1、 Onyx Strategic Insights.Reproduction by written authorization only.Logistics OutlookJanuary 2024Transportation&Infrastructure2 Onyx Strategic Insights.Reproduction by written authorization only.Build strategy and manage risk through the lens of geopolitics and macroeconomics.Understand the forces s

2、haping the future of your organizationAssess their economic impactSeparate noise from signalFind better optionsA unique global networkWe are a division of Expeditors,one of the worlds foremost supply chain companies.Our core team of global,regional and industry experts is complemented by our extende

3、d network of logistics and supply chain practitioners on the ground in 350 locations in 100+countries globally.Quantifying impact is at the heart of our valueWe believe that geopolitics and macroeconomics can shape any business.But understanding them is only half the story:we combine qualitative ana

4、lysis and proprietary data to quantify impact on your business and produce actionable insights.We focus on what mattersWe fully integrate macroeconomic and geopolitical analysis,unlike any other consulting firm.Our approach is tailored to the issues,geographies and industries you care about.We focus

5、 on getting to the so-what of politics so you dont have to.Onyx Strategic Insights.Reproduction by written authorization only.3Summary of medium-term input cost pressuresInflation rates easing,but price levels set to remain historically highSource:OnyxMACRO&GEOPOLITICAL RISKSOCEAN FREIGHT MARKET DYN

6、AMICSRAW MATERIAL MARKET DYNAMICSOIL/MARINE FUEL MARKET DYNAMICSA regional conflict in the Middle East that affects oil supply could send prices$100/barrelA swing in momentum in Ukraine raises the risk of Russia further weaponizing energy suppliesPotential for a prolonged Chinese slump that reduces