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Global Trade & Economics: Page 228
Weathering the Storm Through Supply Chain Partnerships
It takes solid partnerships to weather crises — or, for that matter, the day-to-day business of supply chain management. In this latest edition of our annual roster of 100 Great Supply Chain Partners, we present instances of true collaboration in the face of enormous challenges.
Drought Devastates U.S. Cotton Harvest
Harsh weather patterns soon may be reaching into apparel supply chains. Southwestern cotton growers are abandoning millions of parched acres that they planted in the spring, reports The Wall Street Journal, sending prices sharply higher on forecasts for the weakest U.S. harvest in more than a decade.
CHIPS and Science Act Will Strengthen Supply Chains and Counter China, Biden Claims
President Biden signed into law Aug. 9 the bipartisan CHIPS and Science Act of 2022, as part of an industrial strategy to revitalize domestic manufacturing, create good-paying American jobs, strengthen American supply chains, and accelerate the industries of the future.
China Restarts Military Drills in Response to Latest U.S. Lawmakers’ Visit to Taiwan
China is resuming its military drills in the region following the surprise arrival of a new delegation of U.S. lawmakers, apparently aimed at demonstrating Beijing’s ability to mount a blockade of Taiwan.
Logistics Giant DSV Targets U.S. in Renewed Acquisition Drive
DSV CEO Jens Bjørn Andersen tells the WSJ that he’s looking to expand his reach in the U.S. as he revives a strategy that has helped build the Danish operator into the world’s third-largest freight forwarder.
Why Private Equity Investors Are Targeting the Chaotic Supply Chain Sector
With all the chaos that’s roiling logistics and supply chain service providers these days, it might come as a surprise to learn that deep-pocketed private investors are keen on the sector.
U.S. Supplier Inflation Logs Slowest Pace Since Last Fall
A key measure of wholesale costs shows U.S. suppliers raised prices in July at the slowest annual pace since last fall, adding to signs that the rapid growth in production expenses that has helped fuel consumer inflation is easing.
Daimler Truck Shrugs Off Supply Chain Issues With Rising Sales
Daimler Truck Holding AG said demand for commercial vehicles will continue to outweigh supply in the second half of the year after the German manufacturer reported better-than-expected quarterly earnings.
Truck-Driver Pay Rose 11% Amid Strong Freight Demand Last Year
A new survey shows wages for truck drivers rose at a double-digit pace last year, as companies raced to recruit workers in a market marked by tight labor conditions and high freight demand.
Gas Prices in the U.S. Fall Below $4 a Gallon
Gas prices in the United States fell below $4 a gallon on Thursday, retreating to their lowest level since March.
Apple Asks Suppliers in Taiwan to Label Products as Made in China
Apple has reportedly asked Taiwan-based suppliers to label their products as being produced in China, in an effort to avoid disruption from strict Chinese customs inspections resulting from the visit of the U.S. House speaker, Nancy Pelosi, to Taipei.
Container Lines Are Set to Smash Year-Old Profit Record by 73%
The world’s biggest container lines are on course to post profits in 2022 that will top last year’s record by 73%, according to a new forecast, buoyed by logistics and labor strains that are squeezing capacity amid sustained U.S. demand for imports.
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