyre Prices Are Increasing? Many factory reports of tyre price increases, along with the recent price increases in steel cords and carbon black, have eventually led to the question: Are tyre prices going to rise? The price of raw materials determines the production cost, and the price of tyres is influenced by consumer supply…

INTRODUCTION For the first time, China's Reform and Opening Up policy, introduced in 1978, permitted private power generation companies and foreign investment. In the past three decades, China's economy has responded with sustained economic growth of more than 10 percent, which has increased China's gross domestic product 15-fold. Today, the global community is leading China's…

Since the third quarter of this year, international shipping rates have been rising, with the ongoing shortage of shipping containers continuing to worsen. This has had a huge effect on the supply chains of cross-border agricultural produce. The cost of container transportation between China and the east coast of the U.S. increased to new highs…