Global Supply Chain Woes Lingering Longer

©iStock/BING-JHEN HONG

Shipping giant Maersk said that congestion in global supply chains leading to higher freight rates has continued longer than initially anticipated.

Maersk raised its 2022 profit guidance for a second time on Tuesday, 8/2/22, after beating quarterly revenue expectations as congested global supply chains that have boosted freight rates persist longer than expected.

It ain't over yet.

Today in Global Small Business: Freightos Agrees to SPAC Merger

©iStock/Victoria Koitsova

What's affecting me, my clients, my colleagues and other global small business owners:

• Freightos, a fast-growing ocean and air freight marketplace similar to Expedia in air travel, announced recently it is going public through a merger with Gersher Acquisition Company.  Some interesting investors to date - surprise, surprise.
• Maersk boss say global trade is not going in reverse (might require registration).
• Roku and Walmart partner in exclusive streaming ecommerce offering.
• Retail sales slump?  Not if you operate in clothing.
• Quote of the week:  “If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.” – Jeff Bezos, Founder of Amazon.com
• Who knew we needed to read Trade Therapy.

Today in Global Small Business: Maersk Warns About Problems Facing Global Trade

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What's affecting me, my clients, my colleagues and other global small business owners:

• Maersk warns about problems facing global trade (ouch).
• Create professional videos that promote you and your business.
• Why the new drone proposal could make businesses very happy.
• What happens when Twitter alters its timeline feature.
• Why small businesses hold key to warding off a recession.
• Get a glimpse of how one business owner builds the best workplace in the world.

Betting On Global Trade Rebound

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If Maersk, the world's largest container-shipping line, is ordering ten huge container ships valued at $5.7 billion from South Korean Daewoo Shipbuilding and Marine Engineering Co. with a delivery date of 2014 -- that can only be good news for global traders!

Read more (NYTimes.com):
Maersk Line to Buy 10 New Ships, With an Option for 20 More