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The Latest Breaking News from Supply chain

China, South Korea agree to strengthen talks on chip industry - Chinese commerce ministry

China and South Korea have agreed to strengthen dialogue and cooperation on semiconductor industry supply chains, amid broader global concerns over chip supplies, sanctions and national security, China's commerce minister said.

Reuters

Australia's biggest steelmaker Bluescope bolsters coal import capability at Port Kembla

As supply from Illawarra mines declines, a $182-million upgrade to BlueScope's Port Kembla coal berths will allow the steelmaker to import coal from Queensland.

ABC News

Consumers warned high price of fresh food here to stay

Fresh food suppliers say the high cost of energy and labour and the impact of supply chain disruptions is keeping fresh produce prices high for consumers.

The New Daily

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5 ways supply chains can mitigate costs

Supply chains can make simple changes to ensure that rising food costs will climb no further

Salon

Price inflation: five ways stronger UK supply chains can help reduce rising food costs

Annual price inflation has recently fallen below double digits, but food costs are still rising rapidly. Official UK figures show food prices rose by 19.1% in the year to April 2023.

The Conversation

Clock is ticking for UK car making unless battery supply chain is urgently established, say experts

A panel of automotive industry experts, including those with links to the North East, gave evidence to MPs this week

Birmingham Post

Ford Says EV Battery Supply Unlikely To Affect Its Production Goals

Ford execs said EV battery supply chain is not necessarily a constraint, but time is likely to be the real bottleneck.

InsideEVs

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Lisa Jarvis: How to solve America’s drug shortage problem

Drug shortages in the US are forcing physicians and the public to scramble for access to vital medicines. While the problem isn’t new, the number of products in scarce supply is nearing an all-time high — and could get worse as generic drug makers pare back on the breadth of…

Tribune News Service

Farmers' profits still not growing

The importance of building transparency within food supply chains

Salon

Over 300 Companies Want a Piece of the CHIPS Fund

Hundreds of semiconductor supply chain participants want to get money from the U.S. CHIPS & Science Fund.

Tom’s Hardware

Logistics firm Wincanton sees profits hit amid ‘inflationary pressures’

The Wiltshire-based supply chain manager said its underlying financial results indicated ‘profitable growth and strategic progress’ despite ‘challenging’ wider economic conditions

Birmingham Post

South Korean, German leaders agree to cooperate on supply chains, North Korea

The leaders of South Korea and Germany have pledged more cooperation in building stable supply chains and addressing the challenges posed by nuclear-armed North Korea

The Independent UK

Taiwan’s Tsai puts China, chip power center-stage in final year

Taiwan’s President Tsai Ing-wen said cross-strait security and reinforcing the island’s position in the global supply chain will be key priorities for her final year in office, as she lays a path for her deputy to succeed her.

Tribune News Service

Food prices are rising but farmers' profits are still small – here's why

More than 60 food industry representatives came together at a recent Downing Street summit to discuss the UK food crisis. It was billed as an opportunity to brainstorm solutions to rising food prices, falling production and uncertainty over trade agreements with overseas partners.

The Conversation

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Evening Standard

OPINION - The G7 in Hiroshima is about symbolism — and resilience

If you shudder at the crippled supply chains, energy price shocks and geopolitical instability flowing from Russia’s invasion of Ukraine, it has little on the global consequences of a Chinese attempt to take Taiwan by force.

The Independent UK

Japan's leader welcomes investment, exchanges to strengthen computer chip supply chain

Japanese Prime Minister Fumio Kishida at a meeting with computer chip makers has stressed that investment and international exchanges to strengthen the supply chain were welcome

The Guardian - UK

‘Investors want evidence’: how robust location data can add weight to firms’ environmental reporting

When it comes to risk and reputation, ESG considerations are at the heart of many business decisions. But companies need accurate information from trustworthy sources

ABC News

How 'dark underbelly' and forced labour is helping to fuel Australia's love affair with cheap solar

For millions of Australians, solar panels have been a ticket to cheap, clean power. But researchers and human rights activists warn there's a dark side to their supply and changes are needed.

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The Conversation

Canada's Modern Slavery Act is the start — not the end — of efforts to address the issue in supply chains

On May 3, Canada passed legislation aimed at addressing modern slavery — a term that typically encompasses forced labour, bonded labour and child labour — in supply chains.

Motorsport

JDC-Miller Porsche 963 debut “better than expected” at Laguna

Veteran sportscar star Mike Rockenfeller and his teenaged team-mate Tijmen van der Helm steered the 963 to seventh in the IMSA SportsCar Championship’s fourth round, having been forced to miss the opening three races due to supply chain issues that delayed the build of Porsche’s customer chassis.

Motor1

Honda To Stop Making Gasoline Powered Lawn Mowers This September

It indicated supply chain issues, and the growth of battery-powered lawn equipment led to this decision.

Bangkok Post

G-7 finance chiefs boost Ukraine aid, propose supply chain plan

NIIGATA: Group of Seven (G-7) finance chiefs put more aid on the table for Ukraine, set up a new supply chain initiative and vowed to fill regulatory gaps in the banking sector in a show of unity on global geo-economic issues after three days of talks.

Birmingham Post

Wastefront recycling plant creates complete supply chain for used tyres following new deal

The Port of Sunderland plant will process around 80,000 tonnes of tyres per year when it is at full capacity

Bangkok Post

Toyota forecasts 10% rise in annual profit, robust EV sales

TOKYO: Toyota Motor Corp on Wednesday said it expects operating profit to climb 10% this business year, with a five-fold jump in pure electric vehicle (EV) sales amid an easing in global supply chain disruption from a shortage of chips.

Bangkok Post

China’s Hozon to make EVs in Thailand

Hozon New Energy Automobile Co of China is preparing to start production in Thailand, becoming the latest electric vehicle maker to begin building a supply chain in the region’s top auto-manufacturing hub.

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