Aaron Block, CEO of BayRu LLC describes how the political situation in Ukraine/Russia creates concerns
1. Question: Why is Crimea so important to Russia and Ukraine?
Crimea was Russia and many of its citizens speak and identify as Russian. See more here: http://nytimes.com/2014/03/07/world/europe/crimea-russia.html
2. Question: What are the biggest concerns North American companies face in Russia/Ukraine due to today’s unrest in Crimea?
Ukraine’s economy has been weak for many years and that is unlikely to change in the short-run. Oh the other hand, Russia has been an engine for global ecommerce growth. Prepare for more volatility. As a Russia-focused business, our major concerns today include: limited consumer spending due to a potential economic crisis in Russia, fewer purchases of international goods and services due to additional weakening of the Russian ruble (follow the ruble/USD changes here: http://www.exchangerates.org.uk/RUB-USD-exchange-rate-history.html).
The British International Freight Association (BIFA) has named Robert Keen as its new Director General to succeed Peter Quantrill who retires from the trade association in August.
Georgia Logistics compiles a monthly set of facts and figures regarding the Logistics Markets. We selected a few facts to share with you :-
John Wagner Jr. looks at figures from across the logistics industry and how they point to a slow but steady recovery for the US economy