The end of globalisation? How the invasion of Ukraine and Russian sanctions are impacting freight markets and the future of free trade.

March 16, 2022 00:53:16
The end of globalisation? How the invasion of Ukraine and Russian sanctions are impacting freight markets and the future of free trade.
The Loadstar Podcast
The end of globalisation? How the invasion of Ukraine and Russian sanctions are impacting freight markets and the future of free trade.

Show Notes

Russia’s invasion of Ukraine is causing significant supply chain issues as carriers, ports and forwarders cancel services due to the fear of carrying or handling sanctioned cargo or incurring reputational damage.  The Black Sea, meanwhile, has been classified as a high-risk war zone by the Joint War Committee, a move that has hit imports and exports. Europe’s open skies have also been dramatically closed with all sorts of implications for airlines.

In Part 1 of this episode, we explore what War in Europe and sanctions regimes means on a practical level if you’re in the business of logistics and freight. We ask what next for air cargo and shipping operations and freight rates? And what does this invasion mean for rail services from Asia to Europe?

We also hear how logistics companies are helping the humanitarian effort and what we can all do to help. And we hear the traumatic story of one seafarer who was on the wrong end of Russian missiles in the Black Sea.

In Part 2, we look longer-term. Is this the end of the post-world War 2 rules-based order on which global trade and globalisation itself were built? And, if so, what does this mean for the supply chain landscape on which you all plan and compete?



Michael Every, Global Strategist at Rabobank

Ami Daniel, CEO of Windward

Adrian Batayen, seafarer on the Namura Queen, a vessel attacked by the Russian Navy off Ukraine in the Black Sea

Chris Weeks, VP, Humanitarian Affairs, Deutsche Post DHL

Alex Lennane, Publisher, The Loadstar

Nick Savvides, News Editor, The Loadstar


Episode in more detail

Part 1

Missiles and escape from the Black Sea (2.43)

Air space closures – impact on air cargo capacity and rates (8.32)

Rail to ocean? (13.20)

Sanctions explained (14.50)

Russia and reputational risk as carriers pull services (17.50)

How companies and governments are defining ‘Russian’ interests and scaling up due diligence (22.00)

The humanitarian efforts of the logistics industry and how to help (26.59 – 35.27)

Part 2 – The post-invasion geopolitical and logistics landscape

Exclusive interview with Michael Every, Global Strategist at Rabobank

The changing world order and history in fast-forward (36.00)

Sanctions and the weaponization of Western institutions (38.40)

The new trading environment and why it’s a zero-sum game (42.40)

What this new Cold War and the politicisation of supply chains mean for logistics professionals (45.21)

The end of Belt and Road? (48.50)

How to succeed in this new environment (51.32)


Credit: created, produced and hosted by Mike King

Other Episodes

Episode 5

April 07, 2022 00:45:42
Episode Cover

Easter challenges: Covid lockdowns, port congestion, war in Europe and a lack of slots and flights

The lesson of this Easter episode is do not put all your freight eggs in one basket. Supply chain disruptions covered include the implications of more Covid lockdowns in China, port congestion and what war in Europe is doing to air charter markets. We have the latest air and ocean freight rates, and we hear how SME forwarders are struggling to buy space from carriers. And, will Bollore and Gefco be the next acquisitions by Europe’s container lines? Guests Glenn Hogben, CEO of the Air Charter Association Peter Sand, Chief Analyst, Xeneta Chris Higgins, Commercial Director at AFS Mike Wackett, Loadstar Sea Freight Correspondent   Episode in more detail Gefco and Bollore up for grabs. Will lines snap them up? (1.00) Lockdowns in China – implications (6.30) Ripple effects; port congestion (9.20) Carrier strategy in northern Europe (18.50) War and the state of air charter markets (21.10) How does air cargo get back to ‘normal’? (28.40) SME forwarders: the forgotten liner customers (31.26) The end of customer loyalty? (33.43) Container charter markets (42.00) P&O/DP World: the biggest PR fumble in history? (43.50)   Credits: Created, Produced and Hosted by Mike King ...



November 04, 2021 00:49:44
Episode Cover

A never-ending peak season, IKEA exclusive and much ado about COP26

Credits: Created, Produced and Hosted by Mike King EP8 of The Loadstar Podcast reports direct from Glasgow where world leaders are congregating for COP26, a meeting many believe is the last chance saloon for meaningful progress on climate change and one that could shape supply chain planning and investment for years to come. EP8 also examines: How IKEA is coping with logistics and supplier bottlenecks (33.30 mins). Why US air cargo supply chains are at full stretch (19.30). Why climate change is increasing the likelihood of containers being lost overboard (6.40). Why airlines must do more on sustainability (15.45). Why decarbonised supply chains mean higher costs.    Guests in this episode: Susanne Waidzunas, IKEA Supply Chain Operations Manager Brandon Fried, Executive Director of the Airforwarders Association Peregrine Storrs-Fox, TT Clubs Risk Management Director Michael Page, broadcast meteorologist at Flawless Forecast Nick Savvides, Loadstar News Editor Alex Lennane, Loadstar Publisher   ...



December 02, 2021 00:58:41
Episode Cover

Power cuts in China, the Transpacific rollercoaster and global port congestion bites

Credits: Created, Produced and Hosted by Mike King EP9 sweeps the length of global supply chains. From power cuts and factory shutdowns in China we swing across the Transpacific to the US where logistics networks are straining with final holiday season deliveries and pressure is mounting on the last mile. Then we jump to Europe where we’ll hear how terminal operators are coping with liner scheduling disarray. Or not as the case may be. EP9 in more detail: What did OEM Q3 financials tell us about supply chains? (2.40) The latest on air and ocean freight rates (5.50) Cathay Pacific and FedEx react to Hong Kong lockdowns (8.15) Maersk’s China logistics strategy as electricity shortages and Covid lockdowns bite (from 10.00 mins) Disruption ahead as Chinese New Year and the Winter Olympics loom in February? (15.20 – 19.00 and 23.35-25.00) Spotlight on the Transpacific trade (19.50) US supply chain crunch explained (25.00) What rising sales to inventory levels mean for US demand (28.00) SEKO Logistics’ acquisition plans and Godfather III (30.20) The US last-mile crunch, post-holiday reverse logistics and union troubles at UPS (36.21) The port of Rotterdam’s plans to tackle terminal congestion (41.00) Could port congestion kill the love-in with 20,000 TEU container ships (50.00) Shipping’s underbelly: As the Omicron variant spreads worldwide and travel restrictions are reimposed, Frank Coles calls on governments to do more to protect the human rights of seafarers (52.45)   Guests: Cathy Roberson, president, Logistics Trends & Insights Caroline Wu, Area Managing Director for Maersk Greater China Hans Nagtegaal, Director of Containers at the Port of Rotterdam Brian Bourke, Chief Growth Officer at Seko Logistics Sam Whelan, Loadstar Asia Correspondent AND Frank Coles, EX-CEO of the Wallem Group and Strategic Advisor, Kariwa Maritime ...