In early March this year, the crash of two large U.S. banks and the near fall of another two banks sent everyone into a panic in anticipation of a global financial crisis. The U.S. government, in conjunction with a group of the largest American lenders, stepped in to prevent further collapse and help restore a relative calm.

But what does this mean for financial institutions and customers both in the U.S. and globally?

Find out more here.

Over the last couple of years, Mexico has made substantial proposals and changes to oil and energy exports under President Andrés Manuel López Obrador’s government. Commonly referred to by his initials “AMLO,” López Obrador began planning and enacting multiple updates to oil production and exports that could drastically impact global trade, especially for the United States, China and others who heavily rely on Mexican fuel imports. But to understand the impacts, it’s important to get the full picture of Mexico’s energy sector and the proposed changes.

It is no secret that ocean and container shipping markets have had countless issues over the last year. An already fragile surge in ocean rates and reduced container capacity did not pair well with the recent influx in U.S. imports, which has resulted in a chaotic global market.

How Did We Get Here?

The shortage in container shipping resources, paired with high demand, did not happen overnight. There are quite a few contributing factors for the current market that have been building since early 2020. A few of the major causes are:

Mexico is a country rich in resources and potential. Among its notable industries are technology, oil production, brewing, automotive, mineral exploitation, tourism and manufacturing. In recent years, globalization has led to a growth in Mexico’s service sector.

Before carrying out any form of an international commercial transaction, it is essential to know the rules that regulate the responsibility of both the exporter and the importer. This helps avoid making mistakes that could generate extra costs or legal problems in the future. One of the most relevant issues is the Incoterms, which are specific terms used between the parties involved in a contract. Here is an in-depth description of their definition and importance: