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The Latest Breaking News from Supply chain

Federal EV battery spending spree snubs Michigan, favors 'Battery Belt'

WASHINGTON — The U.S. Department of Energy on Wednesday announced $2.8 billion in funding across 12 states for electric vehicle battery production. None of the projects — most of which focus on battery mineral processing or component manufacturing — are in Michigan, which remains the largest auto-producing state in the…

Tribune News Service

Saudi Arabia’s National Industrial Strategy to Boost Global Trade, Supply Chains Partnerships

Saudi Minister of Industry and Mineral Resources Bandar AlKhorayef affirmed on Wednesday that the National Industrial Strategy (NIS) is an essential tool for diversifying the Kingdom’s economic base. Crown Prince Mohammed bin Salman launched on Tuesday NIS to realize the objectives of the Saudi Vision 2030.

Asharq Al-Awsat

UK 'must capture the carbon capture supply chain' to make race to Net Zero a true success story

Northern Powerhouse boss calls for strategy to ensure Humber's solution isn't purely a 'quick' win for Net Zero as needs laid out by refinery chief

Birmingham Post

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2 Industrial Stocks to Avoid or Sell Short Until Further Notice

While demand remained steady, the industrial sector is facing increasing headwinds such as inflation, interest rate hikes, and persistent supply chain disruption. Amid this, we believe fundamentally bleak industrial stocks, Plug Power (PLUG) and FuelCell (FCEL), might be best avoided or sold short. Read on.

StockNews.com

Rising Inflation Keeps Pushing This EV Stock Further off the Road

Electric Vehicle (EV) maker Lucid Group (LCID) failed to translate its top-line growth to bottom-line improvement in the second quarter of fiscal 2022. While the company mentioned strong demand for its offerings, chip shortage, material price inflation, and supply chain challenges might weigh on its growth prospects. Shares of LCID…

StockNews.com

The chips are down: Australia’s wet weather and supply chain woes causing potato supply issues

Growers say prices for fertiliser, fuel and transport have also skyrocketed because of Russia’s attack on Ukraine

The Guardian - AU

India-led alliance bats for diverse solar energy market

For countries to transition away from fossil fuels and toward cleaner energies like solar power, supply chains for components need to be more geographically diverse, officials during a conference on solar energy in New Delhi said on Tuesday

The Independent UK

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3 Top Industrial Stocks Under $50 to Buy Now

The industrial sector is expected to witness solid growth in the long run because of easing supply chain constraints and rising global demand. Moreover, the government’s focus on infrastructure improvement should stimulate the manufacturing of materials within the country, thereby boosting industrial production. Therefore, it could be wise to invest…

StockNews.com

Source your leather at 'APLF Asean'

Around 200 exhibitors covering the whole leather supply chain will gather during "APLF Asean 2022" at Halls 1-2 of Queen Sirikit National Convention Center, Ratchadaphisek Road, daily from 10am to 6pm, starting tomorrow until Friday.

Bangkok Post

How many Amazon packages get delivered each year?

Curious Kids is a series for children of all ages. If you have a question you’d like an expert to answer, send it to curiouskidsus@theconversation.com.

The Conversation

North East energy sector players come together at 'pivotal moment' for the sector

The transition to low carbon energy generation was discussed at a meeting of key companies such as bp, Equinor and GE

Birmingham Post

Ten Agreements Signed at Riyadh Supply Chain Conference

Supporting the Kingdom’s ambitions for becoming a global destination for logistics services, the Supply Chain Conference held in Riyadh witnessed the signing of ten agreements that bolster the position of Saudi supply chains in the face of geopolitical challenges. Moreover, Saudi Arabia announced inaugurating 59 logistic zones to bolster supply…

Asharq Al-Awsat

Developer responds to questions about site where investors have put in over £15m

The Sourced Development Group have said the Regent Plaza scheme has been delayed by supply chain issues and the global pandemic

Liverpool Echo

Latest US inflation data raises questions about Fed’s interest rate hikes

Experts say raising rates ‘isn’t working’ and that the real culprits are corporate pricing, energy costs and supply chain

The Guardian - US

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The Guardian - UK

Drought threatens England’s fruit and vegetable crop next year, says report

Scorching summer left reservoirs depleted and unlikely to recover, as growers warn of supply chain collapse in leaked meeting

Asharq Al-Awsat

Saudi Arabia Calls for Limiting Global Supply Chain Disruptions to Protect Energy, Food Security

Saudi Finance Minister Mohammad Al-Jadaan said that he had emphasized the need to protect supply chains from any future disruptions during his participation in the recent meeting of G20 finance ministers in Washington. Concerns pertaining to the Covid-19 pandemic and its variants, in addition to geopolitical tensions, have increased supply…

Zenger

Barges Hit Bottom Of Mississippi River As Water Levels Approach Historic Low

The supply chain across the nation's heartland is facing significant constraints that could have far-reaching consequences into the winter, starting with farmers in the Plains and expanding all the way to the overall economy of the United States

The Guardian - UK

Could self-driving trucks solve the supply chain crisis? Meet the AI trailblazer who thinks so

Prof Raquel Urtasun is the founder of a startup at the cutting edge of driverless technology – and the University of Toronto has been the perfect incubator for her research

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Chronicle Live

Boots customers left fuming after price of meal deal goes up to £4

A spokesperson for Boots said the price increase reflected rising costs including ingredients, production and supply chain costs

The Independent UK

IKEA calls 2022 an 'exceptional year' despite challenges

Swedish home furnishings giant IKEA says that despite “unprecedented challenges” caused by the war in Ukraine, supply chain disruptions, increased inflation and lingering fallout from the COVID-19 pandemic, 2022 had been an “exceptional year.”

Reuters

Peru aims to formalize artisanal gold miners, minister says

Peru plans to formalize small-scale gold miners, mining minister Alessandra Herrera said on Tuesday, amid growing international pressure to shed light on the supply chain of the precious metal in South America's top producer.

Reuters

If Taiwan is safe, chip supply chains will be secure, says Taiwan minister

Taiwanese Minister for Economic Affairs Wang Mei-Hua said on a visit to the United States on Tuesday that if Taiwan remains safe, global supply chains of vital semiconductors would also be secure.

Los Angeles Times

Commentary: Here’s how companies can strong-arm their suppliers into cutting carbon emissions

The Inflation Reduction Act is both the most important federal climate legislation ever and sadly inadequate to protect the U.S. and the world from the effects of climate change. Where it falls short, states could intervene with tougher regulations — but many won’t. That leaves corporations, which can pressure their…

Birmingham Post

Crown Estate refines five areas mapped in Celtic Sea for floating offshore wind

The authority has reduced the size of three of the original five areas and removed two ahead of the leasing round

StockNews.com

3 Solar Stocks to Sell, Liquidate or Avoid in Q4

The solar industry has been growing amid the increasing focus on clean energy. However, the sector is crippled by supply chain and trade issues. Given the near-term challenges, we think it could be wise to steer clear of fundamentally bleak solar stocks First Solar (FSLR), Sunrun (RUN), and Beam Global…

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