Author - Everstream Team

Hong Kong Protests: Impact on Supply Chain Operations

Executive Summary On September 4, Hong Kong Chief Executive Carrie Lam announced that her government would be formally withdrawing the highly controversial Fugitive Offenders and Mutual Legal Assistance in Criminal Matters Legislation Bill, commonly referred to as the extradition bill, in the latest bid to bring an end to the...

China’s Scrap Import Restrictions and Impact on Global Supply Chains

Executive Summary From July 1, China imposed restrictions on imports of Category 6 products, which largely consists of high-grade scrap metals, that will be shifted from an ‘unrestricted’ to ‘restricted’ import catalogue and regulated through import licenses and quotas. The latest restrictions come following a Category 7 import ban on...

Tariff Hikes: Escalation of the U.S.-China Trade War

Executive Summary China’s State Council Tariff Commission (SCTC) announced on August 23 that it will be imposing 5 or 10 percent tariff rates on USD 75 billion (EUR 67.6 billion) of U.S. imports covering 5,078 tariff lines which will come into effect on September 1 and December 15 respectively. The latest tariff...

Japan-South Korean Trade Tensions:
Implications for Technology Supply Chains

Executive Summary On July 1, Japan’s Ministry of Economy, Trade and Industry (METI) announced that export control regulations would be placed on three high-tech chemical materials, considered essential for semiconductor and microchip production, effective from July 4. Japan has also announced on August 2 that it will be removing South...

U.S. Threatens Further Tariffs on Chinese Imports:
An Analysis of Sectors Potentially Impacted

Executive Summary On May 10, the Office of the U.S. Trade Representative (USTR) issued a notice proposing additional ad valorem tariffs of up to 25 percent on USD 300 billion (EUR 266.6 billion) worth of goods imported from China, commonly referred to as “List 4” in relation to Section 301 of the...

Trends in Supply Chain Risks: Why Container Ship Fires are Here to Stay

Executive Summary In early 2019, two of the world’s largest container vessels caught fire, highlighting an accelerating trend and the growing need for companies to manage this new type of supply chain disruptionInsurance companies estimate that major fire on a cargo vessel at sea occurs every 60 daysContainerization of seaborne...

supply chain resilience

Chinas’S Retaliatory Tariffs on U.S. Goods: A Sectoral Analysis

Executive Summary In response to the U.S. decision to raise tariffs to 25 percent for USD 200 billion (EUR 178.6 billion) of Chinese imports on May 10, China imposed retaliatory tariffs of 5 to 25 percent on 5,140 products imported from the U.S. worth USD 60 billion (EUR 53.3 billion)...

Stormy Weather Ahead: A Global Outlook on the 2019 Season

Executive Summary During the upcoming tropical storm season in the Northern Hemisphere, companies should brace for up to 4 major hurricanes in the Americas and 10 major typhoons in East Asia, according to storm forecasts.  Common storm paths and past landfalls reveal that parts of the United States, China, Japan, and...

U.S. Gives Japan and the E.U. Ultimatum to Negotiate a Deal to “Limit or Restrict” Auto Imports Within 180 Days

Executive Summary Amid expectations that U.S. President Trump would decide on whether to impose tariffs on imported cars and auto parts by May 18, it now seems likely that he will sign an executive order this week that will give Japan and the European Union 180 days to negotiate a...

The Jiangsu Yancheng Explosion: Implications for Industrial Safety and Chemical Supply Chains

Executive Summary A major petrochemical plant explosion at Jiangsu Tianjiayi Chemical Company on March 21 has set off a wave of nationwide industrial safety inspection campaigns that have triggered significant production halts, plant closures and industrial zone shutdowns across China, particularly for companies operating in the chemicals sector. The March 21...