"With the collapse of the Soviet Union Cuba was in a position where no-one thought it would survive -- they lost 80 percent of their tradeovernight, " says Wendy Emmett of COSG.
It took only a matter of months for the financial meltdown in 2008 to spread to the real economy, which prompted an overnight crash in international trade volumes, as production orders were terminated, shutting down operations throughout supply chains across the globe.