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Ryan Knudson

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
1465 total appearances

Appearances Over Time

Podcast Appearances

The Journal.
China's Cheap Goods Are Europe's Problem Now

In a year when China's biggest customer, the U.S., put up massive tariffs, China exported more to the world than ever before.

The Journal.
China's Cheap Goods Are Europe's Problem Now

And its trade surplus passed a trillion dollars for the first time.

The Journal.
China's Cheap Goods Are Europe's Problem Now

For Chinese e-commerce companies, Europe offered a lot of the same things the U.S.

The Journal.
China's Cheap Goods Are Europe's Problem Now

used to โ€” consumers with money to spend and its own de minimis regulation that allowed Chinese companies to import low-priced goods largely free of customs fees.

The Journal.
China's Cheap Goods Are Europe's Problem Now

But accessing the Chinese market meant a huge shift in these companies' supply chains.

The Journal.
China's Cheap Goods Are Europe's Problem Now

Chinese businesses have had to prop up a whole new logistics network practically overnight.

The Journal.
China's Cheap Goods Are Europe's Problem Now

Along these new trade routes, all kinds of small businesses are cashing in.

The Journal.
China's Cheap Goods Are Europe's Problem Now

It's such a vast trade network, spanning China to Europe, that it's even being described as a new Silk Road.

The Journal.
China's Cheap Goods Are Europe's Problem Now

So these Chinese companies see Europe as a very attractive market to sell their goods.

The Journal.
China's Cheap Goods Are Europe's Problem Now

How do they go about actually setting up the logistics to make this happen?

The Journal.
China's Cheap Goods Are Europe's Problem Now

Along the New Silk Road, there are businesses that have taken advantage of this pivot to Europe.

The Journal.
China's Cheap Goods Are Europe's Problem Now

One that's been quite successful is called My Freighter.

The Journal.
China's Cheap Goods Are Europe's Problem Now

Companies like MyFrader help get cheap Chinese goods to Europe.

The Journal.
China's Cheap Goods Are Europe's Problem Now

Once they actually get there, Shein and T-Move built up massive warehousing networks across the continent to stockpile their inventory.

The Journal.
China's Cheap Goods Are Europe's Problem Now

But demand for Chinese goods has risen so fast that there's been another kind of warehouse business popping up too.

The Journal.
China's Cheap Goods Are Europe's Problem Now

This has all been great for the Chinese e-commerce giants and the businesses along their trade routes.

The Journal.
China's Cheap Goods Are Europe's Problem Now

But like with those protests outside Xi'an, there's also been controversy.

The Journal.
China's Cheap Goods Are Europe's Problem Now

And there was even a scandal involving a sex doll.

The Journal.
China's Cheap Goods Are Europe's Problem Now

That's next.

The Journal.
China's Cheap Goods Are Europe's Problem Now

As Chinese companies started flooding the European market with cheap goods, retailers, who are some of the largest employers there, started to worry.