Unusual disruptions in global supply chains are becoming a nightmare not only for businesses but for the global economy as well. It has reached such a dire state that even the US president had to make resilient supply chains a top priority of his administration.
Of late, energy prices have gone through the roof. Prices of natural gas and coal in recent weeks have risen to a level that is the highest in decades. Consequently, electricity prices in some parts of the world, especially in Europe, North America, and some parts of Asia have skyrocketed.
On June 11 earlier this year, the German Parliament, the Bundestag, passed a law called “Act on Corporate Due Diligence in Supply Chains”. This law obliges business organisations to fulfil their due diligence obligations in their supply chains with regard to respecting internationally recognised human rights and certain environmental standards.
Mohammad Kashem served a private company for 20 years. One fine morning when he was getting ready to go to his office, he had a sudden heart attack. Unfortunately, he could not recover, left this world, leaving behind a family of four members – his elderly mother, wife and two children.
Rice, the four-letter word, is not just the staple food; it is at the centre of the overall life of Bengalis, whether it is culture, politics, or the economy. Although many things have changed in Bengali life over time, rice remains radiant in its own glory.
Off late shipping costs have gone through the roof, making life miserable for the businesses. The freight rate for a 40-foot container to European base ports from Chattogram has reached to $5,000 level.
The human civilisation hasn’t experienced such a grievous catastrophe in the last 100 years. Both lives and livelihoods are dreadfully impacted due to the pandemic caused by the deadly coronavirus. This is the worst-ever global economic recession in decades, according to the World Bank.
China is indeed a surprise package! The country, from which the deadly coronavirus originates, seems to have recovered well as not only has it successfully contained the virus, but is also slowly showing signs of a return to normalcy as far as the economy is concerned.
The deadly coronavirus has started to take an outrageous toll. More than nine-and-a-half million people across the globe have been infected while nearly half-a-million people unfortunately lost their lives to the disease.