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Europe

LUFTHANSA PLANE IN HANGAR.jpg

Germany Sells Full Stake in Lufthansa at $760 Million Profit

September 14, 2022
Bloomberg

Germany raised 760 million euros ($760 million) from the sale of the state’s full stake in Deutsche Lufthansa AG, unwinding all of the holding it took to keep the flagship carrier afloat during COVID-19 lock-downs.


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SOUTH AFRICA GOVERNMENT BUILDINGS PRETORIA iStock-demerzel21-177019302.jpg

U.K. Peer Urges Biden to Ban Bain & Co. from U.S. Government Contracts

September 14, 2022
SupplyChainBrain

In August Bain was barred from tendering for U.K. government contracts for three years over its “grave professional misconduct” in state corruption in South Africa.


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EUROPEAN UNION RUSSIA FLAG FRACTURE iStock-ffikretow-1253545390.jpg

Traton Sees $560 Million Hit on Russia Sales Units Disposal

September 13, 2022
Bloomberg

Traton SE is disposing of the sales and financing operations of its MAN and Scania truck-making businesses in Russia, expecting an additional charge of as much as 550 million euros ($560 million).


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EARNINGS GRAPH GOING DOWN iStock-Baris-Ozer-1062733970.jpg

Electrolux to Cut Costs After Warning on Weak 3Q Earnings

September 13, 2022
SupplyChainBrain

Swedish home-appliance manufacturer Electrolux is undertaking steep cost cuts that will target its supply chain and production following a warning of a sharp drop in demand.


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PORT OF FELIXSTOWE BLOOMBERG.jpg

Port of Felixstowe Dock Workers Plan New Strike in Threat to U.K. Trade

September 13, 2022
Bloomberg

Dock workers at Felixstowe, Britain’s largest container port, rejected a pay deal imposed by management, paving the way for a new round of industrial action and disruption to vital trade flows.


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E-Invoicing Exchange Summit Europe: Cashless Taxpayer and E-Invoicing - Digitalising Tax Compliance in Poland

September 9, 2022
Vereon AG

Within four years, Poland reduced its VAT gap by half (2015: 25%, 2019: 11%) due to several legislative and technology measures (digital transactional reporting, online cash registers, real-time early warning system for VAT fraud, incentives for cashless payment). 


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UK UNION JACK FLAG and CROWN

Strike Action Cancelled After the Queen's Death

September 9, 2022
SupplyChainBrain

Some of the U.K.'s biggest strikes have been called off after the death of Queen Elizabeth II, and the U.K. Rail Delivery Group said train timetables would be normal now that strikes were not going ahead.


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MERCEDES BENZ CAR BLOOMBERG 391130939.jpg

Mercedes, Rivian Partner on Electric Vans in Cost-Saving Bid

September 9, 2022
Bloomberg

Mercedes-Benz AG and Rivian Automotive Inc. are partnering to jointly build electric vans (EVs) in Europe, a potential win-win for an established manufacturer wanting to share costs, and an inexperienced company struggling to scale up.


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CARGO THEFT OPEN CONTAINER iStock-1001622464.jpg

Port Stoppages Are Targets for Cargo Thieves. Here’s How to Fight Back

September 7, 2022
Danny Ramon, SCB Contributor

When cargo is at rest, it’s also at risk. As disruptions such as strikes at major U.K. ports continue, shippers are scrambling to keep cargo moving so it’s harder to steal.


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FELIXSTOWE UK PORT CONTAINERS DOCK.jpg

Felixstowe Port Strike: Union Warns of Further Action

September 6, 2022
SupplyChainBrain

Dockworkers at the U.K.'s busiest container port say more industrial action could follow, as an eight-day strike ends with no agreement.


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Europe

The latest supply chain news, analysis, trends and best practices for companies operating in Europe. Learn how businesses are optimizing supply chain and logistics performance across Europe’s 50 sovereign states and four dependencies - addressing a range of challenges such as varying regulations, developing customs and tax laws and government controlled exchange rates.

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