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Supply Chains in Crisis: Page 84

OPEC+ Reaffirms Strategy as Saudis Extend Unilateral Oil Cut
A monitoring committee composed of the kingdom and other key OPEC+ nations recommended no changes to the coalition’s supply policy during an August 4 online meeting.
Photo: Bloomberg
An Urgent Call to Revive the U.S. Pharmaceuticals Supply Chain
Congress is finally acting to address the severe shortage of critical pharmaceutical drugs, a crisis long in the making that was laid bare by the COVID-19 pandemic.
Photo: iStock / SweetBunFactory
Saudi Arabia Extends 1M-Barrel Oil Cut, Says It Can Be Deepened
The leader of the Organization of Petroleum Exporting Countries (OPEC) will continue the cutback of 1 million barrels a day into September.
Photo: iStock.com/Guven Polat
Extreme Weather Could Hurt the Globe's Sugar Supply
Since June 2023, sugar prices have risen by 42% year-on-year with more increases expected during the second half of the year due to ongoing shortages.
Photo: iStock.com/Andrii Shablovskyi
Sunak Defends U.K.'s Decision to Grant 100 North Sea Oil and Gas Licenses
Sunak said the decision to grant the licenses was the right thing to do, arguing that the choice aligns with the country’s net-zero emissions goals.
Photo: iStock.com/tifonimages
Supply Chain Attacks: One of The Biggest Cybersecurity Threats of 2023
Supply chain attacks are extensive, meticulously planned, and take advantage of the trust between business associates and third-party software providers.
Photo: iStock.com/cemagraphics
Port Operators Agree to Tentative Labor Deal with Canadian Dockworkers
The two sides were able to reach a new deal with the help of the Canada Industrial Relations Board.
Port of Vancouver, Vancouver, Canada. Photo: iStock.com/limpers
East Palestine Train Derailment Has Cost Norfolk Southern Almost $1B
The organization said that it took a $416 million charge against its Q2 2023 earnings to cover the estimated ongoing clean-up costs of the derailment site.
Lithia, Virginia. December 2021. Photo: iStock.com/Wirestock
Three in Four Transportation Workers Would Support a Strike of UPS
Almost two-thirds of responders (65%) said they are worried about the potential impact a UPS strike would have on the economy.
Photo: iStock.com/SandraMatic
Pilgrim’s Pride Signals Worst is Over for Chicken Suppliers
“More restrained” supplies, further easing of restrictions on U.S. exports, and potentially lower grain costs are all expected to contribute to an improved outlook.
Briones, California. February 2023. Photo: David Paul Morris/Bloomberg
Putin Promises Six African Countries Free Grain
Putin said Russia would be able to provide Burkina Faso, Zimbabwe, Mali, Somalia, the Central African Republic and Eritrea with 25,000 to 50,000 tons of free grain.
Photo: iStock.com/Michele Ursi
Pentagon Seeks Supply of Chip-Mineral Gallium After China Curbs Exports
China announced restrictions on gallium and another mineral, germanium, in a move seen as part of the country’s tit-for-tat trade war on technology with the U.S. and Europe.
Gallium stones. Photo: iStock.com/Wirestock
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