September data indicates continued strength among US consumers as retail spending increased .07% compared to August. However, there also are signs of an upcoming slowdown such as reduced spending among lower-income consumers, falling personal savings and a rise in debt delinquencies. In addition, demand continues to ease...
The Drewry World Container Index (WCI) has remained stable over the past few weeks, but has experienced a drop of 60% when compared to the same period last year and is now sitting 4% below the average 2019 (pre-pandemic) rates of US$1420 and at its...
A shortage of rail cars has resulted in rising rail container dwells across the ports of Los Angeles and Long Beach, with operators unable to move inbound rail boxes off their marine terminals in a timely manner. Fortunately, at this stage this has not caused...
A series of recommendations have been proposed by the Western Australia Shipping and Supply Chain Taskforce that aim to alleviate supply chain risks for WA through initiatives such as the increased the use of coastal shipping for interstate and intrastate trade, enhanced training and career...
Whilst the pandemic saw pre-existing trends in the US beverage alcohol market intensify, recent analysis indicates that as the alcoholic beverage market settles post-pandemic, there appears to be a return to historic trends, with a few minor exceptions: Whilst beer and still wines volumes declined...
Whilst the Australian wine industry has grown, producing 1.3 billion litres in 2022, with more than 2,000 wineries employing 164,000 people and contributing AU$40 billion annually to the economy*, it has also simultaneously seen exports decrease by 10%, to AU$1.86 billion in the year to...
The recent announcement by the Prime Minister of China that it will expedite a review of the 220% wine tariff on Australian wine, as well as the Australian government's suspension of its action in the World Trade Organization has seen optimism increase around the removal...
In another sign of improving trade relations between China and Australia, China has lifted its ban on Australian hay exports. Following a two-year ban that saw hay exports to China fall from 360,000 metric tonnes per year (worth $160million) to 60,000 tonnes per year, this trade...
Despite ongoing negotiations and the DP World cyber security incident, the the Maritime Union of Australia (MUA) has chosen to continue further industrial action against DP World until the 18th of November, with increased speculation that this period will extend further into November. This wave of industrial...
DP World Australia has detected and began responding to a cyber security incident on Friday 10 November 2023. This has resulted in disruptions to port operations and freight services across Sydney, Melbourne, Brisbane and Fremantle. Whilst DP World did initially restrict landside access to Australian port...