Washington Post (October 2)
“The commercial pipeline that each year brings $1 trillion worth of toys, clothing, electronics and furniture from Asia to the United States is clogged and no one knows how to unclog it.” The median cost of container shipping *from China to the West Coast of the United States hit a record $20,586, almost twice what it cost in July, which was twice what it cost in January.” Supply chain problems are now “expected to last through 2022.”
Tags: 2022, Asia, China, Clogged, Clothing, Commercial, Container, Cost, Electronics, Furniture, Pipeline, Record, Shipping, Supply chain, Toys, U.S., West Coast
Reuters (January 29)
“Equity analysts are still counting on a speedy reopening. They expect the 1,585 companies included in the Global MSCI Index to report 6% higher net profit this year than they did in 2019, and 21% higher earnings in 2022.” Constituents are “still valued on an average multiple of 21 times this year’s forecast earnings, far above a long-term average of 16 times. With the path out of lockdowns looking uncertain, such exuberance is likely to end in disappointment.”
Tags: 2019, 2022, Analysts, Disappointment, Equity, Exuberance, Forecast earnings, Global MSCI, Lockdowns, Multiples, Profit, Reopening, Uncertain
Financial Times (June 4)
Just as the World Cup is about to kick off in Brazil “the prestige sporting event has been tarnished by allegations of corruption at Fifa, world football’s governing body, over the choice of Qatar to host the 2022 competition.” But alleged bribes are hardly Fifa’s first red card. “Fifa is a body that has been mired in corruption allegations for so long – and which has been so lame in mending its shoddy governance – that it demands a complete overhaul.”
Tags: 2022, Allegations, Brazil, Corruption, FIFA, Football, Governance, Overhaul, Qatar, Soccer, World Cup
