Geopolitical and economic headwinds batter freight markets; ‘ally-shoring and the allure of Mexico

In part 1 of this episode, host Mike King interviews one of the world’s leading economic and transport analysts: Paul Bingham, Director of Supply Chain Transportation Consulting, S&P Global Market Intelligence. They swing between freight markets and economic forecasts as they discuss Paul’s view that transport markets across modes are suffering from a pandemic ‘whipsaw effect’ which will result in consolidation and bankruptcies. Paul also believes that 2023 will be a “trough” for global growth and trade, and recovery will start in 2024, even as some key economies teeter on recession.

In part 2, Mike speaks to Alberto Villareal, Founder & MD of Nepanoa, about the options available to manufacturers and retailers looking to diversify sourcing risk, particularly if they’re looking at options in Mexico.

Guests: Alberto Villareal, Founder & MD, Nepanoa

Paul Bingham, Director of Supply Chain Transportation Consulting, S&P Global Market Intelligence

Episode in more detail

Part 1 – Paul Bingham, Director of Supply Chain Transportation Consulting, S&P Global Market Intelligence

Global economic and trade forecasts (1.35)

US economy, inflation and a freight recession (5.41)

Exporter outlook (8.14)

Trade and geopolitical risk (12.12)

China: decouple or de-risk? (15.22)

US domestic freight outlook (19.37)

Container lines in focus (22.39)

Part 2 Alberto Villareal, Founder & MD, Nepanoa

Global supply chain risk (30.41)

China+1 options in Asia (33.35)

Impact on Mexican exports and economy (35.37)

Key Mexico regions for FDI (40.19)

Mexican infrastructure (42.39)

Crime: the elephant in the room (47.25)

Labour costs (52.45)