Afternoon Coffee: Africa Becomes Hub for Clothing Production, West Coast Ports Share of Container Imports Falls in May

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Apparel companies are increasingly sourcing their goods from Africa due to low production costs and low worker wages in African countries. Ethiopia, specifically, has become a top sourcing destination for clothing companies.

West Coast ports accounted for just 45% of the share of container imports to the US during May, which is down from 51% a year ago, new data from the US Census Bureau shows. Many shippers in Asia decided to send containers elsewhere due to the slowdown in activity at the West Coast ports.

Royal Dutch Shell Plc plans to begin drilling for oil in the Arctic next week, where the oil giant will tap into a reserve in the Chukchi Sea that is expected to hold the equivalent of 29 billion barrels of oil and gas.

General Motors has announced a worldwide recall of Hummers and Chevrolet Spark and Sonic cars. In the US, 165,000 Hummers are included in the recall.

 

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