Welcome to part two of Global Mobility Insights for 2024.
Within this second of three articles, you will find a summary of key events & challenges which are likely to impact your global mobility programme over the coming weeks and months.
For guidance on how best to approach these challenges/mitigate their impact, visit our website and get in touch with your local office here.
The Paris 2024 Olympics
As the Olympics (26th July – 26th August) and the Paralympics (26th August – 8th September) approach, we are starting to see landlords in Paris serve notice to long-term tenants so that they can rent out their properties at a much higher rate during the Games. As a result, the availability of long-term housing in Paris is reducing, and is likely to continue doing so as the year progresses.
Shipping around the globe
South African ports have been experiencing severe delays since October 2023. Recently, however, the situation has improved, with delays lasting 6 – 8 days, rather than the previous 14 days.
Many shipping lines are continuing to use alternative transhipment ports such as Port Louis, Coega and Walvis Bay for imports and exports. Given this change in vessel approach, an increase in rates is to be expected. However, this additional cost is much lower than the cost which would be incurred if a container ship were to get stuck in a congested port.
Over the coming weeks, we expect to see the length of the delays at ports in South Africa continue to reduce.
Director of Communications at Ratchet Capital | Strategic Storyteller & Brand Builder | Championing Resilient Communities through Purpose-Driven Leadership | Author |
1 年It will be interesting to see what the longterm effects off the Suez Canal crisis is going to be on shipping and relocations.