Shein is in hot water with U.S. Senators over cotton sourced from China’s Xinjiang region
The massive retailer is being questioned by Democratic Sens. Bill Cassidy, Elizabeth Warren, and Sheldon Whitehouse in a letter over the company’s involvement with cotton sourced from China’s Xinjiang Uygur Autonomous Region.
The World Economic Forum is issuing warnings of interconnected crises
Known as “polycrises”, these refer to multiple, interconnected crises that occur simultaneously and have the potential to amplify each other, creating a complex and potentially catastrophic situation.
Best-value country sourcing should consider more than just the cost
While cost is an important factor, there are many other factors that can impact the overall value of a sourcing decision, such as lead time, quality, risk, and sustainability.
White House advisor warns that the U.S. has a long road ahead to catch up with China
China currently dominates the rare earth and mineral production market, controlling the lion’s share of 60% globally.
The relationship status of China and the United States is “complicated”
China's rapid economic growth and increasing global influence have led to heightened competition with the United States, particularly in areas such as trade, technology, and investment.
El Salvador, Guatemala, and Honduras win $300 million investment in Target infrastructure
The massive retailer is expanding its relationship with vendors in Central America as part of Vice President Kamala Harris’ “Call to Action for Northern Central America”.
Southwest COO says, “we’re sorry”, to the Senate
After being called to a Senate panel on Thursday, Chief Operations Officer for Southwest Airlines Andrew Watterson apologized to Congress for the holiday issues that stranded passengers across the United States.
Maersk expects a 2.5% drop in container shipping volume this year
CEO Vincent Clerc has cited “muted” economic growth as a reason for the decline, especially after exceptionally high freight rates have been normalized over the past two years.
Gallup poll results say half the country feels financially crippled
The worst poll results since 2009, most Americans are feeling “worse off” now than they were last year - an even greater number, 61%, of those who make less than $40,000 are financially stressed.
The United States is still behind the curve in EV battery material manufacturing
Despite being a major player in the automotive industry, the United States has been slow to invest in car battery materials and production compared to other countries, particularly in Asia.
FMCSA continues its fight to have unapproved ELDs removed from trucks
Furthering their efforts, the Federal Motor Carrier Safety Administration (FMCSA) is continuing to press for the removal of electronic logging devices that do not meet their minimum requirements.
Global supply chain network designs are the creme de la creme
A well-designed supply chain network can help companies reduce costs by optimizing transportation routes, reducing inventory levels, and minimizing waste.
President Biden’s State of the Union Address drew praise and criticism, as expected
February 7, 2023, Biden delivered his second State of the Union address to the country. Highlighted were an extremely divided Congress and the reminder that Biden’s approval rating has plummeted during his time in office.
Turkish cargo port of Iskenderun devastated after deadly earthquake
Thousands of residents were killed after the disaster in Turkey and Syria on Tuesday and the port suffered losses as stacks of shipping containers collapsed.
The Fed warns that inflation is a battle Americans will face for quite some time
Federal Reserve Chair Jerome Powell claims that the strong job market has made The Federal Reserve’s efforts to stifle inflation difficult, even after many rounds of interest rate hikes.
Coca-Cola is a global staple - but how is it made?
Coca-Cola is a global brand with a presence in more than 200 countries.
Despite a pro-union White House administration, unionization rates have declined
According to the Bureau of Labor Statistics, overall US union membership dropped by .2% in 2022, falling from 10.3% in 2021.
European Unions risks transatlantic trade war over clean technology laws
The Biden Administration’s $500 billion legislation encouraging new spending in the domestic green energy industries may be the final straw for the EU, which unveiled its Green Deal Industrial plan in response.
Is DOT Secretary Pete Buttigieg looking at other political gigs?
While some have speculated that Buttigieg would be aiming for a Senate seat in Michigan, he himself has stated he doesn’t plan on leaving the Biden Administration’s DOT anytime soon.
Does fighting climate change disrupt free trade?
On the one hand, reducing greenhouse gas emissions is essential to slowing the pace of climate change and avoiding its worst consequences.