U.S. goods and services imports increased by 3.3% month-to-month, with the country bringing in more pharmaceuticals, smartphones, cars and equipment for data centers.
The spate of incidents is a reminder of the continued risks to ships crossing through Hormuz, even with military forces protecting vessels crossing by a route near Oman’s coastline.
Supply chain risks tied to microelectronics processors, firmware, packaging and component provenance increasingly affect overall security and operations in the enterprise.
The U.S. had issued what was supposed to be a 60-day authorization in late June, as part of a tenuous peace agreement with Iran to reopen the Strait of Hormuz.
The report suggests that Chinese companies are looking to spread risk across more suppliers and markets, while using technology to help manage that added complexity.
Toyota will add a second vehicle assembly line to the San Antonio manufacturing campus, while doubling its size to more than 5 million square feet by 2030.
Industry groups have cautioned that even though a ceasefire between the U.S. and Iran remains in place, the presence of mines is a major risk for ships.