Tag Archives: supply chains

What will it take for OPEC+ to increase its oil production?

Worsening oil shortages following Russia’s invasion of Ukraine have driven prices at the pumps up in recent weeks, raising fears of a catastrophic global oil crisis and runaway inflation. Despite these concerns, the Organization of the Petroleum Exporting Countries (OPEC) and other non-OPEC oil exporters, a global oil cartel known as OPEC+, are still holding back on increasing production. , ...

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ServiceNow: How manufacturers can meet the ESG challenge

When it comes to environmental, social and governance (ESG) goals, almost every company now feels the need to up their game. Investors are increasingly incorporating ESG indicators into valuations. Regulators are watching them more closely than ever; and a growing number of consumers and employees expect companies to measure their ESG impact. Yet less than half of executives have a ...

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Albanian daily news

The Albanian economy will suffer direct and indirect shocks from Russia’s attacks on Ukraine. Fuel and flour prices are expected to rise, as the country imports 47% of its annual grain needs and 12% of oil from Russia. The indirect consequences will come from the global increase in food and energy prices and negative impacts on tourism. Wholesalers claim there ...

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Learning from supply chain chaos

CLAREMONT, Calif., February 22, 2022 /PRNewswire/ — Manufacturing and Supply Chain Expert Lisa Anderson, MBA, CSCP, CLTD, President of LMA Consulting Group Inc., released a special report, “Thriving in 2022: Learning from Supply Chain Chaos.” This special report includes supply chain insights and insights from Ms. Anderson, as well as 22 expert advisors who have helped clients through their supply ...

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More agricultural export freight hikes loom, tip shipper body warns | Earth

The freight cost hammer may not yet have fallen on agricultural exporters as the fight for export space on ships intensifies, the Australian Peak Shippers Association (APSA) has warned. APSA has made a series of recommendations as part of an upcoming Productivity Commission review, calling on the federal government to make the waterfront more productive to help reduce costs for ...

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Lawmakers and regulators seek to cap fees charged by carriers at ports

Mark Boone reluctantly agreed that the cost of shipping a container of wax melters from Pakistan to Charleston, SC doubled in the past year to more than $17,000. But the shipping company’s additional $6,820 charge in December for a single container that U.S. Customs and Border Protection set aside for inspection for 20 days fell outside commercial market forces, in ...

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UK: Rochdale food wholesaler secures new government funding

UK Export Finance’s £500,000 General Export Facility has helped overcome coronavirus (COVID-19) related supply chain challenges The export operations of the family business Forrest Fresh have thus increased eightfold, which has helped to preserve local jobs. The company, which supplies Cadbury and Walkers, is now pursuing larger contracts in Europe, the Middle East and South East Asia. Leading UK food ...

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Fourth Circuit Applies Safeco to FCA Claims, Accuses CMS of ‘Maintaining Strategic Ambiguity’ Around Medicaid Drug Reimbursement Program Requirements – Food, Drugs, Healthcare, Life Sciences

In a recent 2-1 decision, the Fourth Circuit joined every other circuit in considering the matter when applying Safecothe FCA’s “reckless disregard” standard to the FCA’s legally false claims based on alleged violations of ambiguous laws and regulations. Below Safeco, the courts consider whether a defendant’s interpretation of the ambiguous statute or regulation at issue was objectively reasonable and whether ...

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China’s zero-Covid policy poses a challenge to manufacturers and supply chains

China’s battle to contain the Omicron variant risks suffocating already strained global supply chains, manufacturing officials and analysts have warned, threatening production of goods ranging from smartphones to furniture. Beijing is determined to prevent any large-scale transmission of Covid-19, especially as it prepares to host the Winter Olympics next month, and has imposed restrictions to maintain its zero-Covid strategy. A ...

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Retailers claim Australian government is seizing COVID-19 RATs they have ordered

As Omicron spreads across the country, it is imperative that Amanda’s small team of health workers use RATs to test themselves regularly. Read more “While we use PPE – so we wear masks and shields – with the use of rapid antigen test kits, we could quickly find out whether a staff member has COVID or not. And if they ...

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Is this resilient farm-to-fork system a “proof of concept” for revolutionizing hospital nutrition?

An ambitious program launched by Chief Executive Santana Diaz at the University of California, Davis Medical Center in 2018 aimed to resolve one of healthcare’s most glaring contradictions – malnutrition which affects up to 50 percent of hospital patients worldwide. The farm-to-table chef planned to serve only healthy, organic foods sourced within 250 miles of the three Sacramento area hospitals, ...

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Borderlands: Austin’s manufacturing sector is booming

[ad_1] Borders is a weekly recap of developments in the world of cross-border trucking and trade between the United States and Mexico. This week: Austin, Texas’ manufacturing sector is booming; Mexico’s freight transportation GDP fell last year; reverse logistics company opens facility in Fort Worth; and CBP finds massive drug load in auto parts shipping. The capital of Texas has ...

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How America’s Manufacturers Cope in the Global Supply Chain Crisis

[ad_1] American manufacturers are thriving as global supply chains remain in turmoil. They are not immune to other economic problems, such as labor shortages and rising shipping costs. But “the closer you are to your customer … the fewer issues there are,” Scott Paul, president of the Alliance for American Manufacturing, told Insider. Loading Something is loading. Unlike many retailers ...

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Universal Logic: Demand for Neocortex robotic pallet sorters is on the rise | National company

[ad_1] NASHVILLE, Tennessee – (BUSINESS WIRE) – November 30, 2021– Universal Logic®, the inventor of Neocortex®, the world’s oldest AI robot control software, today announced an agreement for its fully integrated Neocortex pallet sorter in multiple Associated Wholesale Grocers distribution centers, Inc. (AWG). This press release features multimedia. See the full version here: https://www.businesswire.com/news/home/20211130005100/en/ Neocortex pallet sorter work cell (Photo: ...

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Foam Plastics Market Demand, Growth, Trend, Business Opportunities, Manufacturers, and Research Methodology by 2028

[ad_1] Emerging research logo Plastic Foam Market Size – USD 51.76 Billion in 2020, Market Growth – at a CAGR of 4.5%, Market Trends – Building and Construction Industry Growth VANCOUVER, BC, CANADA, Nov 23, 2021 /EINPresswire.com/ – The latest study titled “Global Foam Plastics Market”, published by Emergen Research, includes a comprehensive database determined by a thorough assessment of ...

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UK inflation hits 10-year high

[ad_1] Inflation in Britain hit its highest level in nearly a decade in October after soaring energy prices hit household bills. The The consumer price index rose to 4.2 percent from a year earlier, the highest since November 2011, and up from 3.1% in September, the Office for National Statistics said on Wednesday. The price increases were more than double ...

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Freightwalla presents free AI-powered freight tracker to help exporting and importing MSMEs – Geospatial World

[ad_1] India’s leading digital freight forwarder Freightwalla has launched a free supply chain automation platform, a smart shipment tracking service for MSME companies. Advanced predictive analytics system will help exporters / importers tackle the risks associated with shipping delays and improve supply chain efficiency for free. The intelligent freight navigation service supported by the latest ML algorithm will be available ...

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Leading consumer goods retailers and manufacturers launch actions to transform production landscapes into ‘Forest Positive’ by 2030

[ad_1] Forest Positive Coalition of Action aligns with landscape engagement ambition to help stop deforestation and advance Forest Positive strategy The Consumer Goods Forum’s Forest Positive Coalition of Action launches the first phase of a strategy to transform areas equivalent to the size of the Coalition’s combined production base footprint into positive forests by 2030 The Coalition and its 20 ...

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SBDG), Announces Plan to Build Nitrile Glove Manufacturing and NBR Rubber Production Facility in Texas

[ad_1] CARY, NC, Nov 04, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – Small Business Development Group, Inc. (OTC: SBDG) (www.SBDGStock.com) announced today that Strategic Manufacturers, Inc., (SMI), a wholly owned subsidiary, is planning to build two large manufacturing plants in the Katy, Cypress, Texas area. When fully operational, these factories will produce 4.5 billion nitrile examination gloves per year, as ...

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USA Thanksgiving Pie Sauce Endangered Due To Supply Chain Problems

[ad_1] Tensions on the U.S. supply chain, including a shortage of workers, mean U.S. Thanksgiving gatherings may have to skimp on classics like prank. “Meals, gifts and celebrations will be very different this year as families face a wave of high prices, limited inventory and minimal customer service,” said a member of the Agriculture Committee of bedroom. Glenn thompson (R-Pa.) ...

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Mickey Kim: MIT’s “Beer Game” Explains Impact of Panic

[ad_1] Long ago, in a land far, far away, you could walk into a grocery store and be tempted by shelves overflowing with a seemingly endless variety and limitless supply of produce to satisfy your every whim. It describes the happy state of the US economy in early 2020, as the well-choreographed ‘dance’ involving the various links in the global ...

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Singapore manufacturers expect a favorable trade situation from October to March

[ad_1] By Ronnie Harui SINGAPORE – The business climate in Singapore’s manufacturing sector remains positive for the October-March period despite the Covid-19 situation and pressure on supply chains, the Singapore Economic Development Board said on Friday. Overall, a 16% weighted net of manufacturers anticipates favorable conditions for the period, compared to the third quarter, the EDB said. A 22% weight ...

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SUBJECT PAGE: Sustainability in the Fertilizer Industry

[ad_1] LAST NEWS BLOG: China offers major climate hope as latest IEA report highlights developing world By John Richardson 18-Oct-21 03:59 SINGAPORE (CIHI) – Much of the media coverage on the International Energy Agency’s (IEA) new World Energy Outlook, which was released last week , was so, so parochial that it focused on the links between study and the energy ...

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Northern Australian cattle export trade lulls

[ad_1] A cattle export ship maneuvered alongside Darwin Harbor. LACK of supplies, high livestock prices and COVID-related disruptions in key markets have hampered the northern Australian livestock shipping trade since August. Export sources have warned in recent months that shipments will slow significantly in the face of increasing headwinds, including the speed at which the Delta variant of COVID has ...

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China’s energy crisis affects everything from iPhones to milk

[ad_1] By Jeff Sutherland and Tom Hancock (Bloomberg) – The blow from China’s energy crisis begins to spread around the world, hurting everyone, from Toyota Motor Corp. Australian sheep farmers and cardboard box manufacturers. The extreme power shortage caused by soaring coal prices at the world’s largest exporter is expected to hurt China’s growth, and the impact on supply chains ...

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Shaheen Urges Federal Maritime Commission to Address Rising Costs of Overseas Shipping and Help NH Companies Stay afloat

[ad_1] September 20, 2021 (Manchester, NH) – US Senator Jeanne Shaheen (D-NH) sent a letter to the Federal Maritime Commission last week urging the agency to deal with soaring costs of importing goods that threaten operations and the economic recovery of New Hampshire businesses. Shaheen noted the existential threat to small businesses that cannot afford container tariffs whose costs, in ...

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American dairy associations call for additional action from the White House on the ports crisis

[ad_1] New American dairy associations call for additional action from the White House on the ports crisis September 16, 2021 The National Milk Producers Federation (NMPF) and the US Dairy Export Council (USDEC) have joined several other organizations urging the Biden administration to take further action to alleviate the current port crisis in a letter sent to the House today. ...

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No Quick Fix for Shipping Crisis Creating Supply Chain Bottlenecks | Voice of America

[ad_1] WASHINGTON – A significant increase in demand for consumer goods in the United States and Europe, combined with the disruption caused by the coronavirus pandemic, has shaken global shipping markets, pushing up the cost of transporting freight containers to United States and around the world. This has resulted in higher prices and huge delays at ports and logistics centers, ...

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COVID-19: COVID-19 hits manufacturing, services: TIER

[ad_1] MIXED PERSPECTIVES: While manufacturers remain cautious about the spread of the Delta variant overseas, the service industry is optimistic as a local outbreak is reduced By Crystal Hsu / Journalist Last month, business confidence in the manufacturing and service sectors fell over concerns over the rapid spread of the Delta variant of SARS-CoV-2 around the world, but improved for ...

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Contractual Mitigation Strategies for the Solar Sector as Governments Target Alleged Forced Labor

[ad_1] The US WRO, implemented earlier this year, has targeted Chinese polysilicon supplier Hoshine and its subsidiaries, but more parts may be added to the order in the near term. Image: Luke Price / Flickr. Western governments’ action targeting possible human rights violations in supply chains is accelerating. Recent and potential future developments in this area could cause significant disruption ...

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Wave of forced labor enforcement blurs compliance efforts

[ad_1] Law360 (Aug 6, 2021, 4:50 p.m. EDT) – A steady increase in enforcement against the importation of goods made with forced labor has prompted importers to scramble to change supply chains or prove their supply is clean, which poses compliance challenges for businesses used to coasting in a more relaxed environment. The burgeoning forced labor import net crosses party ...

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Where have all the sea containers gone?

[ad_1] The shipping container that has been the cornerstone of global trade growth is emerging as the latest source of frustration for importers and exporters facing global supply chain disruptions. Steel crates are harder than ever to find as growing demand for inventory replenishment and a series of shipping disruptions have left several thousand containers stranded at sea on ships ...

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U.S. clean energy industry facing forced labor issues

[ad_1] This is the first of three articles on the solar industry and forced labor. Here we focus on regulation. Articles in the coming weeks will focus on the issues facing importers and their suppliers, as well as investors and their demands. Your shipment of solar equipment is stopped by customs at the US border due to the potential use ...

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Global chip shortage has hit smartphone makers

According to online sources, the global shortage of semiconductor products has started to negatively impact the smartphone industry. Deliveries are slowing and buyers are seeing significant price increases for the first time in years. Some manufacturers have had to cut production and delay the launch of new devices. For most of the year, smartphone makers have avoided issues faced by ...

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High shipping costs weigh on the economy

[ad_1] It cost John Logue about $ 6,600 to ship a container of hazardous chemicals from Shanghai to Chicago. Now the CEO of the Royale Group is paying up to $ 29,000 – and that’s if he’s lucky enough to find space on one of the most sought-after freighters plying the Pacific trade routes. Logue’s headaches at sea are mirrored ...

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Provide finance to supply chains

[ad_1] Recently, new forms of supply chain finance such as reverse factoring have emerged as cheaper alternatives to traditional letters of credit and factoring in international trade finance. The key innovation of reverse factoring is that in reverse factoring transactions, a large creditworthy importer (eg, Walmart) initiates its own program with its international bank (eg, Bank of America). The international ...

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Shipping carriers push back White House price controls

[ad_1] File image courtesy of World Shipping Council Posted on Jul 12, 2021 1:17 AM by The maritime executive Shipping carriers are pushing back White House pressure to examine the pricing power in the container shipping industry. Last week, as part of a broad executive order targeting anti-competitive business practices, the Biden administration called on the Federal Maritime Commission to ...

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