Toyota’s Daihatsu to compensate lower-tier suppliers for suspended production
TOKYO (Reuters) – Toyota Motor’s small-car unit Daihatsu Motor said on Thursday it would compensate lower-tier contractors in its supply chain to cushion the blow from an indefinite production stoppage after revelations…
Apple announces new clean energy investments, asks suppliers to decarbonize
(Reuters) – Apple Inc said on Tuesday it would make fresh investments to set up solar and wind projects in Europe and called on its suppliers to decarbonize operations related to the…
Auto suppliers raising prices for Ford – and beyond
By Ben Klayman and Joseph White DETROIT (Reuters) – Automotive industry suppliers are raising prices to their customers across the board, not just with Ford Motor Co, which warned this week it…
Target puts the squeeze on suppliers after inventories pile up
By Siddharth Cavale and Arriana McLymore NEW YORK – Target Chief Executive Officer Brian Cornell pledged in a June blog post https://investors.target.com/news-releases/news-release-details/target-corporation-announces-updated-2022-plan-focused-inventory that the retailer would take necessary actions to adapt to…
Walmart to charge some suppliers new fuel and pickup fees – memo
(Reuters) – Walmart Inc will charge some of its suppliers from next month new fees to transport goods to its warehouses and stores in response to rising fuel and transportation costs, according…
Exclusive-Ship fuel suppliers stop serving Russian vessels in the Med – sources
By Jonathan Saul (Reuters) – Marine fuel sellers have stopped serving vessels flying the Russian flag at major European hubs including Spain and Malta in another blow to Moscow’s exports, five industry…
Apple mulls more memory chip suppliers, including China – Bloomberg News
(Reuters) – Apple Inc is exploring new suppliers for memory chips used in its iPhones, including a potentially first Chinese supplier, after a key Japanese partner had an output disruption, Bloomberg News…
Russia looks for new baby food packaging suppliers as sanctions bite
– Russia is looking for suppliers of packaging for baby food and dairy products due to disruption in supplies caused by the Western sanctions imposed on Moscow, the country’s agriculture minister, Dmitry…
Brazil meat firms could replace Ukrainian, Russian suppliers as war rages on
By Nayara Figueiredo SAO PAULO – Soaring grain prices in the wake of Russia’s attack on Ukraine are hurting Brazilian meatpackers, but trade disruptions facing Ukrainian and Russian meat producers may be…
Volkswagen warns of production cuts as Ukraine crisis hits suppliers
HAMBURG – Europe’s largest carmaker Volkswagen on Tuesday warned of production cuts at some of its plants including the one in Wolfsburg as Ukraine-based suppliers have been facing difficulties delivering after Russia’s…
Greece sees no disruption in gas flows, suppliers line up cargoes -minister
ATHENS – Gas flows to Greece are smooth and Greek gas suppliers have lined up additional gas cargoes if needed, Energy Minister Kostas Skrekas said on Friday, a day after Russia invaded…
EU draft law would require firms to check suppliers for human rights, environmental ethics
By Simon Jessop and Jan Strupczewski BRUSSELS – The European Commission will unveil on Wednesday a proposal to make large companies operating in the European Union check that their suppliers from around…
UK retailers cut $10 billion of contracts from unethical suppliers – Barclays
LONDON – British retailers have cancelled 7.1 billion pounds ($9.6 billion) in contracts over the last 12 months with suppliers that do not meet their ethical and sustainability standards, according to a…
Exclusive-Vodafone teams up with Intel on OpenRAN in challenge to network suppliers
By Paul Sandle MALAGA, Spain -Vodafone has teamed up with Intel Corp and other silicon vendors to design its own chip architecture for nascent OpenRAN network technology, aiming to weaken the grip…
US Tech Giant Apologizes To China After Telling Suppliers To Avoid Products From Xinjiang
U.S. chip maker and technology company Intel apologized to its Chinese business partners and customers Thursday after telling its suppliers to avoid sourcing from the Xinjiang region of China. Intel sent a…
Providence Man Admits to Defrauding Food Suppliers, Assaulting Federal Officers
PROVIDENCE, R.I. – A Providence man arrested nine days after he assaulted and fled federal agents and task force officers as they attempted to arrest him on charges that he defrauded businesses…
OCDETF Operation “Tiny Toons” Leads to the Successful Prosecutions of Members of the Gangster Disciples Including One of the Largest Heroin/Fentanyl Suppliers In Wilmington
WILMINGTON, N.C. – The United States Attorney’s Office for the Eastern District of North Carolina partnered with the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF), Federal Bureau of Investigation Safe Streets…
Thirteen Gangster Disciples Members, Associates and Drug Suppliers Charged in Multistate Drug Trafficking Conspiracy
BOSTON – Thirteen individuals were charged today in connection with a Lawrence-based drug trafficking conspiracy involving fentanyl, cocaine, suboxone and counterfeit prescription pills containing methamphetamine. According to court documents, the investigation, which…
Heroin and Cocaine Suppliers for Bloods Gang Members Sentenced
NEWPORT NEWS, Va. –A New Jersey couple was sentenced yesterday to 125 and 30 months in prison for conspiracy to distribute heroin and cocaine to members of the Bloods gang. According to…
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