Nasty Competition for COVID-19 Gear: Speigel

The COVID-19 pandemic pushed government officials at all levels to place big orders for medical protective gear. Then suppliers cancel orders after the US president implemented the Defense Production Act, allowing the US government to commandeer supply chains, even convincing Chinese manufacturers to cancel contracts for products already paid for by other customers. “The World Trade Organization (WTO) saw it necessary this week to remind the international community that it needed to act in a ‘free, fair, non-discriminatory’ manner,” reports Spiegel Online. “A total of $597 billion (546 billion euros) in medical products were sold worldwide this past year. According to a WTO report, the 10 countries in the world with the strongest purchasing power made three quarters of these deals.” Trade experts suggest that the unseemly competition over essential supplies, including price gouging and substitution of low-quality goods, is eroding global trust. Some government leaders donate token supplies to win political influence, and leaders that initially rejected social distancing and public health recommendations now hoard supplies. Such COVID-19 responses, more self-serving than heroic, could ruin reputations and pose long-term consequences. – YaleGlobal

Nasty Competition for COVID-19 Gear: Speigel

A global battle for masks, ventilators, protective equipment has erupted in COVID-19 pandemic; wealthy nations outbid the poor, but the strategy could backfire
Marian Blasberg, Georg Fahrion, Alexander Sarovic and Fritz Schaap
Wednesday, April 15, 2020

Read the article from Spiegel Online about the ugly competition for protective medical equipment.

Marian Blasberg, born in 1975, has worked as a reporter for SPIEGEL since 2014. He reports from South America and other parts of the world.

Since August 2019, Georg Fahrion has been responsible for Asia as a reporter in the overseas department of SPIEGEL and SPIEGEL ONLINE, since October 2019. He is based in Beijing.

Alexander Sarovic has been an editor at SPIEGEL ONLINE since August 2017, first in the Panorama and Business departments, then in the political department, then editor in the SPIEGEL international department since September 2019 and author since April 2020 at SPIEGEL.

Emerging Shipping Logistics Hubs – Who to Trust?   Manchester	Leeds/Sheffield Amsterdam	Tilburg/Eindhoven	Madrid	Philadelphia	Barcelona Beijing Seattle	 Munich Suzhou S Florida	Berlin Hangzhou Santiago	 Ruhr Nanjing Bajio Istanbul	Busan
Shifting trade: A CBRE report was released in 2015, long before concerns about secure supply chains and shortages of essential equipment that will prompt nations and businesses to reexamine logistics (Source: CBRE)

Logistic hub trends:  infrastructure investment; trade policy and agreements; demographics, including a rising middle class; supply chains; e-commerce and proximity to large markets
COVID-19 effect: More trade hubs could emerge, but one requirement is support for trade (Source: CBRE

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