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The Latest Breaking News from Supply chain

There's a lithium mining boom, but it's not a jobs bonanza

The promised surge in clean-energy jobs from the growing popularity of electric vehicles in the U.S. is mostly focused farther down the supply chain, like at battery assembly plants.

WEKU

2 Giant Stocks to Consider Buying Right Now and 1 to Avoid

With slower but surer interest rate hikes expected to put further pressure on the compressed margins of most companies and enhance the odds of an economic slowdown, the market is unlikely to stabilize anytime soon. Hence, it could be wise to load up on steady stocks, Microsoft (MSFT) and Eli…

StockNews.com

Global arms sales rise for 7th year despite supply chain issues

Weapons trade grows 1.9 percent according to SIPRI, with Russia’s invasion of Ukraine adding to supply chain problems.

Al Jazeera

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Apple Makes Plans to Move Production Out of China

In recent weeks, Apple Inc. has accelerated plans to shift some of its production outside China, long the dominant country in the supply chain that built the world's most valuable company, say people involved in the discussions.

Bangkok Post

'People can't buy oysters quick enough': Christmas frenzy begins amid supply chain issues

While Christmas remains several weeks away, the annual seafood frenzy has begun.

The Canberra Times

Why companies that resist reporting supply chain emissions risk losing their competitive edge

Corporate America is divided on whether to embrace the disclosure of Scope 3 emissions—the greenhouse gasses emitted by a company’s suppliers and customers. If they’re to remain competitive, this will have to change.

Fortune

Zero-Covid policy is costing China its role as the world’s workshop

Beijing’s endless lockdowns are causing shortages for western firms such as Apple, and it may not be long before they move their supply chains elsewhere

The Guardian - UK

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4 Auto Stocks to Sell Right Now and 1 to Buy

The automobile industry has been hit this year by supply chain issues, rising raw material prices, and chip shortages. With a recession expected next year, financially weak auto stocks could continue to tumble. Thus, it could be wise to sell Lucid Group (LCID), Workhorse Group (WKHS), Mullen Automotive (MULN), and…

StockNews.com

Biden signs bill to avert rail strike and says fight for paid sick leave ‘isn’t over’

President touted the “historic” 24 per cent wage increase the deal will provide workers over the next five years

The Independent UK

Darknet markets generate millions in revenue selling stolen personal data, supply chain study finds

It is common to hear news reports about large data breaches, but what happens once your personal data is stolen? Our research shows that, like most legal commodities, stolen data products flow through a supply chain consisting of producers, wholesalers and consumers. But this supply chain involves the interconnection of…

The Conversation

New project aims to revolutionise zero-emissions shipbuilding and create Scottish jobs

Marine engineering business partners manufacturing institute to keep supply chain local

Insider UK

Microsoft, Dell, and 1 Other Tech Stock to Add to Your Portfolio This Week

The growing adoption of cloud computing as part of continued digital transformation across sectors and increasing IT spending worldwide should drive the technology industry’s growth. Given the industry's promising growth prospects, it could be wise to add fundamentally sound tech stocks Microsoft Corporation (MSFT), Dell Technologies (DELL), and Juniper Networks…

StockNews.com

Biden in Michigan: US won't be 'held hostage' in chips supply

President Joe Biden visited a semiconductor chip manufacturer near Bay City on Tuesday afternoon, touting federal taxpayer investments in manufacturing to move supply chains to the United States and pursue an energy future with fewer carbon emissions.

Tribune News Service

Producers are adapting to climate change

Australian producers will need to become more resilient and continue to adapt to climate change, a parliamentary inquiry into food security has been told.

AAP

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The Guardian - AU

Evidence grows of forced labour and slavery in production of solar panels, wind turbines

A ‘certificate of origin’ scheme could counter concerns about renewables supply chains, says Clean Energy Council

Tribune News Service

Biden administration ‘closely’ watching protests in China over COVID lockdowns

WASHINGTON — The Biden administration is “closely” watching protests over President Xi Jinping’s COVID Zero lockdowns but does not yet see any threat to U.S. supply chains, a White House spokesman said.

Bangkok Post

Globalized Supply Chain Brings More-Turbulent Food Prices

For decades, globalization has increased the variety and reduced the cost of food. Now the pandemic, war in Ukraine and other global disruptions have shown how that complex supply chain can also result in more turbulent prices.

Reuters

White House: U.S. supports Chinese people's right to peaceful protest

The White House on Monday said it supported the Chinese people's right to peacefully protest against COVID-19 lockdowns and it did not see supply chain impacts from the demonstrations.

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Fortune

Top economist Mohamed El-Erian says inflation could get 'stuck' at an uncomfortably high number because of supply chain issues and a 'change in globalization'

Mohamed El-Erian says that inflation may get stuck at 4% as the global economy goes through a “profound” shift—and warns investors not to fall in love with the “short and shallow” recession theory.

Reuters

Analysis: Vietnam's anti-graft crackdown chills supply chains, investment

An anti-corruption drive in Vietnam has paralysed many routine transactions in the country, causing shortages of essential goods and dampening investor confidence in one of Asia's fastest growing economies.

Asharq Al-Awsat

Jordanian Logistics Association Signs MoU with DP World

Jordanian Logistics Association (JLA) signed a memorandum of understanding (MoU) with Dubai Ports World (DP World) to promote interests of small and medium shipping companies in Jordan. According to a JLA statement issued Saturday, the memo was signed on the sidelines of the first Global Freight Summit 2022 held in…

StockNews.com

Is This Inexpensive EV Stock Worth Buying in 2022?

While solid EV demand and favorable government incentives are significant tailwinds for the EV industry, EV manufacturer Mullen Automotive (MULN) is still far from starting its deliveries. The company is expected to struggle amid high inflation, supply chain issues, rising raw material costs, and stiff competition. Thus, is it worth…

Tribune News Service

Dude, where's my catalytic converter? Probably back in the supply chain

SEATTLE — Tow truck driver Edgar Plata spent most of a recent Monday as he often does these days, picking up the pieces after a spree of catalytic converter thefts.

Asharq Al-Awsat

South Korea President Warns of Crackdown as Trucker Strike Enters Second Day

South Korean President Yoon Suk-yeol warned the government might step in to break up a nationwide strike by truckers, describing it as an illegal and unacceptable move to take the national supply chain "hostage" during an economic crisis. Thousands of unionized truckers kicked off their second major strike seeking better…

Reuters

South Korea president warns of crackdown as trucker strike enters second day

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