Ford Motor Co. will shut its car factories in India and record roughly $2 billion in restructuring charges, scaling back significantly in a country that past management saw becoming one of its three biggest markets.
Somewhere in the world’s busiest port of Shanghai, a container of fertilizer sits among tens of thousands of boxes, waiting for a ride to the U.S. It’s been on the dock for months, trapped by typhoons and Covid outbreaks that have worsened major congestion in the global supply-chain network.
A supply chain crunch that was meant to be temporary now looks like it will last well into next year as the surging delta variant upends factory production in Asia and disrupts shipping, posing more shocks to the world economy.
The first big test of Biden’s lofty clean-power ambitions may not be congressional approval of sweeping climate legislation, but managing a solar supply chain that’s being shaken by the seizure of imported Chinese panels.
The latest supply chain news, analysis, trends and best practices for companies operating in China. Learn how businesses are optimizing supply chain and logistics performance across China’s 22 provinces, five autonomous regions and four direct-controlled municipalities (Beijing, Tianjin, Shanghai and Chongqing) - addressing a range of challenges such as rising labor costs, poor infrastructure, complex customs and trade laws, unstable political climates and government controlled exchange rates.
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