Ohio man accused of stealing $15M in groceries from Missouri chain and sabotaging stores
ST. LOUIS, MO – A grocery store owner from Ohio has been indicted and arrested for allegedly defrauding a Missouri-based supermarket chain out of more than $15 million in inventory, then sabotaging…
Robbery Victim Suffers Injuries While Trying to Get Stolen Chain Back from Perp
NEW YORK CITY, NY – The New York City Police Department is reaching out to the public for help in identifying two individuals related to a robbery. The incident occurred on Monday,…
Boeing deliveries fall in July amid 737 supply chain hurdles
(Reuters) – Boeing delivered fewer airplanes in July than its European rival Airbus, as the U.S. planemaker continued to work through logistics and supply chain disruptions affecting its bestselling 737 narrowbody jet.…
Fisker unveils electric pickup truck even as supply chain bottleneck lingers
By Lisa Baertlein and Abhirup Roy HUNTINGTON BEACH, California (Reuters) – Electric vehicle (EV) maker Fisker Inc unveiled a pickup truck on Thursday, weeks after starting deliveries of its flagship sport utility…
China hotpot chain Haidilao soars on surge in first-half profit
BEIJING (Reuters) – Shares in Haidilao International Holding soared 16% on Monday after China’s largest hotpot chain said it expected to report a 30-fold jump in first-half profit with diners returning to…
Toshiba, General Electric to build offshore wind equipment supply chain in Japan-Nikkei
TOKYO (Reuters) – Japan’s Toshiba plans to establish a domestic supply chain for offshore wind power equipment together with U.S. manufacturer General Electric, Nikkei reported on Saturday, as Japan is expanding in…
BBQ chain with location in Manchester announces new sandwich
MANCHESTER TOWNSHIP, NJ – Texas-style barbecue brand, Dickey’s Barbecue Pit, is exciting barbecue lovers across the country with the launch of their latest creation, the Kickin’ Comeback Pulled Pork Sandwich. Starting from…
Xponential plunges after short-seller alleges fitness chain misled investors
(Reuters) – Shares of Xponential Fitness slumped nearly 34% on Tuesday after short-seller Fuzzy Panda Research alleged that the boutique gym chain has misled investors by “hiding” the losses of its brands…
Pratt & Whitney sees supply chain progress
PARIS (Reuters) – Pratt & Whitney is seeing “solid progress” in the aerospace supply chain after bottlenecks caused by the pandemic, Shane Eddy, president of engine maker Pratt & Whitney, said at…
JLR taps Everstream Analytics’ AI to dodge supply chain problems
By Nick Carey LONDON (Reuters) – JLR said on Monday it has partnered with supply chain mapping and risk analytics firm Everstream Analytics, which will embed artificial intelligence into the British luxury…
China encourages private firms to participate in key supply chain projects
BEIJING (Reuters) – China will speed up the process to allow private firms to access infrastructure of major national scientific research projects and will encourage private businesses to participate in key supply…
Baguette chain set to open new location in Montclair
Montclair, NJ – Paris Baguette, the popular bakery café concept with a global presence of 4,000 units, including nearly 150 in the United States, is experiencing remarkable growth in recent times. Following…
Cookie chain announces plans to open six stores in NYC suburbs
Suffolk County, NY – Chip City Cookies, the popular gourmet cookie brand, is adding to New York’s reputation as the Cookie State with the opening of its newest location in Suffolk County.…
Pharmacy chain Walgreens Boots Alliance to cut corporate jobs by 10%
(Reuters) – Walgreens Boots Alliance Inc said on Friday it would slash its corporate staff by about 10%, as it streamlines operations and focuses on consumer-facing healthcare businesses. None of the 504…
Bye, Bye Burger King? Chain to shutter hundreds of locations, any at the Jersey Shore?
TOMS RIVER, NJ – Some Burger King franchisees are not working hard enough to compete against the competition. That’s what the company is saying after announcing it will close up to 400…
Coffee chain Tim Hortons to open stores in South Korea
NEW YORK (Reuters) – North American coffee shop chain Tim Hortons will enter the retail market in South Korea later this year, its parent company Restaurant Brands International said in a statement…
CBP Modifies Withhold Release Order in Response to Smart Glove’s Successful Actions to Address Forced Labor Supply Chain Issues
WASHINGTON – U.S. Customs and Border Protection (CBP) today modified the Withhold Release Order (WRO) against synthetic, disposable gloves produced in Malaysia by a group of companies jointly known as Smart Glove.…
Gourmet cookie chain to open six new locations in New York
NEW YORK CITY, NY – Chip City Cookies, the gourmet cookie brand that offers different flavors of cookies every week, has announced plans to open six new locations in New York City…
Victim choked with chain, stabbed in chest in Bronx attack
NEW YORK, NY – A man walking along Grand Concourse in the Bronx was attacked by an unknown group of suspects, choked by a chain and robbed last month. Now, police are…
CBP and Customs Administrations Agree on Strengthening Supply Chain Security
BOSTON—U.S. Customs and Border Protection (CBP) signed Monday a Mutual Recognition Arrangement (MRA) with the Customs Administrations of Guatemala and Colombia at the Trade Facilitation and Cargo Security Summit. Acting Commissioner Miller…
Biden Admin Announces Strategy To Combat Fentanyl Supply Chain
Biden Admin Announces Strategy To Combat Fentanyl Supply Chain Jennie Taer on April 11, 2023 The Biden administration announced Tuesday its strategy for combating the supply chain allowing illicit fentanyl to enter…
CBP Provides Guidance on Cybersecurity Best Practices to Increase Supply Chain Resiliency
WASHINGTON — U.S. Customs and Border Protection (CBP) released Monday a new guidance document containing best practices for customs brokers on how to prepare for and respond to a cyber-attack. The new…
NY Fed index shows global supply chain pressures eased further in March
By Michael S. Derby NEW YORK (Reuters) – International supply chain stress continued to ease last month, the Federal Reserve Bank of New York said on Thursday, in data that suggests at…
Burger chain McDonald’s to lay off hundreds of corporate employees -source
By Jessica DiNapoli and Hilary Russ NEW YORK (Reuters) – The number of corporate employees McDonald’s Corp plans to lay off this week will tally in the “hundreds,” a source familiar with…
German supply chain shortages ease but long way to go – ifo
BERLIN (Reuters) – German manufacturers are seeing fewer material shortages but Europe’s largest economy is still a long way away from an ideal supply situation, according to an economic survey published on…
US pharmacy chain CVS to bolster customer privacy protection after shareholder push
(Reuters) – CVS Health Corp will enhance its data privacy disclosures following a shareholder proposal that asked the pharmacy chain to address concerns around threats to customers’ reproductive health data, Arjuna Capital…
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