Achieving Sustainable Shipping - Panama
- The port of Los Angeles processed record volumes of goods last year. A record number of ships passed through the Suez Canal (despite some attempting to sail sideways). The Panama Canal had record traffic. Global manufacturing output hit an all-time high. The World Trade Organization forecasts global trade volumes grew nearly 11%.
- This is not a picture of global supply chains lying in shattered ruins. Supply increased at an extraordinary pace in 2021. However, demand surged in a way the world has not experienced in 75 years. Thus, demand overwhelmed supply.
- Whether shortages and price increases are caused by supply problems or a demand surge matters. Supply chain problems take a long time to sort out. When President Trump imposed trade taxes, most supply chains had to stay as they were—it takes time to build new production facilities. US importers paid the price. In contrast, a demand surge can reverse quickly. One reason inflation increases are transitory is that the current demand surge can rapidly normalize.
- If imbalances are more demand than supply, why does supply get the blame? Politicians could tell people to stop enjoying themselves and spend less money. Alternatively, they can point to foreigners, blaming price increases and shortages on events outside their country. Blaming supply is politically easier.
Australia Corporate Client Solutions
Corporate Client Solutions includes all advisory and solutions businesses, origination, structuring and execution – including equity and debt capital markets – and financing solutions that involve corporate, financial institutions and sponsor clients.
UBS has one of the largest corporate finance practices in Australasia with professionals in Sydney, Melbourne, Perth and Auckland. Sector teams cover Consumer Products & Retail, Financial Institutions, Healthcare, Telecommunications, Media, Natural Resources, Technology, Building Products, Emerging Companies, Real Estate, Gaming, Transport, Utilities & Infrastructure.
UBS has consistently maintained its position as the leading investment bank in the Australian market through both league table credits and highly regarded industry surveys.
UBS is a leading player in Australia's equity capital markets with a breadth of experience that allows us to offer first class client execution and unique funding solutions using a wide range of structures. UBS has executed and underwritten more block trades than any other bank in the Australian market.
Our Financing Solutions team provides clients with comprehensive global financing solutions for transaction based financings, including corporate acquisitions and leveraged buy-outs (LBOs). The team includes experienced professionals specializing in financial structuring solutions and execution of complex acquisitions. Transaction teams from our worldwide locations are formed to combine the necessary structuring, industry sector and geographical expertise to develop financing strategies that meet our clients’ global funding requirements.
UBS Brasil Acquisitions
In the 10th edition of UBS Evidence Lab's survey of Brazilian car rental consumers and potential vehicle buyers, for the first time (ex. COVID period), the survey indicated rental industry demand weakening. In our view, a soft seminovos market could be the indirect cause of demand contraction. As higher car prices, along with high family debt and low credit availability, have negatively impacted vehicle depreciation, car rental companies have increased tariffs to recover profitability, possibly hindering demand (the survey showed financial factors remained the main drag on car rental volume). Regarding subscription vehicle service, despite increased awareness of the product, the latest survey indicated a slow pace of growth again. The share of respondents who believe renting costs about the same or is cheaper than owning a car decreased to 71% (from 77% in the previous survey), getting close to the 2020 level (the lowest of the series, at 70%). Moreover, there were no significant changes in the willingness to rent a vehicle instead of owning one (22% for monthly rentals and 24% for annual rentals, both +1pp YoY).