OK, OK we won't talk too much about the weather in this issue, other than that it's bloody hot almost everywhere in Western Europe with no signs of any major change in the coming
fortnight. One thing though is pretty clear…anyone who is still dismissing climate change as the culprit of this heatwave is either pretty dumb or president of the U.S. Or both.
As for the latter, the speed at which this ignorant guy is scrapping Obama-era measures aimed at countering at least some root causes of climate change, is alarming, and quite frankly, criminal.
Meanwhile, focussing on freight, recent data from WorldACD and IATA confirm earlier assessments that air cargo’s worldwide volume growth is stagnating, prompting WorldACD to state in its monthly overview that "the world of air cargo looks fairly uncertain at the moment: for once, to predict the future it may be just as helpful to read the tea leaves (as well as tweets?) or to gaze into a crystal ball."
The unrelenting threats of the Trump administration to put tariffs on even more Chinese imports, as well counter measures announced by the Middle Kingdom, don't bode well for the future of global trade, or for that matter, air freight.
Despite the fact that tariffs at the earliest would go into effect on September 6, the uncertainty is already creating (unnecessary) turmoil in several businesses as they weigh their options for sourcing and production. So, no wonder market analysts are loath to make predictions for the second half of 2018, and indeed mid- and long-term growth. Should all this develop in a real trade war though, it will be good to remember that this mess started in Washington, D.C., not in Asia or Europe.
Despite all these worrying developments, we have again a wide selection of funny, weird and stupid items in this month's edition of Punch Bag. So sit back and relax and enjoy this new edition of Punch Bag.
Nol van Fenema