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Global supply chains buckle as virus variant and disasters strike

Jul 25, 2021 LONDON/BEIJING – A new worldwide wave of COVID-19. Natural disasters in China and Germany. A cyberattack targeting key South African ports. Events have conspired to drive global supply chains toward a breaking point, threatening the fragile flow of raw materials, parts and consumer goods, according to companies, economists and shipping specialists. The delta variant of the coronavirus has devastated parts of Asia and prompted many nations to cut off land access for sailors. That’s left captains unable to rotate weary crews and about 100,000 seafarers stranded at sea beyond their stints in a flashback to 2020 and the height of lockdowns.

Vaccination issue threatens to sink shipping sector – Infinite Unknown

Vaccination issue threatens to sink shipping sector – Infinite Unknown
infiniteunknown.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from infiniteunknown.net Daily Mail and Mail on Sunday newspapers.

HNB ranked among Top 1,000 World Banks 2021 once again

Sri Lanka’s largest retail bank, HNB PLC, achieved another important milestone in its transformation journey, after once again securing its ranking in the prestigious UK- based The Banker Magazine’s Top 1,000 World Banks for the fifth consecutive year. The magazine is the world’s premier banking and finance resource, providing global financial intelligence since 1926. The Banker’s Top 1000 World Banks ranking has set industry benchmarks since 1970, providing comprehensive intelligence about the health and wealth of the banking sector. “Over the past year, global and local economic networks have been challenged with unprecedented intensity. In an environment of crisis and constrained economic activity, the impetus for strategic responses that support customers while leveraging technology to deliver banking products and services in new, innovative and – above all – efficient – ways has grown even greater.

Global supply chains buckle

Global supply chains buckle Reuters July 25, 2021 Deadly floods in China and Germany have ruptured global supply lines that had yet to recover from the first wave of pandemic, compromising trillions of dollars of economic activity that rely on them. PHOTO: REUTERS BEIJING/LONDON: A new worldwide wave of Covid-19. Natural disasters in China and Germany. A cyber-attack targeting key South African ports. Events have conspired to drive global supply chains towards breaking point, threatening the fragile flow of raw materials, parts and consumer goods, according to companies, economists and shipping specialists. The Delta variant of the coronavirus has devastated parts of Asia and prompted many nations to cut off land access for sailors. That has left captains unable to rotate weary crews and about 100,000 seafarers stranded at sea beyond their stints in a flashback to 2020 and the height of lockdowns.

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