{"id":71075,"date":"2023-05-29T00:00:00","date_gmt":"2023-05-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/05\/29\/china-is-not-off-the-global-trade-map-just-yet-plus-e-commerce-giants-are-scaling-back-their-logistics-plans-uae-becomes-gold-trade-hub\/"},"modified":"2023-05-29T00:00:00","modified_gmt":"2023-05-29T00:00:00","slug":"china-is-not-off-the-global-trade-map-just-yet-plus-e-commerce-giants-are-scaling-back-their-logistics-plans-uae-becomes-gold-trade-hub","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/05\/29\/china-is-not-off-the-global-trade-map-just-yet-plus-e-commerce-giants-are-scaling-back-their-logistics-plans-uae-becomes-gold-trade-hub\/","title":{"rendered":"China is not off the global trade map just yet. PLUS: E-commerce giants are scaling back their logistics plans + UAE becomes gold trade hub"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Companies continue to rely on China despite its strained ties with the US: <\/span><span style=\"\">C<\/span><span style=\"\">ompanies like Chicago-based first aid kit producer Acme United say decoupling from China is no easy task given the country\u2019s position as the world\u2019s top exporter, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2023-05-25\/supply-chain-latest-adapting-to-global-economic-turbulence\" style=\"\">Bloomberg<\/a><\/span><span style=\"font-weight:400;\">reports. The company recently invested in a Chinese-made printing press at less than half the cost of a similar machine from the US or Europe. This new machine will quadruple their capacity to produce alcohol wipes. While the company is exploring the potential for production in the Indo-Pacific region and East Africa, China's dominance in steel production makes it impractical for the scissor producer to decouple from the country entirely. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Others echo the same sentiment:<\/span><span style=\"font-weight:400;\"> Policymakers at the Qatar Economic Forum have also acknowledged varying levels of closeness with China given its significance as an exporting powerhouse. The UK's secretary of state for business and trade emphasized the pragmatic nature of their relationship, while the Saudi investment minister highlighted his country\u2019s deep-rooted trade ties with China.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">ALSO WORTH KNOWING-<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">The UAE has emerged as a gold trade hub<\/span><span style=\"\">, as Russian gold shipments divert from traditional export routes on the back of the war. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/markets\/commodities\/russian-gold-shipments-uae-china-turkey-2023-05-25\/\" style=\"\">Reuters<\/a><\/span><span style=\"\">)<\/span><\/li>\n<li><span style=\"font-weight:700\">Several companies \u2014 including <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.ae.com\/us\/en\" style=\"\">American Eagle<\/a><\/span><span style=\"font-weight:700\">, <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.blueapron.com\/\" style=\"\">Blue Apron<\/a><\/span><span style=\"font-weight:700\"> and <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.shopify.com\/free-trial?term=shopify&adid=565944149490&campaignid=15436644160&branded_enterprise=1&BOID=brand&gclid=Cj0KCQjw98ujBhCgARIsAD7QeAj-XeuNV99cHPBGDrNBIKun93cMcs11JcUisHNN0qGfmzkfOrv7f4AaAuBEEALw_wcB&cmadid=516752332;cmadvertiserid=10730501;cmcampaignid=26990768;cmplacementid=324494362;cmcreativeid=163722649;cmsiteid=5500011\" style=\"\">Shopify<\/a><\/span><span style=\"font-weight:700\">\u2014 are going back on earlier plans to scale e-commerce fulfillment services<\/span><span style=\"\"> as online shopping sees demand fall from pandemic highs. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wsj.com\/articles\/companies-find-ambitious-logistics-strategies-havent-delivered-9b5c0dd3\" style=\"\">Wall Street Journal<\/a><\/span><span style=\"font-weight:400;\">) <\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Companies continue to rely on China despite its strained ties with the US: Companies like Chicago-based first aid kit producer Acme United say decoupling from China is no easy task given the country\u2019s position as the world\u2019s top exporter, Bloombergreports. The company recently invested in a Chinese-made printing press at less than half the cost [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":71076,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[56],"tags":[248,162,17,40,25,55,32,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-71075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-logistics-in-the-news","tag-china","tag-e-commerce","tag-enterprise-logistics","tag-exports","tag-logistics","tag-logistics-in-the-news","tag-trade","tag-uae","wpautop","entry"],"acf":{"mongo_id":"49e1187e-a6a0-4823-b043-25ef424edeba","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1527.jpg","photo_position":"above","homepage_title":"","full_issue_title":"China is not off the global trade map just yet. PLUS: E-commerce giants are scaling back their logistics plans + UAE becomes gold trade hub","related_issue":[71060],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.1407ac35-73f2-4058-9aff-527959ddb361.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>China is not off the global trade map just yet. 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