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The Latest Breaking News from Supply chain

Henry Colbeck delivers 'exceptional' profit despite supply issues and price inflation

The chip shop supplier said higher turnover was largely down to more sales, not only higher prices

Birmingham Post

How big brands like Tesco are drawn to ‘wild west of global supply chain’

In the Thai city of Mae Sot, where wages and labour conditions are substandard, factories can keep costs low

The Guardian - UK

India, Vietnam are emerging as Apple's next manufacturing hub, analysts say

India and Vietnam are emerging as Apple Inc's next manufacturing hubs as assembly partners seek to add resilience to a supply chain heavily centered on China and shaken by its geopolitical and health challenges.

The Times of India

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Workers in Thailand who made F&F jeans for Tesco ‘trapped in effective forced labour’

Exclusive: Supermarket faces landmark lawsuit in the UK from 130 former workers alleging negligence

The Guardian - UK

Biden's efforts to starve China of chips are rewriting the rules of global trade–and even U.S. allies are balking at the upheaval

The U.S. is asking allies to pick sides in its chip battle with China—and some are hesitant to choose.

Fortune

Child workers found throughout Hyundai-Kia supply chain in Alabama

A Reuters investigation finds children worked for at least four Alabama parts suppliers to Hyundai and Kia in recent years, with staffing agencies placing migrant minors in plants where regulations ban kids from working.

ABC News

Ford F-150 Lightning Base Price Increases Again, Now Starts At $57,869

"Rising material costs, market factors, and ongoing supply chain constraints" are forcing the increase, according to Ford.

Motor1

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4 Semiconductor Stocks to Buy Hand Over Fist Before 2023

Despite the continued supply chain disruptions due to U.S.-China tensions, the semiconductor industry is poised to expand significantly due to its increasing demand and usage across all sectors. Furthermore, federal investments are boosting the industry’s growth. Hence, it could be wise to add fundamentally strong and quality semiconductor stocks STMicroelectronics…

StockNews.com

Baggage handlers filmed laughing while hurling passengers' bags on conveyor belt

DHL Supply Chain said two baggage handlers have been removed from operations after footage emerged of workers roughly handling and throwing luggage

Daily Mirror

Supply issues mean Northern Ireland companies holding £1.2B of unfinished goods

Manufacturers have had to hold more stock and look for alternative suppliers to spread supply chain risk

Birmingham Post

A top Chinese AirPod maker is following Apple as it shifts its supply chain away from the mainland

As Apple diversifies its supply chain away from mainland China, its Chinese suppliers are moving too, establishing factories in new hubs.

Fortune

Apple looks beyond ‘iPhone factory’ China as dalliance sours

Tech giant is seeking to redirect supply chains to India and Vietnam amid fears of overdependence on China.

Al Jazeera

Exclusive-The global supply trail that leads to Russia’s killer drones

The hundreds of Russian drones hovering ominously over the Ukrainian battlefield owe their existence to an elastic, sanctions-evading supply chain that often runs through a shabby office above a Hong Kong marketplace, and sometimes through a yellow stucco home in suburban Florida.

Reuters

Pallet shortage prompts calls for government action to shore up timber supply

As Australians fill their trolleys with Christmas goodies, a timber pallet shortage is putting pressure on the supply chain for consumer goods, prompting calls from industry for government action.

ABC News

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Birmingham Post

Supply chain issues lead to £2bn in unfinished South West goods

Manufacturers across the region said Covid lockdowns in China, the war in Ukraine and Brexit had ‘exacerbated’ the problems

AAP

Recycled roads re-route old supply chains

Reclaimed and crushed asphalt, glass, concrete and tyres could replace conventional raw materials in road construction and drive Australia's circular economy.

StockNews.com

3 Top Stocks to Buy When the Going Gets Tough

With the Fed expected to announce a 50-bps rate hike this week, concerns regarding target interest rates are set to keep markets on edge well into the next year. Hence, it could be wise to invest in Microsoft (MSFT), Sysco (SYY), and Cardinal Health (CAH), which are well-positioned to weather…

StockNews.com

Is Carnival Stock a Buy, Sell or Hold Right Now?

Lingering supply chain issues are marring the operational capability of the leading cruise company, Carnival Corporation & plc (CCL). Moreover, considering the stubborn inflation and rising borrowing costs in the economy, should you buy, sell or hold the stock now? Continue reading to find out.

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Birmingham Post

Zytronic sounds cautious note as trading shows signs of recovery

The firm's employees were thanked for the performance despite unpredictability in supply chains and markets

Insider UK

Supply chain issues see goods worth billions sitting in warehouses

Scottish manufacturers hit by delays to key parts, ingredients and materials

The Guardian - AU

‘Abysmal’ number of Australian banks and super funds have policies to mitigate environmental risks: report

ACF report comes as countries at Cop15 prepare global target requiring businesses and financial institutions to reveal how supply chains and portfolios affect nature

Inverse

Selling stolen data on the darknet is a million-dollar industry, study finds

After data breaches, our information enters an illicit supply chain and earns hackers millions of dollars.

The Guardian - UK

Revealed: the full inside story of the Michelle Mone PPE scandal

PPE Medpro and supply chain partners made as much as £100m in profits; Tory peer and husband now selling yacht and homes

The Times of India

India calls out companies, nations for fertiliser profiteering on back of Ukraine crisis

NEW DELHI: The government on Wednesday called out major foreign fertiliser companies for making a killing by artificially hiking the international fertiliser prices during the Russia-Ukraine war taking advantage of the disruptions in supply chain. Without taking any name, Union fertiliser minister Mansukh Mandaviya said India will not tolerate cartelisation…

Motorsport

Porsche confirms 963 customer team delay in 2023 WEC and IMSA

Porsche’s customer 963 teams in the FIA World Endurance Championship and the American IMSA series will be forced to miss multiple rounds due to supply chain issues with its new LMDh challenger.

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