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The Latest Breaking News from Supply chain

New Metung Hot Springs development to open by September, after delays

Ongoing COVID disruptions, supply chain issues, and wet weather have all contributed to delays in the opening of the new Metung Hot Springs facility in East Gippsland.

ABC News

Gurugram: India needs 46,000 charging stations, says white paper on electric vehicle adoption

Gurugram: Inadequate charging infrastructure, concerns around technological obsolescence, high cost of electric vehicle (EV) ownership compared to conventional vehicles and supply chain restraints are among several factors impeding the pace of EV adoption in India, according to a white paper released by industry leaders and domain experts in Gurugram on…

The Times of India

2 EV Stocks You Might Want to Avoid Right Now

Although the electric vehicle (EV) market is expanding, it is still being held back by supply chain snags and the absence of EV charging stations. In addition, growing economic worries have dampened consumer confidence, slowing overall demand. Therefore, avoiding fundamentally-weak EV stocks Canoo (GOEV) and Gogoro (GGR) may be prudent.…

StockNews.com

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Aston Martin sales rise - but supply chain disruption and logistics issues costing carmaker millions

Strong demand for sports cars means its models are sold out into 2023

Birmingham Post

Hundreds of Aston Martin cars left unfinished amid supply chain struggles

The carmaker said more than 350 cars were awaiting parts by the end of June

Evening Standard

A Historical Analysis of Commodity Cycles from the 1970s to 2020s

The global economy periodically experiences steep movements in commodity prices, causing cyclic booms and busts. These are called commodity cycles, a complex process emerging from macroeconomic shocks, supply chain bottlenecks, and policy failures.

Benzinga

Apple Q3 Earnings Imminent: Why Investors Are Watching Supply Chain, Chip Shortage Impact And More

Apple, Inc.’s (NASDAQ: AAPL) supply chain in China was severely constrained in the June quarter, and the degree of impact could be quantified when Cupertino reports third-quarter results Thursday after the market closes. An earnings call is scheduled for 5 p.m. ET.

Benzinga

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AMTE Power selects Dundee as site for first 'MegaFactory'

The new site should create around 215 on-site jobs and 800 jobs in the wider supply chain during development

Insider UK

Samsung Electronics Says Operating Profits Up 12.18 Percent in Q2

South Korean chip powerhouse Samsung Electronics said Thursday that second-quarter operating profits were up 12.18 percent, with record profits in its system semiconductor division despite global supply chain woes. The company's "system semiconductor businesses...

Asharq Al-Awsat

Despite Australia’s soaring inflation rate, some economists say the peak may be ‘coming into view’

Analysis: Inflation optimists look to falling global supply chain pressures but spiking energy prices suggest we haven’t reached a plateau yet

The Guardian - AU

4 General Motors Analysts React To Q2 Earnings Miss, Ongoing Supply Chain Challenges

General Motors Company (NYSE: GM) shares rebounded by 2% on Wednesday after the company reported disappointing second-quarter numbers as it struggles with parts shortages.

Benzinga

Medtronic Stock Keeps Ticking Forward

Medical device maker Medtronic (NYSE: MDT) stock is trading down (-14%) for the year. Medtronic is the world's largest medical device maker with a portfolio of glucose monitors, stents, insulin pumps, pacemakers, and catheters. It serves patients in over 150 countries.

Benzinga

Maruti Suzuki carmaker misses profit estimate as supply crunch bites

India’s biggest carmaker Maruti Suzuki, reported a lower-than-expected quarterly profit as rising input costs and supply chain constraints hurt earnings.

The Times of India

Sales and profits up at biggest UK brick maker despite industry-wide inflation and supply chain challenges

Ibstock said recent sales remained encouraging and the business had mitigated energy price risks

Birmingham Post

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Insider UK

Carbon capture could be worth £100 billion to UK economy by 2050

Offshore Energies UK report warns that Britain’s supply chain to support sector is fragile

The Independent UK

Developing nations seek to overcome energy, currency crises

Business leaders and officials from eight developing nations meeting in Bangladesh say more cooperation is needed among them to overcome dwindling foreign currency reserves, a growing energy crisis and supply chain disruptions

ABC News

Push to attract more female truck drivers as freight demand puts stress on supply chains

Queensland-based truck driver Corrina Riley says more women should consider a career in trucking, as the industry grapples with driver shortages and increasing freight demand.

Daily Mirror

Why Premier League fans are struggling to buy their club's new kits amid mass disruption

More than half of clubs across the top four English divisions have been impacted because of supply chain issues linked to Covid-19 disruption in Asian factories

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Evening Standard

SThree profits surge as supply chain crisis fuels demand for tech workers

Three in four small and medium sized companies plan to reshore some of their supply chains back to the UK within five years

The Hindu

Most new passenger vehicles in 2050 will be electric: Study

Experts say that investments in the EV ecosystem, to enhance the charging infrastructure and expand the local supply chain development, would help convince customers to adopt EVs over traditional vehicles

Al Jazeera

Russia, Ukraine sign UN-backed grain export deal

Agreement set to allow grain to be exported from Ukrainian Black Sea ports amid fears of a global food crisis.

Birmingham Post

Pensana build begins as Business Secretary aims to ensure UK critical mineral supply for EV and wind markets

'Independent sovereign capability' sought as strategy launches alongside ground-breaking for Humber facility to supply materials to electric vehicle and offshore wind markets

Tribune News Service

Tesla’s Musk signals optimism on end to ‘supply chain hell’

Tesla Inc. has been going through “supply chain hell,” but Elon Musk believes the electric-car maker stands a chance of emerging from it in the second half of the year.

Tribune News Service

Oakland port shuttered for second day over trucker protest

A group of truckers continued to halt cargo traffic at the Port of Oakland on Wednesday deepening concerns over major supply chain disruptions at one of the country’s largest ports and a key hub for global commerce.

Bangkok Post

Growth forecast slashed for developing Asia as prices soar

MANILA: The Asian Development Bank on Thursday slashed its 2022 growth forecast for developing Asia and warned economic conditions could worsen, as the war in Ukraine and supply chain disruptions drive up prices.

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