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The Latest Breaking News from Supply chain

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.

Tribune News Service

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.

Bangkok Post

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.

Reuters

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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.

Fortune

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.

Reuters

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…

Asharq Al-Awsat

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…

StockNews.com

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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.

Tribune News Service

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…

Asharq Al-Awsat

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

Reuters

Trade head: How to tackle the world's 'poly-crisis'

Countries can protect their supply chains without turning to protectionism, WTO director-general says.

Newsroom.co.nz

We know sweatshop clothing is bad – and buy it anyway. Here's how your brain makes excuses

You face a dilemma. You’ve found the perfect shirt, and it’s an absolute bargain, but you notice it’s “Made in Bangladesh”. You’re conscious it was probably made using cheap labour. Do you buy it, or walk away?

The Conversation

Hackers are coming for our Thanksgiving turkeys and John Deere tractors. It's time to reevaluate America's food security

Cyberattacks on the food supply chain this year have led President Biden to sign an executive order protecting America’s food security. Here's why.

Fortune

Five economic trends we're grateful for

Abundant jobs, improving supply chains, and more reasons for gratitude this Thanksgiving.

Axios

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ABC News

Higher grocery prices forecast as industry alliance calls for Australian food security plan

Grocery prices in Australia could jump another 8 per cent by this time next year, according to an alliance of food producers and distributors.

Bangkok Post

Cabinet okays adjusted B5bn loan

The cabinet on Tuesday approved reworking the conditions of a 5-billion-baht soft loan programme to help small hotel operators and their supply chains including restaurants reopen.

Nottingham Post

Tesco follows Asda and Lidl with change after egg supply problems

The supermarket has stores throughout Nottinghamshire

StockNews.com

1 EV Stock You Don't Want to Ride With

Shares of Lordstown Motors (RIDE) have declined more than 59% year-to-date on concerns over supply chain issues and rising raw material costs. While the company has finally started production, it is crawling and is far behind its 500-vehicle target by the end of this year. Given the rising competition within…

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news in one place.

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Asharq Al-Awsat

Aramco Signs 59 New Agreements under the Iktva Program

Saudi Aramco signed on Tuesday 59 corporate procurement agreements (CPAs) with 51 local and global manufacturers, with potential to create 5,000 new jobs in Saudi Arabia over the next decade.

The Guardian - UK

UK retailer AO World reports bigger losses amid living costs crisis

Online electrical store is cutting costs but faces ‘tough environment’ and supply chain problems

The Independent UK

Tesco becomes latest supermarket to ration eggs over supply chain issues

Customers will only be able to buy a maximum of three boxes of eggs

Liverpool Echo

Tesco joins Asda and Lidl as supermarkets restrict egg sales

The supermarket said it had introduced a temporary buying limit

Insider UK

Calnex reports 38% revenue rise to £12.7 million

Global supply chain shortages have been largely mitigated so far this year

Evening Standard

Tesco latest supermarket to limit egg purchases amid supply disruption

Asda and Lidl announced limits on egg purchases at some of their stores earlier this month

StockNews.com

1 Tech Stock to Buy This Week for Under $50

Tech stock Cisco Systems (CSCO) is trading below $50. The company recently reported its fiscal first quarter results, beating consensus revenue and earnings estimates despite macroeconomic and supply chain issues. The company also upped its guidance for fiscal 2023. Thus, it could be wise to buy the stock now. Read…

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