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The Latest Breaking News from Supply chain

MULN: Things Don't Look Pretty Under the Hood for This Stock

Automobile manufacturer Mullen (MULN) generates zero sales and has incurred massive losses since the inspection. The stock is currently trading nearly 95% below its 52-week high. Moreover, MULN is expected to face lingering issues, including increasing competition, strict government regulations, supply chain constraints, and high inflation. So, the company might…

StockNews.com

Cash flow is 'biggest concern' for Scottish businesses

Survey also shows 59% of business leaders say current market conditions mean they won’t meet sustainability targets

Insider UK

BOI hands Investment Promotion Certificate to BYD

Mr. Narucha Ruchuphan, Senior Executive Investment Advisor, Thailand Board of Investment (BOI), handed to Mr. Prawit Vijittanakul, Commercial Manager of BYD Auto (Thailand) Co., Ltd., as the company’s representative, the Investment Promotion Certificate for BYD’s 17.9 billion baht (ca. US$490 million) investment in a ‘new energy’ passenger vehicle plant in…

Bangkok Post

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Australia Post says order presents now for delivery by Christmas

Postal service chief says recruitment has started for extra 5,000 to 7,000 workers needed in holiday peak but supply chain woes continue

The Guardian - AU

Livingston civil engineering business files for administration

45 staff have been made redundant as a result of contract losses and rising supply chain costs

Insider UK

Footballer who worked for drug gang screams 'I can't believe it' as she's jailed

Police infiltrated communication platform EncroChat, a tool often used by criminals, and found Faye Dunn, 38, played an operational role within the drugs supply chain

Daily Mirror

3 EV Charging Stocks That Can't Catch a Break in 2022

Despite solid demand and government support, the electric vehicle (EV) industry is grappling with supply chain disruptions and semiconductor chip shortages. The lack of enough charging infrastructure and inoperable charging stations have also been a significant challenge for companies in this space. Given this backdrop, fundamentally-weak EV stocks Rivian Automotive…

StockNews.com

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Bed Bath & Beyond will close 150 stores and slash 20% of its workforce to cut costs

The home goods giant struggled to overhaul its supply chain and convince customers to buy its new, private label merchandise that replaced popular national brands.

WEKU

Analysts Highlight Supply Chain Constraints Hurting Ciena's Q3 Results; See Recovery In FY23

Benzinga

Five problems that could slow supplies of food, computers, cars and other goods this winter

The pandemic highlighted how interconnected the world is right now. Multiple bottlenecks have disrupted global supply chains – the networks of people, companies and modes of transport that order and manufacture goods and deliver them to warehouses, shops or even right to our doors.

The Conversation

Supply chain issues causing helmet shortage for high school football teams

Many high school football teams across the country face a helmet shortage due to supply chain issues.

USA Today Sports Media Group

Supply chain delays could slow restoring power if Florida gets hit by hurricane

As hurricane season hits its peak, Florida’s top emergency manager is warning of the potential for major electrical problems after a storm hits.

Miami Herald

2 Retail Stocks Investors Should Sell Before It Is Too Late

The persistently high inflation is hampering consumer confidence, leading to declining retail sales volume. Moreover, the continuing supply chain issues are proving to be a major headwind for the retail industry. Hence, it might be best to sell retail stocks Allbirds (BIRD) and Gap (GPS), considering their weak bottom lines.…

StockNews.com

How to buy Tesla shares (TSLA)

Tesla Inc (TSLA) - Quarterly Update: 20 July 2023

Evening Standard

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Chronicle Live

John Lewis to give free meals to staff as it seeks 10,000 Christmas employees

The group is looking to hire 4,000 new seasonal workers for Waitrose, 2,000 temporary store workers for John Lewis department outlets, and 4,000 employees for its supply chain over the festive period.

The Conversation

Making EVs without China's supply chain is hard, but not impossible – 3 supply chain experts outline a strategy

Two electrifying moves in recent weeks have the potential to ignite electric vehicle demand in the United States. First, Congress passed the Inflation Reduction Act, expanding federal tax rebates for EV purchases. Then California approved rules to ban the sale of new gasoline-powered cars by 2035.

Newcastle Herald

This That music festival cancelled for 2022

NEWCASTLE'S biggest annual music festival, This That, has cancelled its 2022 edition due to economic factors. After two years of COVID-caused cancellations, This That had planned to return to Wickham Park in its preferred springtime slot on November 5. However, on Tuesday festival organisers released a statement announcing the cancellation…

Daily Mirror

Russians warned 'run away if you want to survive war' as Ukraine launches major offensive

Ukraine has launched an offensive against Russian-held territory near the southern city of Kherson, which is believed to have disrupted the supply chain of Vladimir Putin's invading forces

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Daily Mirror

Ukrainian forces launch counter-offensive after wreaking havoc on Russia’s supply chain

Moscow’s troops are facing ground attacks while their ammunition supplies have been battered in recent weeks by guerilla and artillery strikes. At least 10 key ammo dumps have been destroyed in seven days

The Japan News/Yomiuri

Companies feel burn of prolonged suspensions of operation in Russia

Six months after Russia's invasion of Ukraine, the adverse effects on Japanese companies operating in Russia are growing. Their production, shipment and sales have been suspended due to supply chain interruptions in Russia, and most of the firms have no prospect of resuming operations.

The Hindu

Violence fomented by drug abuse on the rise in Kochi

Two recent murders in city linked to drugs; police plan to go up supply chain layers to trace the source

The Hindu

Maruti, India's top carmaker, open to partnerships to secure supply chain

Maruti chairman R.C. Bhargava said the company is yet to identify specific areas for an alliance in setting up and securing its future supply chain

ABC News

Bega Cheese profits slide but revenue grows to $3 billion as company announces full-year results

Bega Cheese shares have soared by 12 per cent after the company revealed a "milestone" revenue jump and a positive outlook for the coming year, despite a 69 per cent drop in statutory profits.

AAP

Woolworths hopes for return to normalcy

Woolworths says supply chain disruptions, shortages, absenteeism and flooding led to financial performance that was below the supermarket giant's aspirations.

RideApart

A Major Heatwave In China Is The Next Global Supply Chain Disruptor

A heatwave that's lasted for over two months as of late August, 2022, has been making things more difficult for local people, as well as multiple industries.

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