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The Latest Breaking News from Supply chain

GlobalFoundries Applies for CHIPS Money to Expand U.S. Fabs

Update 9/30: Correcting the number of companies interested in receiving support from the CHIPS fund. GlobalFoundries has applied for financial support from the U.S. CHIPS and Science Act to expand its American manufacturing sites, the company said this week. The company intends to get federal grants and investment tax credits…

AnandTech

Offshore wind: a perfect storm of inflation and policy uncertainty risks derailing the UK's main hope for a low-carbon future

In what many have deemed a disaster, the UK government’s latest auction for renewable power – an annual attempt to incentivise private sector investment in a range of power sources – has failed to bring forward any new offshore wind projects. Consequently, the government’s own target of achieving 50 gigawatts…

The Conversation

3 Auto Stocks Investors Are Watching: Ford Motor (F), Polaris Industries (PII) and Niu Technologies (NIU)

The auto industry is well-positioned to rebound this year thanks to the easing supply chain and falling inflation. Additionally, the shift to cleaner modes of transportation is boosting the industry's long-term growth prospects. To that end, it could be wise to add fundamentally strong auto stocks Niu Technologies (NIU), Ford…

StockNews.com

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QuantumScape (QS) vs. Continental AG (CTTAY) - Auto Stock Buy or Sell?

The automotive sector is racing ahead with remarkable strides, embracing a profound digital transformation that paves the way for substantial future expansion. In this context, let's determine which of the two auto stocks, QuantumScape (QS) and Continental Aktiengesellschaft (CTTAY), holds the potential for better returns. Read on….

StockNews.com

G20 Framework Working Group meeting in Chhattisgarh discusses economic outlook, supply chain challenges

G20 Framework Working Group (FWG) meeting began in Raipur, India. Discussed global economic outlook and supply chain. 65 delegates from G20 and invitee countries, plus international and regional organisations. Presentations on global economic scenario & challenges to supply chain. Deliberations resulted in G20 Reports on food and energy insecurity and…

The Hindu

Union says UAW and automakers' talks are 'slow' as Biden aides prepare to visit

The United Auto Workers and automakers resumed negotiations this weekend. But UAW president Shawn Fain described progress as "slow."

WEKU

China says EU probe into Chinese electric vehicle exports, subsidies is protectionist

China's Commerce Ministry has protested a decision by the European Union to investigate exports of Chinese electric vehicles, saying it is a protectionist action aimed at distorting the supply chain

The Independent UK

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Apple launches new iPhone as push to diversify supply chain continues

Apple launched its latest iPhone on Tuesday during an event at its California headquarters, highlighting the device’s new features such as a USB charging port and a titanium lining. The company is diversifying its supply chain away from China by increasing the number of smartphones made in India. Also in…

France 24

The importance of spice origins

". . . when shopping, "it's essential to go beyond the label'"

Salon

Mandatory anti-slavery declarations risk becoming ‘box-ticking exercise’, say UK MPs

Exclusive: Criticism comes after it emerged ministers took assurances from one previously slavery-linked firm on trust

The Guardian - UK

Top "A" Rated Auto Stocks to Buy This Week

Easing inflation, strong demand, and the recovery in the supply chain are some of the factors boosting the prospects of the auto industry. Amid this backdrop, it could be wise to buy fundamentally strong auto stocks Rolls-Royce Holdings (RYCEY), Stellantis (STLA), and Honda Motor (HMC). Our proprietary rating system rates…

StockNews.com

NAFFCO Group to invest ₹700 crore, DP World ₹215 crore for setting up facilities in Telangana

Telangana continues to be an attractive investment destination for reputable firms, with two more companies announcing their plans to invest in the State. NAFFCO Group, a U.A.E.-based producer of firefighting equipment, and DP World, a leader in global supply chain solutions, have expressed willingness to invest a combined ₹915 crore…

The Hindu

UK solar could be ‘dumping ground’ for products of Chinese forced labour, ministers warned

Energy bill amendment requires large solar energy projects to prove supply chain free of slave labour

The Guardian - UK

New York’s Electric Zoo festivalgoers livid as first day cancelled hours before gates due to open

Festival organisers blamed supply chain issues for the cancellation

The Independent UK

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The Hindu

Punjab’s Nasha Roko Committees: the anti-drug lords

In 47 days since Parwinder Singh ‘Jhota’s arrest, a sit-in has been in progress at the Mansa district admin complex. Supported by thousands from Punjab’s Malwa region, farmer unions, and Nasha Roko Committees, they are protesting the drug problem and lack of faith in police/govt. Parwinder, a former drug user,…

Barchart

Will Apple’s Diversification Beyond China Boost Prices for its Products?

Last year, Apple (AAPL ) listed 188 companies worldwide that provided components and services to assemble its iPhones, MacBooks, and other devices. Of all those companies in Apple’s supply chain, about 80% of them are from China. However, as the COVID-19 pandemic emerged and U.S. and Chinese tensions escalated in...

Kiplinger

Advance Auto Parts Updates Guidance As Profits Fall

Price hikes could not offset product costs and supply chain deleverage, Advance Auto says.

Capital & Main

California Is On the Verge of a World-Changing Climate Bill — But It’s in Trouble

Emissions disclosure bill is testing the state’s climate resolve in the face of industry misinformation.

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The Hindu

IIT-Madras launches certificate course on operations and supply chain analytics

IIT Madras launches certificate programme on 'Operations & Supply Chain Analytics' to equip managers w/ analytical skills & data-driven decision-making. Last date to register is Sept 20. No eligibility criteria, but basic math & stats knowledge req'd. Apply at https://code.iitm.ac.in. #IITMadras #Operations #SupplyChain #Analytics #DecisionMaking

The Guardian - UK

‘Citizen scientists make a vital difference’: the locals who proved the River Wye was polluted

Volunteers testing the water, supported by university research, have forced admission about damaging intensive chicken farms

InsideEVs

China’s Grip On Tesla’s Battery Supply Chain Highlighted In New Report

Several Chinese companies supply essential battery components to Tesla, but the brand aims to lower its reliance on imports.

Kiplinger

The Aerospace Recovery Is Still Going Strong: Kiplinger Economic Forecasts

The aerospace industry is recovering as orders for Airbus and Boeing aircrafts boom, but supply chain issues have slowed production.

The Guardian - AU

Greens push Labor to release declassified climate crisis report ‘full of explosive truths’

Transparency would help MPs ‘weigh up predicted wars, water shortages and supply chain collapses against every new coal and gas approval’

Zenger

Apple To Shift IPhone 15 Production To India, Aiming To Decentralize Supply Chain

With plans to manufacture 15 million units in India this year, Apple aims to reduce production delay to less than 10 days.

Zenger

EnLink Midstream Publishes Sustainability Report, Exxon Explores Lithium Supply Chains, Global Lubricants Market Analysis

EnLink highlights emissions reduction, Exxon in talks with automakers for lithium supply, lubricants market overview

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