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The Latest Breaking News from Supply chain

Maruti Suzuki carmaker misses profit estimate as supply crunch bites

India’s biggest carmaker Maruti Suzuki, reported a lower-than-expected quarterly profit as rising input costs and supply chain constraints hurt earnings.

The Times of India

Sales and profits up at biggest UK brick maker despite industry-wide inflation and supply chain challenges

Ibstock said recent sales remained encouraging and the business had mitigated energy price risks

Birmingham Post

Carbon capture could be worth £100 billion to UK economy by 2050

Offshore Energies UK report warns that Britain’s supply chain to support sector is fragile

Insider UK

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Developing nations seek to overcome energy, currency crises

Business leaders and officials from eight developing nations meeting in Bangladesh say more cooperation is needed among them to overcome dwindling foreign currency reserves, a growing energy crisis and supply chain disruptions

The Independent UK

Push to attract more female truck drivers as freight demand puts stress on supply chains

Queensland-based truck driver Corrina Riley says more women should consider a career in trucking, as the industry grapples with driver shortages and increasing freight demand.

ABC News

Why Premier League fans are struggling to buy their club's new kits amid mass disruption

More than half of clubs across the top four English divisions have been impacted because of supply chain issues linked to Covid-19 disruption in Asian factories

Daily Mirror

SThree profits surge as supply chain crisis fuels demand for tech workers

Three in four small and medium sized companies plan to reshore some of their supply chains back to the UK within five years

Evening Standard

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Most new passenger vehicles in 2050 will be electric: Study

Experts say that investments in the EV ecosystem, to enhance the charging infrastructure and expand the local supply chain development, would help convince customers to adopt EVs over traditional vehicles

The Hindu

Russia, Ukraine sign UN-backed grain export deal

Agreement set to allow grain to be exported from Ukrainian Black Sea ports amid fears of a global food crisis.

Al Jazeera

Pensana build begins as Business Secretary aims to ensure UK critical mineral supply for EV and wind markets

'Independent sovereign capability' sought as strategy launches alongside ground-breaking for Humber facility to supply materials to electric vehicle and offshore wind markets

Birmingham Post

Tesla’s Musk signals optimism on end to ‘supply chain hell’

Tesla Inc. has been going through “supply chain hell,” but Elon Musk believes the electric-car maker stands a chance of emerging from it in the second half of the year.

Tribune News Service

Oakland port shuttered for second day over trucker protest

A group of truckers continued to halt cargo traffic at the Port of Oakland on Wednesday deepening concerns over major supply chain disruptions at one of the country’s largest ports and a key hub for global commerce.

Tribune News Service

Growth forecast slashed for developing Asia as prices soar

MANILA: The Asian Development Bank on Thursday slashed its 2022 growth forecast for developing Asia and warned economic conditions could worsen, as the war in Ukraine and supply chain disruptions drive up prices.

Bangkok Post

Golden chance for NZ exports as West 'friend-shores' its supply chain

The US is leading calls to trade first with countries it knows and trusts. NZ must grasp opportunities to be part of such international supply chain resilience initiatives.

Newsroom.co.nz

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The Hindu

IIT Madras sets up centre for smart manufacturing

The Indian Institute of Technology Madras has opened a smart manufacturing and digital transformation centre (SMDTC) that will focus on research and innovation for smart process intelligence, 5G enablement and smart supply chain solutions

Birmingham Post

Russian seafood sanctions hit with Grimsby cluster chiefs warning of potential to push prices up

Processing issue not major but inflationary impact being monitored as supply chains change

Asharq Al-Awsat

Saudi Arabia Leads Contract Awards in GCC

Saudi Arabia topped the GCC project awards, which improved during the year's second quarter despite global economic challenges caused by supply chain problems and higher oil prices primarily driven by the Russia-Ukraine conflict. Higher crude oil price was the most significant contributor to inflation numbers across countries, including in the…

The Independent UK

Elections officials urged to prepare for shortages, delays

Elections officials from across the country meeting under heightened security in swing state Wisconsin are being urged to prepare for supply chain issues that could lead to shortages in paper used for everything from ballots to “I voted” stickers for years to come

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Benzinga

Inflation Is Not Changing E-Commerce Return Policies

As rising fuel prices and continued supply chain disruptions have pressured retailers and e-commerce brands, many are looking for ways to offset costs.

Reuters

U.S., allies cannot allow China to dominate raw materials, technologies - Yellen

U.S. Treasury Secretary Janet Yellen will call on Tuesday for deeper trade ties among allies to fortify their supply chains, combat inflation and thwart China's "unfair trade practices" and efforts to dominate key raw materials and technologies markets.

Birmingham Post

Revenues rise to £61m at Newcastle construction group Northern Bear despite industry challenges

The firm said it had a strong forward order book which should support its trading performance in the coming months

Reason

Gardening Is a Hedge Against Supply Chain Disruptions

Grow your own in uncertain times.

StockNews.com

Alibaba vs. Amazon: Which E-Commerce Giant Is the Better Investment?

Despite high inflationary pressure and continued supply chain disruptions, resilient consumer spending and enhanced delivery services should help the e-commerce industry to stay afloat. However, considering the uncertain market conditions, e-commerce giants Amazon.com (AMZN) and Alibaba Group (BABA) are expected to remain under pressure. But is it wise to buy…

The Guardian - AU

Bourbon dry: low spirits in New Zealand as bottle shops run out

Shipping delays and bottlenecks, along with rising popularity of hard liquor, cause shortage, accompanied by dip in chicken nugget stocks

Benzinga

Integrating Cannabis Supply Chains: Meet Luis Merchan Of Flora Growth, A Globally-Expanding Cannabis Company

Flora Growth Corporation (NASDAQ: FLGC), a vertically integrated cannabis company, entered the industry intending to become the world’s largest producer of low-cost, naturally grown medicinal-grade cannabis oils and extracts i

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