Global Cargo Logjam Deepens
Amazon seller Bernie Thompson shifted half of his production out of China to reduce his business risks and still found himself in the crosshairs of logistical chaos besetting the movement of goods around the globe.A surge in demand for furniture, exercise equipment and other goods for shoppers sheltering at home in a worsening COVID-19 pandemic has upended normal trade flows.That has stranded empty cargo containers in the wrong places, spawning bottlenecks that now stretch from factories to seaports.
Modi Seeks Japan's Help for 'inclusive vision'
Indian Prime Minister Narendra Modi arrived in Japan on Saturday seeking to capitalise on his affinity with Japanese counterpart Shinzo Abe to strengthen security and business ties on his first major foreign visit since his landslide election victory in May. Modi is one of only three people that Abe follows on Twitter, while the Indian leader admires the Japanese premier's brand of nationalist politics. "We will explore how Japan can associate itself productively with my vision of inclusive development in India," Modi said before departing on Saturday for the five-day visit. He listed manufacturing, infrastructure and energy as key areas for cooperation. In his previous role as chief minister of India's fast-growing western state of Gujarat Modi had actively courted Japanese investment.
