Items
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consumerism
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2022-06-15
China’s shoppers are still on strike and youth unemployment is rising
This is a news story from CNN by Laura He. This article is on the economic impact of China's zero COVID policy. Retail sales fell 6.7% in May according to China's National Bureau of Statistics. It is slightly lower than the 11. 1% drop in sales from April. Customer spending has fallen in about every category except for food, drink, and petroleum. Youth unemployment is rising in China, as places that would hire young workers were forced to shutdown with lockdowns. The youth unemployment rate rose 18.4% between the 16-24 range in China. -
2021-10-22
How the Supply Chain Broke, and Why It Won’t Be Fixed Anytime Soon
This New York Times article from October 22nd, 2021 - updated October 31st - explains the current status of the global supply chain. Global Correspondent, Peter S. Goodman, writes that Covid exacerbated existing problems in the supply chain. This is relevant to the art industries in ways people often overlook. Coordinating shipments to meet deadlines in international art exhibitions, loaning works or consigning are all things that I used to struggle to plan for in light of covid when there would be unprecedented shipping delays and costs. Additionally, clients always want lower costs for shipping newly acquired works, however, it is now even more difficult to marry sales and client relations with the realities of shipping.