163,318 truckers risk losing their CDLs when the FMCSA's new Clearinghouse rule takes effect in November. Here's what it means and how it impacts the industry.
Based on Bloomberg Economics' data dive, here are the 5 countries benefiting most from the US-China supply chain shifts.
Vietnam: Electronics manufacturing shift from China to Vietnam has seen exports to the US surge by 174% since 2017.
Poland: With a strong foothold in Europe’s auto industry, Poland's battery production ranks second globally, with greenfield investment up 11%.
Mexico: Overtook China as the top US goods exporter, with Chinese investment in Mexico jumping nearly 50% in 2022.
Morocco: A burgeoning auto sector supported by rich phosphate reserves, Morocco witnessed a 290% rise in greenfield investment.
Indonesia: A strategic player in the EV supply chain, Indonesia's exports to the US have increased by 71% since 2017.
Note: Greenfield investment refers to a form of foreign direct investment (FDI) where a parent company builds its operations in a foreign country from the ground up. In contrast to brownfield investments, where a company purchases or leases existing facilities to begin new operations, a greenfield investment involves the construction of new factories, the establishment of new production lines, and the creation of new distribution networks.
Glad to congratulate the new government in Warsaw. Met with senior Polish officials to strengthen U.S.-Poland partnership on defense, energy, trade, rule of law, support for Ukraine. pic.twitter.com/8bsiRH5BCy
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
Explore the significant shift in global shipping as severe drought conditions in the Panama Canal compel dry bulk vessels, especially those carrying U.S. grain, to reroute through the Suez Canal.
