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Supply Chains in Crisis: Page 86

Deep Sea Mining Threatens $5.5bn Tuna Industry, Study Finds

The biomass of bigeye, skipjack and yellowfin tuna species will increase by an average of 21% by mid-century in the Clarion-Clipperton Zone, a region targeted for deep-sea mining.

Photo: Pau Barrena/AFP/Getty Images/Bloomberg

Trade Associations Worried About the Canadian Ports Strike

For every day that the strike goes on, supply chains will need an additional three to five days to recover, the Railway Association of Canada estimates.

Port of Vancouver, Vancouver, Canada. Photo: iStock.com/limpers

Attackers Torch Trucks on Another Key South African Trade Route

The attackers reportedly torched five vehicles July 10 on the N4 highway that links the commercial hub of Gauteng to the Port of Maputo in neighboring Mozambique.

South Africa. Photo: Hoberman Collection/Universal Images Group via Getty Images/Bloomberg

Many Human Rights Violations Reportedly Found in Critical Mineral Supply Chains

Between January 2021 and December 2022, 102 allegations of abuse were linked to Chinese companies’ overseas investments in the transition minerals sector

Photo: iStock.com/Sunshine Seeds

Dockworkers Strike Hits Canada’s Pacific Ports

Vancouver, Canada’s busiest container port, and Prince Rupert together handle about $270 billion in trade annually.

Vancouver, Canada. Photo: iStock.com/bloodua

JetBlue Joins United in Shifting Blame to FAA for Delays

Transportation Secretary Pete Buttigieg hit back at the airlines, particularly United, saying the carrier has suffered out-sized impacts while others have recovered.

Photo: Bloomberg

European Gasoline Shipments to U.S. Ease Just as Stockpiles Shrink

European gasoline and blending component cargoes to the U.S. are poised to drop to a three-month low in June, with volumes likely to be about 350,000 barrels a day.

Munich, Germany. March 2023. Photo: Miguel Villagran/Getty Images

U.K. Considers Nationalization of Thames Water as Crisis Escalates

Thames’ bonds tumbled on June 28, just one day after CEO Sarah Bentley suddenly stepped down from her position amid concerns over the firm's financial stability.

A Thames Water employee works at the site of a leak in London. Photo: Simon Dawson/Bloomberg

Wheat Climbs to Four-Month High as Traders Assess Russia Risks

Chicago wheat futures climbed to $7.56 a bushel in New York trading on June 26, putting prices on track for a 29% monthly gain, the biggest since 2015.

Bicske, Hungary. May 2023. Photo: Akos Stiller/Bloomberg

Biden Energy Subsidies Risk Distorting Critical Metals Market, UK Minister Warns

The Inflation Reduction Act has been a "huge challenge,” according to U.K. Business Minister Nusrat Ghani who said that the lure of the U.S. "distorts the market.”

Brazil. June 2023. Photo: Bloomberg

Austria Sees Need to Curb Russian Gas Reliance as Supply Risks Exposed

“It’s clear that we’re not far or fast enough down the path to eliminate Russian gas,” said Energy Minister Leonore Gewessler during a June 26 press briefing.

Leuna, Germany. January 2007. Photo: Katja Buchholz/Getty Images/Bloomberg

House Report Connects Temu and Shein to Import Violations, Forced Labor Practices

Temu and Shein utilized a special legal exemption to “avoid import duties and minimize the likelihood" that packages will be screened for UFLPA compliance the report said.

Photo: iStock.com/Andrii Koval

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Recycled Tagging Fasteners: Small Changes Make a Big Impact

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