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Shift in the centers of gravity of the demand: As of the beginning of April 2022, about four million Ukrainians have left the country for neighboring countries such as Poland, Romania, Slovakia, Hungary and Moldova. This has resulted in massive spikes in demand for basic necessities in these countries. This further adds to lead times.
China’s Tianjin port suffered a devastating explosion in August which left many manufacturers, insurers and shipping supply chains crippled. New productions are also in line in Slovakia, Austria and Brazil. Supply Chain and Shipping. We take a look at the lasting consequences. Image credit: Business Today. Cut Downs and Losses.
Freeports are government designated zones usually located around shipping ports and/or airports. Jebel Ali Port is the world’s largest fabricated port, and is serviced by over 100 shipping lines. In this 2022 guide to freeports: What is a freeport? Changi Airport serves over 100 airlines flying to around 100 countries and territories.
Poland’s bordering countries include Belarus, Czech Republic, Germany, Lithuania, Russia, Slovakia and Ukraine. Its prime location in Europe makes it an ideal location for shipping across Europe or Asia. The corporate tax rate is 19%, calculated on global corporate income from all sources if the company is headquartered in Poland.
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