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The Latest Breaking News from Supply chain

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

No slowdown yet: US import deluge tests supply chain

Newark (United States) (AFP) - Throngs of 18-wheelers are the clearest sign of brisk activity at the Port Newark-Elizabeth marine terminals in northern New Jersey, defying talk of a US economic slowdown.

AFP

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Samsung Electronics says operating profits up 12.18 percent in Q2

Seoul (AFP) - 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.

AFP

Boeing sees progress on 787 but warns on supply chain

New York (AFP) - Boeing said Wednesday it is close to receiving regulatory approval to resume 787 jet deliveries, a move that could help reverse lackluster profits, but warned that its production ramp-up for the 737 MAX would be slowed by supply chain problems.

AFP

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

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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

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

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

Insider UK

Automakers See Some Relief From Chip Shortages

The supply chain bottlenecks impacting the semiconductor industry have started to ease.

The Street

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

The Independent UK

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.

ABC News

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

Daily Mirror

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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

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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.

AFP

ADB slashes Asia growth forecast as fuel, food prices rise

Manila (AFP) - 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.

AFP

Hit by China shutdown, Tesla boosts auto prices and sells bitcoin

New York (AFP) - Tesla reported solid quarterly earnings Wednesday despite a hit from Covid-19 lockdowns in Shanghai that Chief Executive Elon Musk said prompted the company to liquidate most of its bitcoin holdings.

Newsroom.co.nz

Golden chance for NZ exports as West 'friend-shores' its supply chain

The US is leading calls to trade first with countries it knows and trusts. NZ must grasp opportunities to be part of such international supply chain resilience initiatives.

The Hindu

IIT Madras sets up centre for smart manufacturing

The Indian Institute of Technology Madras has opened a smart manufacturing and digital transformation centre (SMDTC) that will focus on research and innovation for smart process intelligence, 5G enablement and smart supply chain solutions

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