I mean, it also gets to the macro question. H how much tougher is it for you to pull off this turnaround right now given what's happening in the macroeconomic environment. >> Yeah.I here's what I always say to the our team. Uh I think if we get caught up in the noise, I I I think that becomes a distraction. And so trying to keep uh our team here really focus in on what we can control.And what we can control is being focused on sport and the athlete and then making certain we're bringing the most beautiful c ...

Core Insights - Poland's government imposed a sudden ban on all land border crossings with Belarus citing national security, which has led to significant disruptions in the Eurasian logistics network [2] - The closure of the border has resulted in a paralysis of the Central European freight routes, particularly affecting the Malaszewicze transshipment station, which handles approximately 90% of freight volume for the Central European Railway [2][4] - The crisis has triggered a chain reaction affecting various industries, with logistics costs rising over 15%, production halts in major companies, and significant unemployment risks for local logistics workers [4][6] Logistics and Supply Chain Impact - Over 300 freight trains have been stranded, leading to a backlog of 30,000 containers, impacting the supply of Christmas goods and essential electronic components [2][4] - Major companies like Volkswagen have halted production due to chip shortages, incurring daily losses of €2 million [4] - The crisis has prompted companies to diversify their supply chains, with some increasing local procurement rates and investing in alternative manufacturing locations [9][11] Geopolitical and Trade Dynamics - The Polish government's decision is viewed as a political maneuver against China's stance on the Ukraine issue, despite the significant trade relationship between Poland and China, which reached €28.7 billion in 2024 [6][8] - China is actively working to secure the Central European Railway as part of its Belt and Road Initiative, while also developing alternative logistics routes through Central Asia and the South [8] - The crisis has highlighted divisions within the EU, with neighboring countries urging Poland to reopen its borders to avoid further supply chain disruptions [8] Future Outlook - The ongoing situation may lead to a permanent loss of Poland's status as a logistics hub for Central Europe, as companies adapt to new supply chain routes and logistics networks [13] - The construction of the China-Kyrgyzstan-Uzbekistan railway is expected to shorten freight distances and increase annual capacity significantly [8][13] - The crisis could serve as a pivotal moment for global supply chain diversification, reshaping trade routes and logistics networks across Eurasia [13]

Core Insights - The U.S. soybean industry is facing significant challenges due to a sharp decline in exports to China, which has shifted its purchasing to South America [3][5][14] - Recent U.S. immigration policies are causing unrest in both the agricultural and high-tech sectors, further complicating the economic landscape [9][20] Group 1: Export Dynamics - In the 2023-2024 marketing year, U.S. soybean exports to China reached 24.9 million tons, significantly higher than exports to the EU and Mexico [3] - By 2025, major Chinese grain traders have almost entirely shifted their soybean purchases to South America, leading to a drastic reduction in U.S. market share [3][14] - The U.S. Soybean Association reports that the loss of Chinese orders is causing financial distress for approximately 500,000 soybean farmers [5][11] Group 2: Financial Impact on Farmers - A survey by the U.S. Agricultural Census indicates that household income for soybean farmers in the Midwest fell by over 30% year-on-year in Q2 2025 [7] - The U.S. Department of Agriculture predicts an 18% year-on-year increase in soybean inventory by Q4 2025, putting downward pressure on prices [13] - Many farmers are being forced to reduce planting areas or switch to less profitable crops like corn and wheat due to financial pressures [13][16] Group 3: Policy and Market Reactions - The recent increase in H-1B visa application fees has raised concerns among tech companies about higher operational costs and reduced global talent attraction [9][20] - The U.S. government is attempting to negotiate agricultural tariff agreements with other markets, but these efforts are unlikely to replace the significant volume of trade with China [16][20] - The agricultural sector is calling for a rational approach to trade policies to rebuild a healthy international trade order [20]