The Economist (October 9)
“Spending has come roaring back, as governments have stimulated the economy and consumers let rip. The surge in demand is so powerful that supply is struggling to keep up. Lorry drivers are getting signing bonuses, an armada of container ships is anchored off California waiting for ports to clear and energy prices are spiralling upwards. As rising inflation spooks investors, the gluts of the 2010s have given way to a shortage economy.”
Tags: Consumers, Container ships, Demand, Economy, Energy, Gluts, Governments, Inflation, Investors, Ports, Powerful, Roaring, Signing bonuses, Spending, Supply, Surge
Bloomberg (June 14)
“The shipping industry is struggling through its worst recession in half a century, and that icon of globalization — the mega-container ship — is a major part of the problem. With global growth and trade still sluggish, and the benefits of sailing and docking big boats diminishing with each new generation, ship owners are belatedly realizing that bigger isn’t better.”
Tags: Better, Bigger, Container ships, Diminishing returns, Globalization, Growth, Recession, Shipping industry, Sluggish, Trade
