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.
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.
The 55-year-old Swede was named chief executive officer of the Traton trucking unit after a management shakeup last year. He’s to steer a turnaround of the business after Europe’s biggest carmaker struggled for years to improve cooperation between its different commercial-vehicle brands.
Citi, the U.S. bank with the biggest presence in Russia, has been trying unsuccessfully to find a buyer for its business. A spokesperson told BBC News that, while its local consumer business would close, Citi would continue to support multinational institutional clients in the country.
The U.K. imported no fuel from Russia in June for the first time on record, with fuel imports falling by £499 million — or 100% — compared with the average for the previous 12 months to February.
Strikes at the U.K.’s largest container ship port could extend beyond the eight days currently planned by unions, threatening more disruption to the country’s supply chains.
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.
Subscribe to our Daily Newsletter!
Timely, incisive articles delivered directly to your inbox.