Biden’s Inflation Reduction Act could spoil Hyundai’s hot streak in America
With the expectation of capturing approximately 11% of new vehicle sales in the country, Hyundai is having a breakout year.
Russia and Latin America are developing a trade route for Ecuadorean bananas
Because of sweeping sanctions against Russia across Western Nations, Russian consumers are eager to get their hands on their favorite fruit at a cheaper price.
Crude oil prices skyrocket as shipping trade route reaches $100k per day
In a breach that eclipsed the early 2020 surge, soaring shipping costs reached $100,000 a day this week on the industry’s benchmark trade route.
The Netherlands isn’t submitting to the United States’ chip industry interests
Dutch officials have refused the White House’s not-so-subtle attempts to curtail The Netherlands’ sale of chipmaking equipment to China.
Who’s to blame for climate change?
China tops the list by far, with the U.S. coming in second. The United States is historically the largest emitter and sits responsible for 20% of all emissions - however, its fossil fuels have helped it grow into the nation it is today.
Brazilian orange juice is the new gold after Hurricane Ian
The citrus groves of Florida were devastated by the storm and disease that ran rampant through the Sunshine State, leaving this year’s crop the lowest in 79 years.
Europe and the U.S. are rekindling their relationship
The trade between the old allies is strengthening once again as tied to Russia and China force the two to rely on one another.
North America’s restoring trend is pulling operations out of China and investing in Mexico
But is it a move that is going to pay off? Mexico incurred an investment of $17.2 billion since January of this year, boasting a growth of 25.5% in comparison to the same time frame in 2021.
Qatar and China entered into a 27-year deal for LNG
Liquid natural gas has had heavy competition since Russia’s invasion of Ukraine resulting in many western countries announcing they will be cutting ties with the country as a supplier.
British multinational chemical company takes control of its rail network
A “Lean” chemical supply chain depends on the shipper’s ability to keep track of shipments.
California has a plan and the world is looking to follow it
California’s CALSTART Drive to Zero program aims for 100% of new medium- and heavy-duty vehicle sales to be zero-emission by 2040.
2022 cargo volume has declined at the Port of LA
Port of Los Angeles cargo volume has dropped 6% over the four of 2022.
Global gas issues threaten the world’s food supply
Food industry manufacturers are refocusing on cutting-edge, artificial intelligence (AI)-based, predictive technology solutions that optimize operations and machine performance despite the geopolitical issues threatening the industry.
Demand for global containers plummets while warehouses sit fully stocked
Containers are no longer in hot demand, so retail orders, shipping containers, and ship sailings are being canceled left and right.
Extortion and violence disrupt South African coal shipments
A Nov. 8 derailment of South Africa’s Transnet SOC Ltd shipment to the Richards Bay Coal Terminal has spiraled out of control as community leaders and a group known as the Ulundi Business Forum demanded contracts and business opportunities in the event.
EU’s Oil Sanctions on Russia leave some gaps
While the European Union’s impending oil sanctions on Russia seem strict and exclusionary on its face, there are still some loopholes in the deal.
Dependence on Taiwan-made semiconductor chips is hurting the U.S.
Around 65% of the global semiconductor supply is originating from Taiwan - another 90% when it comes to the smallest type of semiconductor chip.
Global supply chain expansion depends on improved supply chain agility
Supply Chain Agility is when a multi-enterprise supply chain network platform suppliers order fulfillment applications and advanced risk analytics on a public cloud - available for trading partners to view and analyze.
Norway and the U.S. are partnering for the “Green Shipping Challenge”
At the COP27 United Nations Climate Change Summit in Egypt this week, Norwegian Prime Minister, Jonah Gaher Støre, and U.S. Special Presidential Envoy for Climate, John Kerry announced the launch of their new project.
The EU proposes new regulations in regard to the last-generation combustion engines
The European Union has already banned the sales of new combustion engine-powered vehicles by 2035, and now it’s expected that they are tightening that leash.