Spot shipping rates continued to decline as carriers had some capacity freed up, the Federal Reserve Bank of Richmond (Richmond Fed) indicated. Globally, the Drewry Composite World Container Index (WCI) decreased 3% last week to $3,383.46 per 40-foot container. Shipping The WCI is the leading source of frequent,
The Global Indicator of Economic Activity (IGAE) of Mexico increased 1% in August 2022, at a monthly rate and with seasonally adjusted figures, Inegi informed this Tuesday. In a panoramic manner, the Mexican economy manifested during the last five years a relatively slow growth, exacerbated by the negative
An electric vehicle requires an average of 15,000 individual parts/components, says the American Automotive Policy Council (AAPC). To consider: the typical passenger vehicle with an internal combustion engine has about 30,000 individual parts and components. In any case, the automotive supply chain is the longest and most complex
There are currently 44 passenger vehicle assembly plants located in the United States, of which 25 are operated by Ford, General Motors and Stellantis. According to the American Automotive Policy Council (AAPC), it takes about $2 billion in initial capital investment to build a single new auto assembly
Mexico‘s customs applied automatic licenses (automatic notices) to 1,041 tariff lines in 2021, according to information from the World Trade Organization (WTO). To size that amount, two references: it represents 13.3% of the total tariff lines, while in 2016 that percentage was 8.2% of the total. Mexico applies
Miniso Group Holding Limited reported that it opened 500 new Miniso stores worldwide in its last fiscal year, which ended last June 30. With this, the company operated 5,200 Miniso stores until then, of which 3,200 are located in China. Particularly in China, the company managed to open