Category: suppliers

Apple Suppliers Slowly Boosting US Presence to Cut China Reliance

Apple Inc. suppliers are gradually establishing new production facilities in the U.S., with a focus on California, to move more manufacturing out of China. What Happened Apple released a supplier list for the financial year 2021, which shows that 48 of the company’s 180 suppliers had some operations in the U.S. as of September 2021….


The Open Secret of Costco Shopping: Costco Next

By Bob Niedt From Kiplinger’s Personal Finance Veteran Costco shoppers are familiar with the limited-run vendor roadshows for high-end (but heavily discounted) items like Vitamix or Traeger grills that liven up Costco warehouses, particularly on weekends. But Costco is employing a similar strategy in an out-of-the-way online portal of its website. It’s called Costco Next,…


Feds Paid $106 Million for COVID Medical Supplies That Were Never Delivered

The Department of Public Works is promising to disclose what it did to verify the credibility of federal COVID-19 suppliers. Records show that rushed contracting for medical supplies along with theft cost Canadian taxpayers over $106 million, according to Blacklock’s Reporter. “While the department established processes at the outset of the pandemic aimed at ensuring…


Target Puts the Squeeze on Suppliers After Inventories Pile Up

NEW YORK—Target Chief Executive Officer Brian Cornell pledged in a June blog post that the retailer would take necessary actions to adapt to a post-pandemic landscape, paring a record $15.1 billion in unsold merchandise. Behind the scenes, Target’s actions this summer include putting pressure on its vendors, asking them to pick up the tab for…


Apple Supplier TSMC Says It Has Complied With US Request For Data Without Compromising Customer-Related Information

Key Apple Inc. chip supplier Taiwan Semiconductor Manufacturing Co. Ltd. said it has responded to a U.S. request for data related to the global chip shortage, Reuters reported, citing the company. What Happened The world’s largest chipmaker said it has not disclosed any customer-related information in response to Washington’s data request to help mitigate the…


Energy Price Cap Needs to Be Changed, Says Scottish Power Boss

Britain’s energy price cap should be changed to become more reflective of the cost for suppliers to buy energy from the wholesale market, the boss of one of Britain’s biggest suppliers has said. The energy price cap is likely to cost the industry around £5 billion ($6.86 billion) over the next six months as customers…


UK Meat Industry Warns of Imminent Supply Threat From CO2 Crisis

LONDON—Britain’s meat processors will start running out of carbon dioxide (CO2) within five days, forcing them to halt production and impacting supplies to retailers, the industry’s lobby group warned on Monday. A jump in gas prices has forced several domestic energy suppliers out of business and has shut fertilizer plants that also make CO2 as…


Fatal Fentanyl Overdose Prompts Charges Against Accused Supplier

A Laguna Hills, Calif. man is facing federal charges for allegedly supplying the fentanyl that led to a fatal drug overdose in March. The 26-year-old was arrested May 12 after his fingerprints were found on the victim’s parcel of drugs, the Orange County Sheriff’s Department (OCSD) said May 18. “We will continue to attack the epidemic…