Global Trade News Archives - Page 5 of 14 - Market Inside - AI-Powered Global Trade Intelligence Platform

May 14, 2024 0Comments 201Views

China and Russia to Push De-dollarization Agenda in BRICS 2024

China and Russia are likely to discuss the agenda of de-dollarization in BRICS 2024 as both countries have agreed to use local currencies up to $260 billion. To counter the plan of two influential BRICS members in favor of de-dollarization, the United States is playing the sanctions card against China and Russia. What will be the impact of de-dollarization on the economies of BRICS nations? Could China become the world’s economic power? Let’s try to find the answers by analyzing the data. China and Russia agree to use local currencies up to $260 billion Within BRICS, China and Russia have openly agreed to replace the US dollar in global trade and transactions. They are also convincing other developing countries to

April 25, 2024 0Comments 384Views

How Could a Blocked Strait of Hormuz Disrupt the Global Oil and Gas Network?

In a recent geopolitical event, Iran shocked the world with potential disruption in worldwide oil supply by blocking the strait of Hormuz. This strategic place controls around 30% of the global oil supply and 20% of natural gas exports to the world, passing through this strait. The Strait of Hormuz is one of the biggest oil and natural gas reserves in the world. Due to its strategic location, any disruption to this strait may affect the worldwide supply of goods and oil. Discover how important the Strait of Hormuz is. Will the Strait of Hormuz Get Blocked? Whether this bottleneck of the global supply will be blocked or not, can be predicted. However, the potential disruption to worldwide supply chains

March 21, 2024 0Comments 287Views

EU-China Trade: A Tale of Increase & Decrease in Deficit

The European Union (EU), the world’s largest trading block consisting of 27 countries, and China, the world’s 2nd largest economy with a global manufacturing powerhouse, are failing on the economic front to sustain bilateral trade for both export and import businesses. China and the EU dominated the export market worldwide, with more than 17% and 13% respectively. Recently, a report was published that unveiled deteriorating bilateral trade relations between China and the EU. According to the report, there is a sharp 27% decline in the trade deficit in 2023 from 2022. It also revealed that EU overall exports to China decreased by 3% and imports by 17%. The narrowing of the trade deficit between China and the EU brings two

March 15, 2024 0Comments 281Views

Red Sea and Panama Canal Crises on Global Trade

The Red Sea and Panama Canal crises have taken the world of trade by storm. An unexpected chain of events has caused significant slowdowns in the affairs of trade. This has impacted the import and export trade of most countries dealing in various commodities. The escalating attacks in the Red Sea and climate-induced droughts have affected the Panama Canal, and key maritime routes are facing unprecedented hurdles. But how did this begin? What are its effects on trade and trade data? Is it a point of concern, and how is the world adjusting to this scenario? To get a better understanding of this, we’ll delve into the nitty-gritty of this matter in this blog and discover the linked countries getting

February 2, 2024 0Comments 160Views

Global Election in 2024 – An Opportunity for Business in Countries

We started our journey in 2024 with the commitment to pursue success in life, achievement, and recognition of fame. What if the election of a country does the same for export-import business? Let’s delve into the unfolding event of 2024 and see how countries’ elections are crucial for any business accomplishment. More than half of the world’s population will vote to elect their representative of a country in 2024, which will emerge as a transformative epoch in democratic history. The country’s representative determines the futuristic perspective of a country for development, diplomatic relations, enriching business culture, etc. by providing a conducive environment for economic growth and entrepreneurship. Mellifluous Election – An Opportunity for Business Growth Stable Policies – A

January 17, 2024 0Comments 418Views

Market Inside Launches Dashboard 2.0 with New and Advanced Features

Market Inside, the trade intelligence platform has successfully launched dashboard 2.0 with new and advanced features to access global trade data easily and instantly. Finding new prospects is hard as global businesses change their market strategies and target markets. Changing technologies are complex and surrounded by challenges. At Market Inside, we evaluate the trade activities of global companies, giving you access to fresh and accurate data and helping you take informed decisions. Market Inside has invested heavily in its data assets and is providing access of: 195+ Countries’ Global Import and Export Data 54 Countries’ Detailed Data 29 Countries’ Exclusive Data 2 million+ Import and Export Companies 2 billion+ Shipment Records 33 Countries’ Statistical Data 184 Countries’ Mirror Data 109

November 1, 2023 0Comments 193Views

Global Biofuels Alliance in G20. What Is It and How It Benefits?

Global Biofuels Alliance (GBA) is an initiative of the G20 attendees who participated in the G20 Summit 2023. The initiative marks the beginning of a new world order with clean energy transition, as it aims to promote the use of biofuels as an alternative to fossil fuels. Biofuels are liquid fuels derived from biomass (plant materials) and used as an alternative to fossil fuels such as coal, oil and natural gas and can be used as an alternative to traditional transportation fuels such as petrol and diesel, along with fuels used in the aviation industry. About The Global Biofuels Alliance The Global Biofuels Alliance (GBA) was presented by the Indian Presidency at the G20 Summit this year. The GBA will

September 6, 2023 0Comments 280Views

Food Export Ban by Countries Shocks Global Market

Countries including India, Russia, Argentina, and Turkey have put a ban on exports of more than 25 food products until December 2023, causing an increase in global food prices. For instance, the prices of some import-oriented food commodities, including ginger, onion, garlic, chillies, cumin, tomatoes, carrots, and some other spices increased manifold in Bangladesh due to the restriction. This decision has also severely affected the global food supply chain, most notably affecting the food security of developing nations. Let’s check which countries have banned or put restrictions on exports of which food products. List of Countries with Bans or Imposed Taxes on Food Exports India, Russia, Argentina, Bangladesh, Afghanistan, and Turkey are some of the major countries that put bans

August 29, 2023 0Comments 258Views

Warehouse Management – Meaning, Benefits, and Explanation

Now more than ever, wholesalers, third-party logistics (3PL), and shippers are under pressure to fulfill and deliver orders at e-commerce websites. According to a report, the U.S. online retail sales amounted to US$343 billion in 2019 which is likely to reach almost US$476 by 2024. While online sales and expectations for fast shipping are growing, the labour pool is shrinking. Until the Covid-19 pandemic took hold in mid-March 2020, it was difficult to find warehouse workers due to lockdowns. Post Covid-19, warehouse labour has become scarce because of a number of reasons including the Russia-Ukraine war, and the global economic slowdown. These forces all create the need for faster and more efficient warehouse management and logistics processes. What is Warehousing?