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Supply Chains in Crisis: Page 79

Wild Coffee Market Pushes Trader Mercon Into Bankruptcy
CEO Oscar Sevilla said in a December 6 letter to clients seen by Bloomberg News that “the macroeconomic factors working against Mercon have persisted for longer than expected."
Photo: Marlene Awaad/Bloomberg
Arrest Made in London Following Sale of Unapproved Engine Parts
The arrest and seizure of materials took place during a raid in London, the U.K. Serious Fraud Offices said December 6.
Photo: iStock.com/kabantsev
Israeli Ships Reroute to Avoid Houthi Attacks
Ships have begun diverting from passage through the Suez Canal, instead sailing around the Cape of Good Hope, clocking up 7,000 extra nautical miles.
Haifa, Israel. Photo: iStock.com/Kateryna Mashkevych
Panama Chaos Grows as U.S. Diesel Shippers Bypass Canal
In the past, such delays tended to be related to maintenance work, and, as such, were mostly short-lived, but there is little relief in sight in the months ahead.
Photo: iStock.com/Federico Barbieri
U.S. Sales of Toys and Games Down Through 2023
Toy and game imports have fallen sharply in 2023 while sales at toy stores, department stores and other gift outlets were down in October.
Photo: iStock.com/SViktoria
The Panama Canal Is So Backed Up Ships Are Rerouting Through the Suez
It’s unlikely that the Panama canal will be able to increase traffic until the rainy season starts in mid-2024, according to experts.
Suez Canal. Photo: iStock.com/IgorSPb
Attackers Who Held Israel-Linked Tanker Seized by U.S. Navy
The Houthis have promised to target Israel over its war against Hamas in the Gaza Strip, declaring themselves part of an "axis of resistance" of Iran-affiliated groups.
A U.S. warship. Photo: iStock.com/3DSculptor
Tanker With Ties to Israeli Billionaire Ofer Boarded Off Yemen
The incident is the latest in a string of attacks since Iranian-backed Houthi rebels in Yemen issued a threat to target ships until Israel’s military operation against Hamas ends.
Image: iStock.com/PeterHermesFurian
Climate Activists Call for Cleaner EV Supply Chains During LA Auto Show
Demonstrators from Mighty Earth and Youth Climate Strike LA dressed in red “Squid Game” suits and staged a “die-in” at the LA Auto Show November 18.
Photo: Hyundai
CargoNet Warns of Extremely High Theft Activity During Thanksgiving
Between October 1, 2023 and November 11, 2023, the average number of recorded theft reports increased to 66 reports per week.
Photo: iStock.com/shironosov
MPs Warn “Gigafactory Gap” Could Hurt U.K.’s EV Sector
Business committee members said that the U.K. has a “limited window in the next three years to attract further investment into this sector.”
Photo: iStock.com/PhonlamaiPhoto
Israeli Vessel’s Capture Reignites Fears Over Mideast Shipping
While the impact of the Israel-Hamas war has been contained so far, markets have been wary that the fighting will draw in other nations in the region, particularly Iran.
Photo: iStock.com/Yuliia Bukovska
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