Local Black political leaders are calling on President Joe Biden to push for higher standards in the electric vehicle industry. The officials want to extend recent union gains to electric vehicle plants and prioritize compensation, safety, and health for workers. They are concerned about low pay and weak unions in

American Axle & Manufacturing Holdings, Inc. reported a miss on earnings expectations for Q3 2023, with reported EPS at $-0.11 compared to expected $-0.04. The company cited supply chain challenges, labor availability issues, and the UAW work stoppage as factors negatively impacting sales and profitability. Despite these challenges,

Alamo Group Inc. reported strong financial results for Q3 2023, despite challenges such as inflation, higher interest rates, and labor constraints. The company achieved record sales and earnings for the eighth consecutive quarter, with a 14% increase in net sales compared to last year. Gross margin also expanded by 220

President Harold Daggett has warned union members to be prepared for a potential coast-wide strike ahead of an International Longshoremen's Association conference. Grants were given to the Port of Wilmington for its container terminal and to Tacoma and Long Beach for better truck and rail access. Spot rate

Chinese government publication, the Global Times, celebrates China's dominance in the electric vehicle and battery supply line, particularly in the United States. They highlight Gotion's EV battery factories in Illinois and Michigan as examples of China's expected preeminence in the US market. These projects

Establishing a semiconductor-manufacturing industry in Australia is crucial for the country's global position. It requires a significant investment to enhance supply-chain security and advanced technologies. With a strong semiconductor industry, Australia can produce chips for various sectors and reduce vulnerability to supply-chain disruptions. The government needs to formulate

The term "de-risking" has become a new buzzword in the West when discussing China. It refers to reducing dependence on China in supply chains and value chains while getting rid of China-related threats. The United States has used "de-risking" as a tool to exert pressure and

New Jersey's plans to become a leader in offshore wind have fallen through, as developer Ørsted canceled two of the state's offshore wind projects. Now, New York and other Northeastern states must step up to meet President Joe Biden's energy goals. New York, with

Australian submarine company ASC has extended its supply chain partnership with MacTaggart Scott Australia (MTSA). The new contract will provide greater security to MTSA and its suppliers, benefiting over 70 companies. MTSA, a subsidiary of MacTaggart Scott, supports the manufacture of naval defence systems and has changed its supply chain

China's economic growth has started to slow down, impacting forecasts for future growth. The country's economy is expected to expand by 5.0 percent in 2023 and 4.7 percent in 2024, lower than pre-pandemic levels. Weakness in exports and the real estate market, along with

Schools across the United States are preparing for a shortage of half-pint milk cartons due to a supply chain problem. Pactiv Evergreen, the leading manufacturer of milk cartons, has faced higher than expected demand for its products. Some school districts have implemented backup plans, such as providing small bottles of

The food and beverage industry is focusing on sustainability and addressing climate and social concerns. It is important for organizations in this industry to reduce emissions in the supply chain, gather resources to feed a growing population, and provide nutritious food. Collaboration among farmers, suppliers, and small-to-medium enterprises is crucial

The US government has tightened controls on chip-making tools, revealing China's lack of chip-making equipment despite progress towards self-sufficiency. The export controls include restrictions on gear needed for key processes in semiconductor wafer fabrication. The US has also made changes to the de minimis rule, giving it long-arm