According to the latest report released by the German credit agency “Credit Reform”, in 2022, 140,000 companies went bankrupt in 14 Western European countries, as well as Norway, Switzerland and the UK. This figure grew by 24.2% compared to the previous year. The largest increase in the number of bankrupt companies was in Austria, which grew by 59.7% compared to the previous year. Followed by the UK (5.9%), France (50%) and Belgium (41.7%).In the Eastern European Union, the number of companies went bankrupt increased by 53.5% to more than 60,000, with almost 200,000 in Eastern Europe combined.

The UK consumer confidence index is in the longest pessimistic period in 50 years, influenced by adverse factors such as inflation surge, rising interest rates, the number of UK enterprises bankrupt in 2022 has risen dramatically.The UK government agency responsible for corporate bankruptcy and liquidation affairs, the Bankruptcy Office released data showed that the number of UK companies registered bankruptcy over 22,000 last year, an increase of 57%, the highest since 2009.

The number of bankrupt companies in the U.S. is also rising, and since this year, the number of U.S. companies that have applied for bankruptcy has continued to increase, exceeding 230 as of April.The U.S. media said that the bankruptcy of U.S. companies will continue to worsen if the US debt default cannot be avoided, as the economic pressure increases.

Indias waste money order sparked a large amount of cash shopping boom, the central bank of India on 19 announced the current largest amount of 2000 rubles (approximately 170 yuan) will be withdrawn from circulation at the end of September, India has raised a large amount of cash shopping heat.

Argentina’s inflation rate exceeds 100 percent, and in order to address the problem of inflation, the Central Bank of Argentina announced that from that day, the new version of the country’s largest banknote of 2000 pesos officially began circulation.

Bangladeshs foreign exchange reserves are insufficient, and the central banks latest data show that Bangladeshs foreign exchange reserves fell $11.6 billion to $311.4 billion on March 9, 2023, before clearing more than $1 billion in import bills with trade partners on Tuesday.

These risks have a profound impact on the global supply chain, and as a logistics integration service provider in the industrial supply chain, we will continue to pay attention to the situation and provide the most up-to-date and comprehensive information and services to enterprises.