The Recovery Of The Global Manufacturing Industry Is Stuck By Multiple Factors(3)

The recovery of the global manufacturing industry is "stuck" by multiple factors(3)

The factor of skyrocketing global shipping prices cannot be ignored. Since the beginning of this year, the bottleneck problem of the international shipping industry has been prominent, and the shipping prices have continued to skyrocket. As of September 12, the shipping prices of China/Southeast Asia—West Coast of North America and China/Southeast Asia—East Coast of North America have exceeded US$20,000/FEU (40-foot standard container). As more than 80% of the world's trade in goods is transported by sea, soaring shipping prices not only have an impact on the global supply chain, but also push up global inflation expectations. The price increase has even made the international shipping industry cautious. On September 9, local time, CMA CGM, the world's third largest container carrier, suddenly announced that it would freeze the spot market prices of transported goods, and other shipping giants also announced to follow up. Some analysts pointed out that the production chain in Europe and the United States is at a semi-stop due to the epidemic and the super-loose stimulus policies in Europe and the United States have greatly increased the demand for consumer goods and industrial products in Europe and the United States, which has become a major factor in pushing up global shipping prices.

Overall, the epidemic is still the biggest recovery problem facing the global manufacturing industry. At the same time, we must also realize that it is China who insists on strict control of the epidemic, which not only ensures the first resumption of work and production on a global scale, but also becomes one of the few countries in the world with manufacturing capacity and order fulfillment guarantee. For a world that hopes to get rid of the epidemic as soon as possible and restore its economy, is it necessary to learn from China's successful epidemic prevention experience?