COFACE NEWS – BRINGING YOU THE LATEST GLOBAL TRADE INSIGHTS
Post-pandemic production relocation: an opportunity for CEE countries?
The COVID-19 crisis has triggered a discussion on increasing supply chain resilience to foreign supply shocks. Before the pandemic’s arrival in Europe, a lockdown of factories that temporarily suspended manufacturing in China put the supply of intermediary goods at risk. In order to limit such risks, supply chain managers are likely to diversify their sources of supply. While China is not expected to lose its position of global supplier, the aftermath of the pandemic could bring opportunities for Central and Eastern European (CEE) countries in this diversification process, with a higher share in global supply chains.
Global transport: what does the future hold beyond COVID-19?
The COVID-19 pandemic has triggered a mobility crisis, mainly because of physical distancing requirements and the necessity to avoid confined spaces, in order to limit the virus’ propagation.
United States: two-speed business bankruptcies
As the COVID-19 epidemic hits the United States very hard, Coface forecasts in its baseline scenario that the country’s GDP will contract by 5.6% in 2020, before rebounding by 3.3% in 2021.
Asia-Pacific Corporate Payment Survey 2020: COVID-19 will overturn last year’s initial recovery
Coface’s annual Asia Corporate Payment Survey evaluates the payment behaviour of companies across nine economies in Asia Pacific. Data collection took place during the fourth quarter of 2019, before the COVID-19 pandemic, and valid responses from over 2500 companies in the region were collected. 2019 was dominated by trade tensions between the United States (U.S.) and China.
We joined the Marsh Webcast on the Corporate Insolvency and Governance Act
The Corporate Insolvency and Governance Act came into force in the UK on 26 June 2020, marking the most significant change to the country’s insolvency regime for many years.If you missed it, you can still watch the recording.