We sat down with Nate Johnson, the CEO of GLCS, to unpack the critical role of authenticity in leadership and what it really takes to stay ahead of cyber threats. Plus, our featured carrier this week.
Plus: Canada backs off digital tax after tariff threats, Werner beats a $100M verdict, Samsara teams up with HappyRobot to bring AI voice into freight ops... and more in today's newsletter.
Samsara aims to improve its services with investment with HappyRobot
Beijing warns economists to avoid discussing negative economic outlook after post-COVID recovery fizzles. FDI drops by $100 billion.
The Chinese government is cautioning economists against discussing deflation and decelerating economic growth, the Financial Times reveals. As foreign investment declines and China struggles to attain the rapid recovery it hoped for post-COVID, such directives have been passed down to economists, analysts, and researchers.
Key indicators show a concerning picture: a disappointing second-quarter growth, zero consumer price inflation in July, a surge in youth unemployment to 21%, and a staggering $100 billion drop in foreign direct investment in the initial quarter of 2023. Beijing recognizes these challenges but hasn't launched a significant stimulus initiative many experts deem necessary.
Source: Financial Times
3 - China's Q2 economic growth stands at 0.8%, a sharp fall from Q1's 2.2%. The current growth rate, equivalent to 3.2% annually, reflects one of the weakest periods in decades. Measures to stimulate demand are anticipated to be gradual in effect. #GDP #EconomicIndicators
— Victor-SQ (@victor5874u) August 8, 2023
August PMI shows manufacturing still contracting. Production plummets to lowest level since May 2020 as demand weakens and inventories rise. But there may be relief moving into the holiday season.
The U.S. manufacturing sector faces contraction with a PMI of 48.7 in May 2024, while manufacturing construction hits a record high. What's up with these mixed signals?
Inbound container imports to top two million twenty-foot equivalent units by May, a first since last fall.
TSMC's $11.6 billion award to fund three new chipmaking factories in Arizona.
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