The Latest Breaking News from Supply chain

Global factory growth stunted by war, China's COVID curbs

Global growth in factory activity slowed in May as China's strict coronavirus curbs and Russia's invasion of Ukraine disrupted supply chains and dampened demand, adding to woes for businesses already struggling with surging raw material prices.

Reuters · Jun 1, 2022

Lorry driver conditions should be ‘improved or sector should face a new tax’

A cross-party group of MPs said it is “key” that lorry drivers have better roadside facilities to end a labour shortage in the haulage sector

The Independent UK · May 31, 2022

Analysts Slash Price Target On This Home Furnishing Retailer - Read Why

Telsey Advisory Group analyst lowered the price target on RH (NYSE:RH) to $400 (35% upside) from $510 and maintained an Outperform rating on the shares. The analyst said there was a broader deceleration in demand for home furnishings but has been more evident at low and mid-tier priced retailers.  The analyst believes RH has had…

Benzinga · May 31, 2022

PayPal Lays Off Employees As Growth Stagnates After Pandemic Recovery, Supply Chain Disruptions

PayPal Holdings, Inc (NASDAQ:PYPL) began laying off risk management and operations employees working in Chicago, Omaha, Nebraska, and Chandler, Arizona, this week, Bloomberg reports. PayPal ended 2021 with 30,900 employees, a 33% increase from pre-pandemic levels.  PayPal incurred $20 million in costs tied to its restructuring in the first three months of…

Benzinga · May 27, 2022

Toyota Cuts Production Plan For June Again

Toyota Motor Corp (NYSE:TM) has cut its June global production plan for the second time in a week due to the COVID-19 lockdown in Shanghai. The auto major cut production by 50,000 vehicles and now anticipates producing about 800,000 units in June. It has decided to suspend domestic factory line operations for the week…

Benzinga · May 27, 2022

Helium shortage disrupts celebrations – and even US weather service

Supply chain disruptions, including production plant closures and the 2017 embargo on Qatar, have caused shortage

The Guardian - US · May 27, 2022

Alvey Reels set to close Australian-owned company due to cost pressures

The owner of an Australian reel manufacturer says he will close his 102-year-old company rather than have his products made offshore after supply chain issues and "drastic cost increases" forced his hand.

ABC News · May 26, 2022

Ball Partners With Manna Capital - Read Why

Ball Corp (NYSE:BALL) is partnering with private investment firm Manna Capital Partners in which the latter will construct and operate an aluminum can sheet rolling mill and recycling center in Los Lunas, New Mexico. Ball will enter into a long-term supply agreement and intends to take a minority equity position in the mill.…

Benzinga · May 26, 2022

Canada's delayed ban of Huawei gear exposes lack of Indo-Pacific strategy

Canada's delayed decision to ban Huawei Technologies Co 5G equipment is putting pressure on Ottawa to deliver on a promised Indo-Pacific strategy, and to further diversify supply chains and reduce reliance on China for things like critical minerals, which is emerging as the battleground for clean technology.

Reuters · May 26, 2022

Supply chain dramas result in increased home-grown demand for Aussie-made toilet paper, tissues

An Australian mill is reaping the reward of supply chain disruptions, reporting a 10 per cent increase in demand.

ABC News · May 26, 2022