Apple CEO Tim Cook is under pressure to say goodbye to China
As the tech giant faces increasing needs to diversify its manufacturing supply chain, Cook is searching for neighboring countries to fill the void.
The U.S. suffers refinery outages, and the rest of the world scrambles to fill the oil void
Asian buyers have purchased a minimum of 7 million barrels of heavy-sour Canadian crude for the month of February.
Can improved procurement strategies scrub the stain of modern slavery from our supply chains?
Procurement can help avoid the growing trend of modern slavery in supply chains by implementing several strategies.
Industrial near-shoring trend is only growing
Strained supply chains are being forced to take their industrial efforts south of the border in Mexico, creating pressure on cross-border spot rates.
China’s Huawei is looking to fuel sales growth
Huawei is a Chinese multinational technology company that specializes in telecommunications equipment and consumer electronics and is one of the largest telecommunications equipment and smartphone manufacturers in the world.
Lunar New Year hints at renewed port congestion after covid policies have been lifted
China’s “zero-covid” policies created massive lockdowns that softened the container delays and port congestion issues over the past few years.
Transitioning to clean energy means more dependence on China
Countries that are pivoting to cleaner energy sources, such as wind and solar power, often have to depend more on China for the necessary technology and equipment because China is a leading producer of these technologies and has a well-established industry for renewable energy.
Chinese rare earth metals need to be shipped via train from Russia to Europe
While Ukraine’s allies ponder whether they should provide the country with modern tanks in order to defend itself from invading Russia, the European Union is weighing its options.
Ford accused of using relationship with Chinese CATL to undermine the IRA legislation
Virginia Governor Glenn Youngkin is speaking out after withdrawing his state from consideration for the highly-anticipated electric-vehicle battery plant as a joint venture between Ford Motor Co. and Contemporary Amperex Technology Co. Ltd. (CATL).
Federal rail regulators are monitoring the use of embargoes
Rail regulators do not generally like increased use of embargoes, or temporary suspensions of rail service, because they can disrupt the flow of goods and cause significant economic and logistical challenges for shippers and other stakeholders.
U.S. businesses want tariffs on Chinese goods removed
The Biden Administration is considering extending the Trump-era tariffs which account for hundreds of billions of dollars in levies - and some businesses don’t like that.
Carriers forced to reduce ocean container rates with cooling demand
After historically high freight rates in the maritime shipping industry clouded the sector while consumers panic-bought everything from furniture to toilet paper during the pandemic years - the rates have finally cooled off.
If Taiwan is invaded by China, what is at risk?
It is difficult to predict exactly what would happen if China were to invade Taiwan, as it would depend on a variety of factors, such as the military capabilities of both sides, the level of international support for Taiwan, and the political and economic consequences of such an action.
Global instability hints at a massive cyberattack within the next two years
At least, according to a survey conducted by the World Economic Forum - which found that 93% of cybersecurity experts and 86% of business leaders are wary of this issue.
Oil storage tank demand is soaring in Singapore
Singapore is expected to be blending Russian fuel and reexporting the shipments, a method that can hide the cargo’s origin in a world filled with Russian sanctions.
Diesel cargos are being diverted away from the EU, days before Russian ban
After months of preparation, the European Union is banning almost all imports from its top diesel supplier, Russia.
TSMC Q4 revenue increased, regardless of global declining chip demand
Taiwan Semiconductor Manufacturing Co., the company calling much of the shots in the United States semiconductor industry, is projecting a revenue drop over the next twelve months.
The Georgia Ports Authority now boasts approximately 6 million TEUs in volume
Reporting 5.9 million TEUs in 2022, the 5% increase compared to 2021 is a point of major success for the Port of Savannah.
Sanctions incoming: the global diesel market is about to experience a shock to the system
Beginning on February 5th, the European Upon and its allies will be implementing the long-anticipated cap on the price of Russia’s fuel exports.
Florida startup is challenging the Panama Canal
The Panama Canal has long served as a convenient shortcut for ships crossing between the Pacific and Atlantic Oceans, making up a series of lochs that serve a plethora of ships each day.