News from World

tag: App

10 October 2022

WTO anticipates sharp slowdown in world trade growth in 2023

Global trade is expected to lose momentum in the second half of 2022 with merchandise trade volumes predicted to decline in 2023, according to a new report from @wto, World Trade Organization, economists. The UN partner agency has cautioned against imposing trade restrictions which would ultimately result in slower growth and lower living standards.

19 September 2022

"Quiet Quitting": Global Economy Loses Trillions of Dollars due to Low Worker Engagement

A less maniacal approach to one's profession and a greater regard for life outside of work is emerging under the name of "quiet quitting". The Guardian wrote that quiet quitting advocates reject the culture of the lust for work and limit themselves to performing only the tasks required of them. The trend is confirmed by a Gallup report. [here the report]

23 June 2022

European manufacturing slows down

Growth in Europe’s two largest economies slowed sharply as manufacturers suffered from a dearth of demand, increasingly strained supply chains and surging prices. With the initial boost from a loosening of Covid-19 restrictions in Germany and France wearing off, gauges of activity fell more than expected in June. Manufacturing output contracted in both countries. This was reported by Bloomberg, commenting on the surveys of S&P Global.

16 June 2022

USA, "Our sector" (consumption, clothing, etc...) worsens

The stock market is collapsing, inflation is rampant and scarcity is affecting supply chains, against the backdrop of Covid and the war in Ukraine. It is a terrible self-perpetuating cycle. The question for the apparel and footwear industry is: Will consumers continue to buy? Robert P. Antoshak's answer in this article (Staring at an Economic Precipice? Just Wait, It Gets Worse) in the Sourcing Journal is that for a while they will, but not for long.

13 June 2022

adidas sued Nike for patent infringement

Adidas has filed a lawsuit against the Beaverton-based company (the first federal lawsuit in history opened against its American competitor) for infringing patents related to the Nike Adapt system and the SNKRS, Run Club and Training Club applications. [Adidas Names Nike in Patent Lawsuit for Allegedly Infringing - The Fashion Law]

13 June 2022

"Decoupling" supply chains could lead to a 5% decrease in global GDP, according to the WTO

The WTO chief warns against the economic cold war: Ngozi Okonjo-Iweala tells POLITICO that now is not the time to withdraw from global trade and warns that the division of supply chains for political reasons would be detrimental to the world economy. A recent study shows that dividing the world into two separate economic blocs could "lead to a 5% decrease in global real GDP in the long term," she said. "This is a really staggering number."

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