Asia: What's Coming in 2024

Geopolitics still dominates the risk and operations landscape, leading to a variety of unexpected and difficult consequences for companies in the region.

Daily Risk and Operations Intelligence for Asia

張衍義:紅海危機能讓運價漲多久不知 會透過跳港、空班因應

Zhang Yanyi: I don’t know how long the Red Sea crisis will keep freight prices rising. Will we respond through port hopping and empty flights?

ETtoday | Local Language | News | Feb. 22, 2024 | Supply Chain Issues

Zhang Yanyi, Chairman of the All-China Shipping Federation and Chairman of Evergreen Marine Shipping, spoke during a Spring Festival gathering of the maritime industry about the challenges facing the shipping industry. High freight rates due to the Red Sea crisis and the ongoing war between Russia and Ukraine are putting pressure on the global shipping industry. This, along with the push for green transportation to achieve net-zero emissions by 2050, underscores the need for resilience and flexibility in the shipping supply chain. The Ministry of Transport plans to focus on aviation safety, sustainable shipping, access to outlying islands, and marine tourism as part of its 113-year work plan. Meanwhile, various government policies have been implemented to enhance international competitiveness in the maritime industry. Additionally, the need for overall planning for railways, highways, and ports was emphasized, and suggestions were made to increase government spending on construction.

New Developments

South Korea
Indirect Indicator | Feb. 21, 2024

Electric Vehicle subsidies in South Korea

Indirect Indicator | Feb. 21, 2024

Korea's Household credit growth slowing

Indirect Indicator | Feb. 21, 2024

Japan's assistance and relation with Ukraine

Indirect Indicator | Feb. 21, 2024

Correction order to Toyota Industries over engine fraud

Indirect Indicator | Feb. 21, 2024

Changes in China's Loan Prime Rate (LPR)

Indirect Indicator | Feb. 21, 2024

China's Action on Fujian Kinmen Boat Incident

Direct Indicator | Feb. 21, 2024

Tensions in Relations between Taiwan and Mainland China

Indirect Indicator | Feb. 13, 2024

Yunlin man threatening with gas barrels

Indirect Indicator | Feb. 21, 2024

Chandigarh mayoral polls

Indirect Indicator | Feb. 21, 2024

Zee and Sony's Merger Attempts

Direct Indicator | Feb. 21, 2024

Forest fire in Hoang Lien National Park

Indirect Indicator | Feb. 15, 2024

Traffic accidents causing police casualties