Several of Australia's major lithium mines may be disqualified from US government subsidies due to high levels of Chinese ownership or processing. The US Department of Energy issued draft guidance defining a "foreign entity of concern" as any company more than 25% owned by Chinese, North Korean, Iranian, or Russian
Around 80 representatives from supply chain businesses in the north-east attended an event in Peterhead to learn about the opportunities associated with the proposed MarramWind floating offshore windfarm. MarramWind, a joint venture between ScottishPower Renewables and Shell UK, could be one of the world's first large-scale floating offshore windfarms and
Vietnamese manufacturer Huynh Duc has become a supplier for an American semiconductor company's plant in HCMC. The company has sought to professionalize its operations and cement its role as a reliable partner to foreign investors over the last decade. Although the company has made progress in its partnerships with foreign
Offaly-based company Samcon won the 'Supply Chain Partner of the Year - Fit Out Projects' category at the Sisk Supply Chain Awards 2023 in Dublin. The event brought together 900 people, including supply chain partners, sub-contractors, and suppliers. Sisk conducted research that showed an increase in sustainability awareness and engagement
European carmakers have secured just 16% of the lithium, cobalt, and nickel needed to meet their electric vehicle (EV) battery targets by 2030, according to analysis by Transport & Environment. Tesla and China's BYD were found to be ahead of their European counterparts in securing access to key raw materials. The
Many Western arms companies struggled to increase production in 2022 despite a rise in demand for weapons and military equipment, according to a watchdog group. Labor shortages, escalating costs, and supply chain disruptions worsened due to Russia's invasion of Ukraine. The Stockholm International Peace Research Institute reported that the world's
Tesla, General Motors (GM), and other companies have agreed to use a new database called Climate TRACE to track greenhouse gas emissions. The database, created by former U.S. Vice President Al Gore's global climate coalition, will use satellites and machine learning to monitor emissions from various sources worldwide. The
India and the US have agreed to strengthen cooperation in supply chain, semiconductors, pharma, critical minerals, and energy. The review of the India-US CEO Forum highlighted the commitment of industry leaders to expand bilateral commercial ties. Concrete initiatives will be announced at the next CEO Forum meeting in early 2024.
In October, construction spending in the US for manufacturing plants reached $18.5 billion, a 73% increase from last year. The construction boom, which began in mid-2021, has seen spending triple. Congress has passed subsidies for select industries to build factories, but the bulk of the funds will be disbursed
The US defense industry is struggling to keep up with global demand due to a lack of speed and responsiveness, according to a draft of the new National Defense Industrial Strategy. The report highlights that American companies cannot produce weapons quickly enough to meet the requirements of a major modern
Leading chocolate brands have faced criticism for failing to meet ethical standards in their cocoa supply chains. Only 17 out of 82 companies investigated by Ethical Consumer were found to use suppliers that paid cocoa farmers enough to live on, raising concerns about child labor. Ethical Consumer recommended brands such
Leading lithium-ion battery manufacturer EVE Energy showcased its cutting-edge consumer, power, and energy storage battery products at the China International Supply Chain Expo (CISCE) 2023 in Beijing. The company's focus on advancing green energy applications in smart homes, transportation, and the energy internet sectors demonstrates its commitment to low-carbon emissions.
Foreign direct investment in Southeast Asia reached a record $222.5bn in 2022. The region's political stability and large markets attract businesses from the US and China. Additionally, Southeast Asia's role as a buffer zone in the escalating US-China competition also contributes to the influx of investment. Vietnam is specifically
Procurement & Supply Chain LIVE 2023 showcased industry speakers discussing innovation and strategy. Alexander Tschentscher of Siemens emphasized the need for a strategic approach in supply chain excellence and highlighted Siemens' vision for a robust and environmentally responsible supply chain. Tschentscher introduced the concept of a strategic diamond as a tool
Official websites use .gov and .govSecure websites use HTTPS. The US Secretary of Defense Lloyd J. Austin III hosted a meeting with Deputy Prime Minister and Minister for Defence of Australia, Richard Marles, and the UK Secretary of State for Defence, Grant Shapps, to discuss the AUKUS enhanced defense and
The Biden-Harris Administration is prioritizing climate change as a major threat and is taking significant action to address it. They are urging other countries to accelerate climate action at the U.N. Climate Change Conference in Dubai and will announce new initiatives to achieve a resilient, 1.5°C future.
Chinese Foreign Minister Wang Yi called for increased high-level exchanges between China and Vietnam as well as improved security, economic, and maritime ties during a meeting in Hanoi. Wang's visit is seen as a precursor to Chinese President Xi Jinping's upcoming visit to Vietnam. Vietnam is China's largest trading partner
The "Warehouse Market in India 2023" report highlights the growth and trends in India's warehousing industry. The market is mainly dominated by unorganized players, with only 10% controlled by organized players. Private equity firms and Indian corporate developers are investing heavily in building industrial parks. The demand for efficient storage
China's logistics industry saw a boost in the first ten months of the year, with social logistics rising 4.9% to 278.3 trillion yuan. The growth was driven by improved import logistics and increased consumption during the holiday season. Logistics for industrial products increased by 4.1%, while logistics
Businesses are relying on efficient supply chain management to meet the demand for fast online shopping deliveries. An online master's degree in supply chain management can help professionals enhance their skills in designing and strategizing supply chain networks. Forbes Advisor Education has ranked the top programs based on affordability, student
The House Committee on Science, Space, and Technology Republicans held a hearing on the role of federal research in establishing a robust U.S. supply chain of critical minerals and materials. They discussed the importance of developing a domestic supply chain to reduce dependence on foreign sources, especially in light
Dell's Senior Global VP, Shirley Wu, has addressed rumors about the company "withdrawing its supply chain from China" and undergoing "de-Sinicization." Dell experienced a significant decline in PC shipments in China during Q2. Source: Link FAQ: Dell denies pulling supply chain from China - DIGITIMES Q: Has Dell pulled its
Foreign-Trade Zones (FTZs) can provide supply chain managers with stable results and healthy cash flow, especially during times of economic uncertainty. FTZs are designated areas in the US where imported goods can be stored, processed, or assembled without being subject to customs duties and taxes until they are officially imported