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The Latest Breaking News from Supply chain

Company insolvencies hit 13-year high in England and Wales

ONS says soaring energy costs and supply chain problems forced 5,629 firms to go bust in second quarter

The Guardian - UK

Taiwan economy minister to address 'concerns' during US visit

Taiwan Economy Minister Wang Mei-hua will visit the United States next week to respond to what her office called "concerns" about supply chains and geopolitical issues and will also visit U.S. tech firms that are major customers of Taiwanese semiconductor companies.

Reuters

North East automotive supply chain woes as chip shortages and Covid fallout continues to bite

Several of the region's biggest car component manufacturers have reported downbeat results in recent days

Birmingham Post

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RWE and Marine Power Systems partner for Celtic Sea offshore wind opportunities

RWE is currently preparing to bid for the Crown Estate Celtic Sea seabed leasing round in 2023

Birmingham Post

4 EV Stocks You Don't Want to Hitch a Ride Within 2022

Despite growing EV demand and supportive government policies, the industry has been struggling with numerous challenges, including supply chain issues, chip shortages, material inflation, and inadequate charging infrastructure. So, considering the headwinds, we think it could be wise to avoid fundamentally weak EV stocks Lucid (LCID), Nikola (NKLA), Faraday Future…

StockNews.com

Ford F-150 Lightning Pro Sees New Price Hike, Now Starts At $53,769

Ford blames "ongoing supply chain constraints and rising material costs" for the price hike, says only the Pro trim is seeing an additional increase for now.

InsideEVs

Ford Increases Lightning Base Price For Second Time In Two Months

The company is citing ongoing supply chain issues for the price rise.

Motor1

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Greggs put up price of sausage rolls due to inflation - and fans are not happy

Sausage rolls are now costing £1.15 in most Greggs stores, prompting customers to comment on the price change on social media

Chronicle Live

Big Brazilian gold refiner delisted amid Amazon mining probe

One of Brazil’s biggest gold refiners, which processes gold suspected of being mined illegally in the Amazon rainforest, has been stripped of an important industry seal of approval that global manufacturers from Apple to Tesla rely on to root out abuses in their supply chains

The Independent UK

Paris Perspective #34 - Turning supply chains green in a time of crisis - Reuben Fisher

This edition of Paris Perspective looks at what France needs to do to achieve its carbon-neutral goals by 2050. Is it possible to decarbonise the country's supply chains from A to Z, while facing ever more challenging economic and logistic hurdles?

Radio France Internationale

Greggs hikes price on iconic sausage rolls due to supply chain troubles

Bakery chain Greggs has put up prices on its flagship sausage rolls by 5p, with the item now costing £1.15, and fans have taken to social media to tell of their disappointment

Daily Mirror

2 Green Energy Stocks That Have Lost Their Value in 2022

The green energy industry is expected to grow significantly in the coming years, thanks to sustained demand for renewable energy amid rising climate concerns worldwide, technological advancements, and increasing government and corporate investments. However, input price inflation, supply chain disruptions, and broader market jitters have adversely impacted many fundamentally weak…

StockNews.com

Pensana paves the way for supply deal for 25 per cent of rare earths refined at Saltend

Markets informed of progress in magnet metal supply chain

Birmingham Post

News briefs

Ian aftermath even harder to fix with supply chain tattered

Tribune News Service

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The Independent UK

Supply chain issues could slow fix of Florida electric grid

Crews are starting to fix Florida's electric grid by repairing and rebuilding where lines were damaged or flooded by Hurricane Ian

Tribune News Service

Ian aftermath even harder to fix with supply chain tattered

The difficult job of rebuilding communities pummeled by Hurricane Ian is expected to be made even worse by a problem that’s lingered since the early days of the pandemic: snarled supply chains.

Insider UK

Muir Group reports pre-tax losses

Property developer blames rising price of raw materials, supply chain delays and a lack of skilled labour

Asharq Al-Awsat

Apple Senior Exec Leaves iPhone Maker After Remark in Viral Video

Apple Inc's (AAPL.O) Tony Blevins, a key player in the company's supply chain operations, is leaving the iPhone maker, the company confirmed on Thursday, without providing a reason. The move comes after a TikTok video of the executive making a crude remark about women went viral.

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The Conversation

Africa risks losing out on trade as rich countries cement relationships with trusted partners

Over the past few years, the world’s supply chains have been strained and disrupted by the COVID pandemic, Russia’s invasion of Ukraine, and rising geopolitical tensions. These started with the US-China trade war and then intensified following the war in Ukraine.

The Conversation

Butter, garage doors and SUVs: Why shortages remain common 2½ years into the pandemic

Shortages of basic goods still plague the U.S. economy – 2½ years after the pandemic’s onset turned global supply chains upside down.

Evening Standard

Shepherd Neame back in black but warns London pubs are falling behind

The firm warned the price of a pint was likely to increase further amid a continued rise in supply chain costs

Tribune News Service

Barton Goldsmith: Money and your emotional well-being

Money can be a triggering topic for many of us. These days, it’s hard to escape the impact of supply chain issues, inflation and talk of recession. It is hard to make sense of it all, but you can take some practical steps to save or make a little extra…

Insider UK

Profits down at Scotmid as trading hit by cost-of-living crisis

Retail group blames supply chain issues, legacy covid costs, low consumer confidence and cost inflation for profit and turnover drops

Insider UK

Principal contractor appointed to £750 million civil engineering framework

Balfour Beatty is expected to engage many smaller companies in the supply chain during the duration of the contract

Los Angeles Times

A second Prime sale shows Amazon is nervous about the economy too

Holiday bargain shopping is starting extra early this year. And that could be good news for shoppers, even if it signals slightly worrisome things for the economy.

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