Russian Railways sent a consignment of Russian beef to Shanghai as part of the Agroexpress service

It has been an eventful nine months in 2022 for the supply chain industry. Ocean freight rates reached unprecedented highs as supply chain disruptions continued to roil the industry. Prices are finally cooling down, but still continue to be very high and are nowhere close to the 2019 levels. Will ocean freight rates continue to soften or will it rise again? What will be the impact of a looming recession, the conflict in Europe and a new set of regulations that kicks in early next year to rein in carbon emissions from ships?

Drafted by Roscongress Foundation and ITI Research Centre for the 2024 Eastern Economic Forum, this report focuses on the key factors of success in terms of interstate integration, as well as the development prospects for the global trade and logistics sectors in relation to BRICS.