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Red Sea distortion plus Mexico and Brazil record imports from China have seen shipping rates balloon

The global container shipping capacity has been strained due to the Red Sea/Suez Canal situation and a restocking cycle in the U.S. and Europe with strong purchasing of Chinese goods. On May 17, the Shanghai Export Containerized Freight Index (SCFI) rose to 2520.76 points, a 9.3% increase from the previous week and more than a 130% increase since the Red Sea crisis in December, points out the Shanghai Shipping Exchange.

China's Supply Chain: Mainland Companies Are Moving Manufacturing Out

Western countries were already moving some supply chains out of China but now even Chinese firms are moving out due to geopolitical risks.

Chinese investment in manufacturing on the rise in Mexico

Chinese investment in Mexico continues to grow as more Chinese companies are drawn by Mexico's proximity and trade deals with the US.

MONTERREY, Mexico/GUANGZHOU  A towering red and silver gate marks the entrance to Hofusan Industrial Park, located in the middle of the de

Sunon inks deal to set up production base in Hofusan Industrial Park, Mexico