Making a box of Cocoa Puffs is a complicated global affair. It could start with cocoa farms in Africa, corn fields in the U.S., or sugar plantations in Latin America. Then thousands of processors, transporters, packagers, distributors, office workers, and retailers join the supply chain before a kid in Minnesota, where General Mills is based,…
The Green US Supply Chain Rules Set to Unspool and Rattle the Global Economy
April 17, 2022
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Less Rice for the Same Price: Inflation Bites Asia’s Food Stalls
April 14, 2022
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Profits at Ma Hong’s spicy hotpot restaurant have been squeezed by about a fifth since he opened in downtown Beijing last year, crushed by beef tripe prices that have shot up by more than 50 percent and the surging costs of other key ingredients. “We sell it at the same price as before. Also with…
Foreign Money Flees China Amid Investor Fears
The World Bank says reducing dependence on China is “probably good for everyone.” That’s the organization’s present comments on the issue. Shipping is grinding to a halt on Chinese highways. Lockdown protocols have left truckers trapped in their vehicles, and the backup is now hitting supply chains. That’s as foreign money flees China at breakneck…
LA Port Sees 3rd-Busiest Month Ever in March
April 13, 2022
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Cargo volumes at the Port of Los Angeles broke another record in March as the docks processed nearly 1 million containers. “This turned out to be the third-best month overall in the port’s history,” the port’s Executive Director Gene Seroka said at a press conference April 13. “We started out here in 2022 with three…
Tesla Supplier Looks to Invest $5B on EV Batteries, Supply Chain Software
Tesla Inc. battery supplier Panasonic Corp. looked to invest ¥600 billion ($4.9 billion) in automotive batteries, supply chain software, and other areas it considered core to its growth. Panasonic looked to invest ¥400 billion in growth segments, including electric-vehicle cells, and another 200 billion yen in hydrogen device technology over three years through fiscal 2024. Panasonic targeted an…
Global Supply Chains Brace for Further Shocks Due to China’s COVID Lockdowns
March 16, 2022
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Anxieties are rising as the world watches China struggling to put down its purported worst outbreak in two years, shutting factories and locking down some of its busiest manufacturing hubs in a bid to curb the virus’ spread. Semiconductor developer Intel, Apple, automakers Toyota and Volkswagen are among the latest to suffer a halt of…
Toyota to Cut Quarterly Production to Ease Strain on Beleaguered Suppliers
March 12, 2022
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TOKYO—Toyota Motor Corp. will scale back domestic production by up to 20 percent during the months of April, May, and June, it said on Friday, to ease the strain on suppliers struggling with shortages of chips and other parts. The move by Japan’s largest automaker is the latest to spotlight the supply-chain difficulties hobbling the…
Toyota to Restart Japan Production After Halt Caused by Cyberattack on Supplier
March 2, 2022
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TOKYO—Toyota Motor Corp. will restart domestic production from Wednesday after a cyberattack on a supplier ground the automaking giant’s factories to a one-day halt, sparking concerns about vulnerability in Japan Inc.’s supply chain. No information was available about who was behind the attack, or the motive. It came just after Japan joined Western allies in…
CCP Has ‘Spread Its Tentacles Throughout American Society’: Lawmakers Demand US Push Back Against Chinese Influence
February 26, 2022
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Sen. Tom Cotton (R-Ark.) has urged Washington to strategically decouple from China to counter the Chinese Communist Party’s (CCP) “vast points of pressure and influence” in the U.S. political system. “Unfortunately, China and its growing economy have spread its tentacles throughout American society, to the extent that they have a vast and influential lobby in…
US Companies Grapple With Surging Costs as Supply Chain Problems Persist
Dave Petratis boosted wages for his U.S. factory workforce in December—six months ahead of schedule for normal annual increases. It wasn’t enough. The CEO of Allegion PLC, a maker of locks and security doors with 10 factories dotted across the country—including a lock factory in the appropriately named town of Security, Colorado—said ‘we’ve got our…
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