Shopify Inc. says it will reduce its head count by about 20 per cent and sell its logistics business to Flexport, a supply chain management company. The Ottawa-based e-commerce giant announced the moves Thursday morning and positioned them as a way to help it focus on its main quest: making commerce easier. But achieving that…
LIVE NOW: Senate Finance Committee Hearing on Prescription Drug Supply Chain
March 30, 2023
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The U.S. Senate Finance Committee holds a hearing on Pharmacy Benefit Managers and the Prescription Drug Supply Chain: Impact on Patients and Taxpayers at 10:00 a.m. ET on March 30. …
Senate Finance Committee Hearing on Prescription Drug Supply Chain
March 30, 2023
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congressEpochTVEpochTV LiveLive VideosPoliticsprescription drugsenate finance committeesupply chainUSUS NewsVideo
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The U.S. Senate Finance Committee holds a hearing on Pharmacy Benefit Managers and the Prescription Drug Supply Chain: Impact on Patients and Taxpayers at 10:00 a.m. ET on March 30. …
US-Congo Agreement Can Help Fix African Country’s Corrupted China-Dominated Cobalt Industry: Experts
News Analysis The United States signed a memorandum of understanding (MoU) with the Democratic Republic of the Congo (DRC) and Zambia late last year. The agreement was intended to facilitate the development of electric vehicle battery supply chains, which involve the mining of critical minerals such as cobalt and copper. The agreement has raised concerns…
US-Congo Agreement Can Help Fix African Country’s Corrupt China-Dominated Cobalt Industry: Experts
News Analysis The United States signed a memorandum of understanding (MoU) with the Democratic Republic of the Congo (DRC) and Zambia late last year. The agreement was intended to facilitate the development of electric vehicle battery supply chains, which involve the mining of critical minerals such as cobalt and copper. The agreement has raised concerns…
Inflation Heats Up Despite Easing Supply Chain Pressures
February 22, 2023
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Business & MarketsCompanieseconomic policieseconomyinflationInvestmentmanufacturingMarketssupply chainU.S. InflationUncategorizedUSUS News
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U.S. inflation is heating up despite improvements in supply chain pressures. This comes as business activity in the United States picked up in February, according to the latest U.S. Purchasing Managers’ Index (PMI) Composite Output Index from S&P Global on Feb. 21. Although supply chain disruptions showed signs of easing, inflation remain stubbornly elevated, as…
EXCLUSIVE: Rep. Chip Roy to Roll Out Bill Aimed at Cutting Manufacturing Reliance on China
February 9, 2023
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Asia & PacificChinaChip RoycongressmanufacturingNational SecurityPoliticsRepublicanssupply chaintaxThreat from Communist ChinatradeUSUS NewsUS-China relationsWorld
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A group of Republicans led by Rep. Chip Roy (R-Texas) is set to introduce a bill aimed at bringing manufacturing back to the United States and restoring economic independence from China. Despite rising political tensions between the world’s top two economic powers, U.S. trade with China has steadily grown, setting a new record last year….
Infrastructure Committee Told Inflation, Red Tape Hurting Efforts to Fix Supply-Chain
America’s transportation systems, which move people and goods from one place to another, are moving somewhat more freely now that the COVID-19 pandemic has loosened its grip. Yet inflation and government red tape are bogging down efforts to make the best use of a record $1.2 trillion infusion toward the nation’s roads, bridges, and other…
Dallas-Based Ameriflight Signs $134 Million Deal to Buy 20 Autonomous Planes
February 2, 2023
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Cargo carrier Ameriflight has announced its $134 million deal to buy 20 autonomous regional freight aircraft from San Diego-based Natilus. The conditional purchase agreement marks Natilus’ first sale of its Kona 3.8T blended-wing-body (BWB) remotely-piloted aircraft to a U.S.-based company, according to a news release. “Through this strategic partnership, we are positioning Ameriflight to build…
Capitol Report: Report: Biden Aides Find More Classified Documents; House Passes New Abortion-Related Bill
President Joe Biden’s aides have reportedly found a second batch of classified documents at a new location. The White House is refusing to answer key questions. Abortion is on the floor of the House Wednesday. What’s in this Republican-led “born alive” bill, and why do Democrats oppose it? As the global supply chain tries to…
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