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The Latest Breaking News from Supply chain

30 jobs lost as East Midlands construction firm goes bust

Collapse blamed on 'extremely difficult trading conditions', supply chain issues caused by Covid and cash-flow challenges

Birmingham Post

Polaris Announces 21-Percent Sales Surge In Q4 2022

Polaris releases its Q4 2022 sales report, indicating that the company enjoyed a 21-percent sales surge thanks to easing supply chain issues.

RideApart

Tech giants Apple, Amazon and Alphabet post disappointing results

Facebook parent company Meta bucks trend with better earnings than expected, as Apple sees first profit miss in seven years

The Guardian - US

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3 Auto Stocks That Are Better Buys Than Mullen

As inflation shows signs of easing, supply chain issues subside, and consumers transition to EVs, the automotive industry is expected to witness a rise in demand. Therefore, it could be wise for investors to buy fundamentally strong auto stocks Volkswagen (VWAGY), Honda Motor (HMC), and Mazda Motor (MZDAY) over fundamentally…

StockNews.com

How 'modern-day slavery' in the Congo powers the rechargeable battery economy

Phone and electric car batteries are made with cobalt mined in the Democratic Republic of Congo. Cobalt Red author Siddharth Kara describes the conditions for workers as a "horror show."

WEKU

Biden's electric-car push is already working

The White House's plan to jump-start a domestic supply chain for electric vehicles is on track to shatter expectations.

Axios

'Urgent action needed' to help firms accelerate low carbon energy shift

Industry body calls on government to provide a stable regulatory and fiscal framework

Insider UK

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Chip giant ASML will have to help the U.S. stymie Chinese production

Details remain unclear, and CEO Peter Wennink has warned that a broad ban could hammer supply chains.

Fortune

GM reports nearly $10 billion in profit in 2022 despite headwinds

General Motors Co. booked $9.9 billion in net income last year, down from 2021's $10 billion despite chronic supply chain woes, rising interest rates and a slowing economy.

Tribune News Service

These 4 Semiconductor Stocks Are Hot Buys Right Now

Despite the supply chain issues spurred by U.S.-China tensions, the semiconductor industry’s growth prospects appear bullish due to increased demand and usage across various sectors and growing federal and corporate spending. Hence, fundamentally sound semiconductor stocks Taiwan Semiconductor (TSM), Broadcom (AVGO), Photronics (PLAB), and Xperi (XPER) could be solid buys…

StockNews.com

Scottish drinks business searches for senior industry talent

Whisky brand owner seeks a new vice president of sales, operations director, head of supply chain and head of finance

Insider UK

China owns vast network of UK real estate, offshore records reveal

Presence of key distribution centres on list of more than 250 properties raises questions about grip on supply chain links

The Guardian - UK

The Black-owned $15 billion tech company, World Wide Technology, is still hiring workers as sector sheds job

World Wide Technology is bucking tech's layoff trend and snapping up talent for its supply chain arm.

Fortune

Broad focus planned for revamped COVID panel under GOP majority

The new chair of the House Select Subcommittee on the Coronavirus Pandemic is planning a wide focus on future pandemic preparedness and the impacts of the pandemic on the economy, education and the national supply chain.

Tribune News Service

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Tribune News Service

As Boeing posts more red ink, CEO cites progress, swipes at FAA

Still struggling with a wobbly supply chain and production slowdowns, Boeing lost $663 million, or $1.06 per share, in the fourth quarter despite Wall Street analysts’ expectation of a profit.

Daily Mirror

Food and drink thefts in global supply chain could threaten higher food prices in 2023

Thefts from facilities now account for a quarter of all thefts from the supply chain - overtaking hijacking thefts, according to a new report

Wales Online

Food and drink now items most likely to be stolen in cost of living crisis

The theft of fuel is also on the rise, according to a new report

The Conversation

Food shortages: five ways to fix 'unfair' supply chains

UK food prices soared by more than 16% in 2022 as record inflation pushed up the prices of everything from bread to beans.

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StockNews.com

The 3 Best Car Stocks to Buy for Potential Profits in 2023

The automotive industry is expected to witness a rise in demand due to cooling inflation and easing supply chain disruptions. Moreover, with the growing popularity of electric vehicles, the automobile industry is expected to perform well. Therefore, it could be wise for investors to buy fundamentally strong car stocks General…

The Conversation

Young port workers in the maritime city of Makassar lack digital skills. Vocational schools can be the solution

The city of Makassar in South Sulawesi, Indonesia has seen fast economic growth in the past few years. In 2019, the province’s growth reached 6.9% – higher than the 5% national rate – with rapid infrastructure development, particularly in the maritime industry.

The Times of India

Odisha hockey league may come up before the return of Hockey India League

ROURKELA: Hockey India and International Hockey Federation (FIH) have lately often had Hockey India League (HIL) on the discussion table. The HIL, which is considered the reason behind the quality of India's supply chain and resultant success at the 2016 Junior Men's World Cup and the Tokyo Olympics, has been…

Texas Observer

Mexico’s Testosterone Shortage Puts Trans Men at Risk

Lingering supply chain issues from the coronavirus pandemic have disrupted drug supplies around the world.

StockNews.com

4 EV Stocks That Belong in the Junkyard

Supply chain disruptions, mounting economic concerns, and high vehicle prices are all contributing to declining optimism about EV adoption. Hence, it could be wise to avoid fundamentally weak EV stocks NIO Inc. (NIO), Lucid Group (LCID), Nikola (NKLA), and Mullen Automotive (MULN). Read on….

Newsroom.co.nz

Don't expect cheap freight anytime soon

Global supply chains will normalise in 2023 as industry stops playing catch up.

Birmingham Post

Global software company Ideagen acquires food supply chain specialist Qadex

New division Ideagen Qadex will work in food safety, supply chain tracking & approval, quality management and compliance

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