$90 million will be used to improve a plant in Colorado Springs, Colorado, while the other $72 million will go towards expanding a factory located in Gresham, Oregon.

The first shipments from the LNG project will be delivered during the first quarter of 2024, said Russian Deputy Prime Minister Alexander Novak.

The American car company was able to deliver a record number of vehicles during Q4, helping the organization hit its 2023 target of 1.8 million automobiles.

The metal used in stainless steel and electric vehicle batteries posted an annual drop of 45% on the London Metal Exchange, the biggest decline since 2008.

2023’s peak season will have seen supply chain professionals both relying on tried-and-true peak season strategies and testing next-gen solutions.

North Carolina-based Qorvo said that it had signed an agreement to sell its circuit assembly operations in Beijing and Dezhou to the iPhone assembler Luxshare Precision Industry.

The British low-cost airline held a general meeting with shareholders December 19 in Luton, London to get approval for its largest aircraft order yet.

The current level of spare capacity indicates that the end of a global manufacturing recession “is still some way off,” said GEP’s vice president of consulting, Todd Bremer.

Retailers that embark on supply chain transformation are well-positioned to confront challenges and stay competitive in a rapidly changing marketplace.

The planemaker shipped 64 jets in November, it said December 5, bringing the tally to 623 for the first 11 months of 2023.