With Ford F-150 pickups being the industry’s top-selling truck and supply chain disruptions still impacting the automotive sector, excess inventory can become prime targets for automotive thieves. What Happened On June 10, Ford Motor Company reported that 13 2022 F-150 Raptors were stolen from a storage lot at the River Rouge facility in Dearborn, Michigan, as…
Thieves Target F-150 Raptors: Ford Facing Security Issues as Supply Chain Disruptions Leave Inventory in Storage Lots
Tampon Shortage: Yet Another ‘War on Women’
Commentary BEAVER, Pennsylvania—If you were looking to purchase tampons here at the Beaver Super Market along Third Street, the city’s Main Street business district, the manager says there has been a shortage for a while. When he does get them in, they are gone by midday. He is not alone. A visit to several larger…
South Korea Joins US-Led Mineral Security Alliance, Aims to Curb Chinese Dominance in Critical Minerals Supply
June 29, 2022
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Asia & Pacificchinese importscritical mineralsIndo-Pacific Economic Framework IPEFMinerals Security Partnership (MSP)raw materialsSouth Koreasupply chainWorldYoon Suk-yeol
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South Korea has announced its participation in the U.S.-led Minerals Security Partnership (MSP) to cut its heavy reliance on Chinese mineral and raw materials imports. The announcement of joining the MSP came shortly after South Korea’s decision in May to participate in the U.S.-led Indo-Pacific Economic Framework (IPEF). IPEF outlines the United States’ key priorities…
Musk Vows Fast Fix for New ‘Money Furnace’ Tesla Factories
Tesla CEO Elon Musk described the electric automaker’s factories in Austin and Berlin as “money furnaces” that were losing billions of dollars because supply chain breakdowns were limiting the number of cars they can produce. In a May 30 interview with a Tesla owners club that was just released this week, Musk said that getting…
UK Peers Propose Law Limiting Public Bodies’ Dependency on Chinese and Russian Imports
June 22, 2022
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ChinaChina Business & EconomyEuropeEurope-China RelationsInternational RelationsRussiasupply chainUKWorld
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A cross-party group of peers has proposed a new law aimed at containing the dependency on Chinese imports in the British public bodies’ supply chain. It comes after the government quietly dropped “Project Defend,” a cross-department project put together during the early days of the CCP (Chinese Communist Party) virus pandemic to assess the UK’s supply chain…
China Has ‘Cornered the Market’ on Pharmaceutical Ingredients, Jeopardizing US National Security: Rep. Harshbarger
A Republican lawmaker says that pharmaceuticals acquired from China are nothing less than medication acquired from the nation’s enemy. And she’s fearful that supply chains could be leveraged against the United States. Earlier this year, Rep. Mike Gallagher (R-Wis.) and colleagues introduced the “Protecting our Pharmaceutical Supply Chain from China Act of 2022” (H.R.7121). The…
Cosmetics Giant Revlon Files for Bankruptcy Amid Increased Competition, Supply Chain Disruptions
Cosmetics giant Revlon filed for Chapter 11 bankruptcy protection on Wednesday after struggling with debt and competition from online-focused upstart brands and amid soaring inflation levels plus supply chain issues. The company, owned by billionaire Ron Perelman’s MacAndrews & Forbes, listed assets totaling $2.3 billion as of late April, according to a June 15 filing with the U.S….
US Economy to Slow Due to Sticky Inflation, Persistent Supply Woes: OECD
The Organization for Economic Cooperation and Development (OECD) has cut its growth forecast for the U.S. economy, blaming high inflation that could take longer to dissipate as supply disruptions persist in part due to the Ukraine war and China’s COVID-19 lockdowns. U.S. gross domestic product (GDP) is expected to weaken to 2.46 percent in 2022,…
Supply Chain Logjams Ease As Tight Trucking Market Sees Relief
Supply chain pressure on the U.S. economy has eased to its lowest level since December 2020, as trucking sector activity begins to cool after peaking in the first quarter, according to a new Logistics Managers Index report on June 7. The index dropped to 67.1 in May, the second straight monthly decline from the record of…
Here’s What Analysts Had to Say About HP Post Q2 Results
Analysts remained cautious about HP Inc. post Q2 results. Barclays analyst Tim Long maintained HP with an Underweight and raised the price target from $29 to $32. HP beat 2Q, driven by commercial and premium PC growth (primarily higher ASPs), while the Print segment was largely in-line. HP modestly raised the FY22 EPS guidance midpoint. Long remains wary of PC growth,…
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