Also In This Edition

U.S. firms prefer overstocking than reshoring
Goldman Sachs wrote in a recent research paper that reshoring appears to be limited so far, and inventory overstocking is the strategy that’s most clearly underway.

China Zero-Covid Strategy has Hit Freight Movement
China’s zero covid policy has worsened the supply chain situation further as operations at key Chinese ports remain at an all-time low, forcing carriers to make blank sailings in order to avoid congestion. However, as a relief to customers, carriers have waived off demurrage and detention fees for canceled export shipments.

China Zero-Covid Impact on Graphite Category
Globally, China accounts for about 70 percent of natural graphite and 49 percent of graphite electrode production. Any production restrictions or lockdown scenarios in China would lead to global shortage of the commodity.

Procurement ESPRESSO
Stories that offer a blend of viewpoints from CPOs and market analysts
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