The Latest Breaking News from Supply chain

PayPal Holdings, Inc (NASDAQ:PYPL) began laying off risk management and operations employees working in Chicago, Omaha, Nebraska, and Chandler, Arizona, this week, Bloomberg reports. PayPal ended 2021 with 30,900 employees, a 33% increase from pre-pandemic levels.  PayPal incurred $20 million in costs tied to its restructuring in the first three months of…

Toyota Motor Corp (NYSE:TM) has cut its June global production plan for the second time in a week due to the COVID-19 lockdown in Shanghai. The auto major cut production by 50,000 vehicles and now anticipates producing about 800,000 units in June. It has decided to suspend domestic factory line operations for the week…

Supply chain disruptions, including production plant closures and the 2017 embargo on Qatar, have caused shortage

The owner of an Australian reel manufacturer says he will close his 102-year-old company rather than have his products made offshore after supply chain issues and "drastic cost increases" forced his hand.

Ball Corp (NYSE:BALL) is partnering with private investment firm Manna Capital Partners in which the latter will construct and operate an aluminum can sheet rolling mill and recycling center in Los Lunas, New Mexico. Ball will enter into a long-term supply agreement and intends to take a minority equity position in the mill.…

Canada's delayed decision to ban Huawei Technologies Co 5G equipment is putting pressure on Ottawa to deliver on a promised Indo-Pacific strategy, and to further diversify supply chains and reduce reliance on China for things like critical minerals, which is emerging as the battleground for clean technology.

Medtronic reported lighter-than-expected sales and earnings for its fiscal fourth quarter on Thursday, and MDT stock tumbled.

An Australian mill is reaping the reward of supply chain disruptions, reporting a 10 per cent increase in demand.

WASHINGTON — U.S. Transportation Secretary Pete Buttigieg and Canadian Transport Minister Omar Alghabra discussed February's seven-day blockage of the Ambassador Bridge during a supply chain meeting Tuesday in Washington, Alghabra said.

The easing of supply chain disruptions and growing demand is expected to propel new car production, boosting the auto parts manufacturers’ prospects. Both O'Reilly Automotive (ORLY) and Advance Auto Parts (AAP) are expected to benefit from the industry tailwinds. But which of these stocks is a better buy now? Read…

Apple Inc (NASDAQ: AAPL) is reportedly making changes to its camera supply chain management and that could mean an upgrade to “high-end standards” for the upcoming iPhone's selfie camera.