U.S. and European businesses are reconsidering their investments in China after the lockdown in Shanghai and restrictions in other cities caused major disruption to their operations.
America’s restaurants are in the same boat as the rest of the country, battling the soaring food and fuel costs that recently helped send U.S. inflation to a 40-year high.
Abbott Laboratories reached a pact with U.S. authorities that would allow it to begin making baby formula again at a troubled plant in Michigan, a move that could help ease a supply shortfall that has rattled many parents.
While all parties have expressed confidence that an agreement will be reached between dockworkers and employers without disruption, they conceded there will be “difficult” issues. Among these are certain to be the wrangle over automation.
The U.S. and European Union plan to keep addressing supply chain and other disruptions as they project a unified front against Russia when high-level officials meet starting Sunday to discuss cooperation on trade and technology issues in Paris.
The White House raced Thursday to show it’s trying to ease a national baby formula shortage, as Republicans showered criticism on President Biden for a crisis that has left frantic parents scouring store shelves to feed their children.
China’s stringent Covid Zero strategy has damaged foreign businesses’ confidence, with U.S. firms in the country slashing investments and lowering revenue projections as lockdowns hit operations and supply chains.
Leaders of the Group of Seven most industrialized countries pledged to ban the import of Russian oil in response to President Vladimir Putin’s war in Ukraine.
Labor negotiations at 29 West Coast ports are set to start this week with both sides saying they want to avoid further upheaval in supply chains that haven’t fully recovered.
The latest supply chain news, analysis, trends and best practices for companies operating in the United States, Canada and Mexico. Learn how businesses are optimizing supply chain and logistics performance across North America - addressing a range of challenges such as varying regulations, labeling and packaging requirements, customs and tax laws and government controlled exchange rates.
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