FedEx predicted that Monday will be a record day for deliveries for the 2021 holiday season, company executives told CNBC. “We’ve seen a lot of people actually starting their Christmas …
Supply
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LONDON – Britain’s economy looks set to grow more slowly than previously thought this year and in 2023 due to global supply chain problems and the government must encourage longer-term …
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The Washington Post published an article Thursday arguing that gasoline prices aren’t actually very high despite “recent commentary” on the issue. Rising gasoline prices are a consequence of inflation, which …
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By Steve Scherer and David Shepardson OTTAWA/WASHINGTON – The main trucking lobbies in Canada and the United States are warning that vaccine and testing requirements for workers will further disrupt …
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PARIS – A 17-billion-euro ($19.23 billion) French arms deal with the United Arab Emirates will secure the industrial supply chain for France’s Rafale warplane for the next decade and directly …
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– U.S. truck maker Navistar International Corp, backed by Volkswagen, said on Wednesday the Omicron variant of the coronavirus would likely slow the recovery in the global supply chain. A …
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TORONTO – Canadian manufacturing activity expanded at a slightly slower but still robust pace in November as production accelerated in spite of severe supply bottlenecks, data showed on Wednesday. The …
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By Jonathan Cable and Leika Kihara LONDON/TOKYO -Global factory activity accelerated in November although crippling supply bottlenecks remained, putting a cap on output and driving up the cost of raw …
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– Dove soap maker Unilever Plc announced on Wednesday two changes to its top leadership, bringing in new hires to replace its chief legal and chief supply chain officers. Reginaldo …
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NEW YORK – The world’s sugar supply balance is expected to deteriorate in the 2021/22 season that started in October due to higher use of sugarcane to ethanol production in …
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WASHINGTON – Walmart Inc Chief Executive Doug McMillon on Monday hailed the Biden administration’s efforts to ease supply chain bottlenecks as the holiday season gets underway, noting the decision to …
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Walmart announced Monday that Executive Vice President and Chief Financial Officer Brett Biggs would leave the company after working over two decades at the world’s largest retail business. Biggs, who …
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By David Shepardson DETROIT -U.S. Commerce Secretary Gina Raimondo said on Monday that it is too soon to tell if the new COVID-19 variant Omicron will have any impact on …
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BERLIN – Germany’s car exports dropped 17.2% in the third quarter due to chip shortages and other supply bottlenecks, data showed on Monday, pointing to a decline in sales of …
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NBC reports a booze shortage that could last through the entire holiday season as wineries tackle a bottle shortage.
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By Ceyda Caglayan ISTANBUL – Some Turks are struggling to buy medicines as the industry warns that stocks are shrinking after an “unsustainable” crash in the lira has pushed up …
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– Mexico’s economy contracted 0.4 percent in the third quarter, receding faster than previously thought as services slumped and supply chain issues bit, challenging the central bank as it juggles …
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BEIJING – China’s banking and insurance regulator said on Wednesday that lenders should step up support to advanced manufacturers, self-reliant industries and supply chains. “Banks should resolutely cast away from …
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Dollar Tree announced Tuesday it is raising its prices, bringing the cost of its products over one dollar for the first time in 35 years. The dollar store will raise …
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Another cereal giant will increase prices for many of its popular brands earlier than expected, according to CNN. General Mills notified at least one of its major wholesale suppliers that …
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BERLIN – More than half of German companies doing business abroad are hit by severe problems in their supply chains or logistics, pushing them to diversify suppliers, shorten delivery routes …
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By Nqobile Dludla JOHANNESBURG – Spiralling shipping costs and COVID-19 supply chain disruptions are accelerating a shift by South African retailers to end their heavy reliance on Asia and move …
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– President Joe Biden is trying to attack U.S. inflation that recently hit a 31-year high and is eroding his popularity by blasting supply chain logjams and going after what …
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Acapella Seafood Co., an industry leader in sourcing South Florida’s freshest stone crab claws, is sharing this luxurious treat across the nation, just in time for Thanksgiving dinner. Acapella Seafood Co.’s fresh-caught …
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BRUSSELS – The European Union’s policy on state aid for the production of semiconductors will seek to avoid a subsidy race, and companies must aim for diversification to ensure a …