The DOE is looking to strengthen the U.S.’s battery supply chain because the estimated demand for lithium is expected to increase tenfold by 2030.

Corporate investment in inventory management tools and other supply chain solutions could be limited in 2024 by high financing costs and lower profits.

Fu Cong’s comments mark one of the strongest rebuttals yet by Beijing against the EU’s proactive approach to protecting its emerging green energy sector.

With near-term consumer demand uncertain, and high interest rates likely to continue for some time, corporate belts are tightening. So what are companies spending money on today?

The addition of new channels opens a world of new opportunities for manufacturers, while also exposing them to potential barriers to growth. 

The decision to file for bankruptcy comes just two months after the organization’s battery supplier, Proterra Inc., also filed for bankruptcy.

Lawyers for the two companies said that they’ve agreed in principle to a settlement that will end a lawsuit Rite Aid filed against McKesson over their supply agreement.

Lowering energy costs was cited as the most important reason for companies when it came to investing in IT for sustainability.

The funding will go towards improving the movement of goods along navigable U.S. waterways and expanding existing services in Alaska, Illinois, Indiana, Louisiana, Texas, Washington and Wisconsin.

OOCL Logistics customers will be able to apply for financing through the PODIUM platform, meaning suppliers can now receive funding less than 72 hours after shipping out a product.