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Trade to be constrained more by demand than supply

World goods trade looks to have had one of its weakest years in over 40 years in 2023. While shipping diversions may weigh on trade in the very near term, we think that they are unlikely to dent trade activity over a longer period. The bigger headwind is likely to come from subdued demand in the coming months.

We have updated our Shipping Disruption dashboard and will continue to do so on a weekly basis. This dashboard is available to CE Advance clients. If you haven’t got access to Advance, feel free to contact your sales representative or

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