Logistics News in 60 Words - Traqo.io (Page 69)

Peeling the Inflation Onion, Revisited

The New York Fed's mission is to strengthen the US economy and financial system. They execute monetary policy, provide financial services, supervise banks, and conduct research. They have launched the New York Innovation Center and provide resources for filing reports and submitting Freedom of Information requests. They also

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Huawei Mate 60 Pro’s Popularity Is Benefitting Apple’s Supply Chain, But Can Threaten The Company’s Market Share In China

Huawei's self-sufficiency has allowed it to bypass US sanctions and launch the Mate 60 Pro, which is selling well in China. The flagship phone benefits Apple's supply chain as Huawei procures the charging module from Luxshare Precision. Luxshare has also become a potential backup for Apple&

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The world needs cheap electric cars. That spells trouble for big carmakers

Ford Motor Company and other established automakers are lagging behind in the electric vehicle (EV) race, with Tesla and Chinese competitors like BYD and Xpeng leading the market. The gap between legacy carmakers and newer rivals is significant, with Tesla delivering over 1.3 million battery EVs in 2022 compared

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Plugged In: An EV Newsletter Volume 1 No. 7 | Dickinson Wright ...

The rapid increase in the number of EV charging stations on commercial properties has raised real estate questions. Different business models exist for charging station ownership and maintenance, such as the self-service model and the service provider model. The service provider model is more complex and raises various issues, including

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DR Congo wants to move up the battery supply chain

Zambia and the Democratic Republic of Congo (DRC) are aiming to process their own raw materials, such as cobalt, rather than simply exporting them. The two countries plan to set up a special economic zone to turn the raw material into preliminary products for the battery supply chain. Congo even

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G20 Summit in India: What Businesses Should Know

The G20 Summit in India focused on global market fragmentation and emphasized the need for coordinated responses. The African Union was admitted as a full member of the G20, highlighting the importance of Africa in international policy making. The summit also addressed disaster resilience, establishing a Disaster Risk Reduction Working

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Auto Cos. Warn Of Supply Chain Woes As UAW Strike Grows

Law360 offers a subscription service that provides access to daily articles on a wide range of legal topics. Subscribers receive features such as advanced search options and can try a 7-day free trial. Law360 also offers curated newsletters and may contact subscribers with information about other products and events. Privacy

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Governor Lamont Announces Connecticut Awarded $2 Million ...

The Connecticut Department of Economic and Community Development's Office of Manufacturing has received a $2 million grant from the U.S. Department of Energy. The grant aims to support the deployment of smart manufacturing technologies in Connecticut's supply chain, helping small and medium-sized companies reduce their

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Improperly Declared Dangerous Goods Putting Lives At Risk In The ...

The World Shipping Council (WSC) is addressing the issue of dangerous cargo that is not declared or mis-declared, which has caused fires and explosions on containerships and has resulted in casualties and total losses. To enhance safety measures, the WSC is developing a Cargo Safety Program that includes a digital

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Dairy Margin Coverage Program Provides Critical Support for Dairy ...

The United States government has announced a pilot program called the Farm Labor Stabilization and Protection Pilot Program (FLSP Program) to address workforce challenges in the food and agricultural supply chain. Agricultural employers can apply for grants of up to $65 million to improve resiliency. Additionally, dairy producers have received

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Uber Freight heralds various new customerfocused supply chain ...

Uber Freight, the trucking subsidiary of Uber, announced multiple updates and new services at its annual customer conference in San Diego. The company has invested $120 million in new products and logistics services since acquiring Transplace two years ago. With $18 billion worth of freight under management, Uber Freight aims

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Gamechanging endtoend omnichannel supply chain management solution launched by AVASK and KATA

AVASK Accounting & Business Consultants Ltd. and KATA Global Logistics have unveiled a new omni-channel supply chain management solution for e-commerce entrepreneurs. The solution aims to simplify the supply chain process and ensure compliance with local tax regulations. It includes services such as goods collection, shipment, customs clearances, and final-mile

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Q&A: Sensible Clean Energy in Farm Country

Iowa leads the nation in clean energy production through biofuels and wind power. The state produces one-fourth of the US fuel ethanol and one-fifth of biodiesel. Corn grown in Iowa is used for ethanol and livestock feed. Iowa also generates 62% of its electricity from wind turbines, creating jobs in

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Elon Musk Urges U.S. To Cut Reliance On Asia For Semiconductor Chips — 'Fear Of Running Out Is Causing Every Company To Overorder — Like The Toilet Paper Shortage But At Epic Scale'

Supply chain issues during the pandemic have cost automakers billions of dollars in 2021 and led some companies to build domestic manufacturing facilities. Tesla CEO Elon Musk highlighted the overordering of computer chips, a problem faced by many US tech firms that rely on Taiwanese contract manufacturers. To address national

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UPS to buy MNX Global Logistics as it grows healthcare portfolio

UPS is set to acquire MNX, a logistics and supply chain solutions company. This move is in line with UPS' strategic objective of becoming a top provider in healthcare logistics. The MNX deal will provide UPS with added technology and global reach, as MNX serves over 100 countries. UPS

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FBI warns energy sector of likely increase in targeting by Chinese ...

Increased changes in the global energy supply are expected to lead to increased targeting of critical energy infrastructure by Chinese and Russian hackers, according to an FBI notification obtained by Recorded Future News. Factors such as increased US exports of liquefied natural gas (LNG), changes in the global crude oil

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Secretary Antony J. Blinken With Mexican Foreign Secretary Alicia ...

During a security dialogue between the United States and Mexico, Secretary of State Antony Blinken expressed condolences for the passing of Senator Dianne Feinstein. The two countries discussed their shared vision for economic growth and collaboration, with a focus on strengthening supply chains and attracting investment in emerging industries. They

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Harvia to invest in supply chain resilience by acquiring Phoenix ElMec in Italy

Finnish sauna and spa company, Harvia, has acquired electromechanical timer manufacturer, Phoenix El-Mec, in order to strengthen its supply chain for sauna heaters. Phoenix El-Mec has been a long-standing supplier for Harvia, and its timer switches are a key component in Harvia's basic sauna heaters. The acquisition will

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Podcast | Will an Investment 'Supercycle' Spark the Revival of ...

Three recent funding measures may prompt manufacturers to move production from China back to the US. The investment initiatives - the Inflation Reduction Act, CHIPS and Science Act, and infrastructure funding bill - could trigger a rush of reshoring. Rising factory wages, punitive duties on Chinese imports, and concerns about

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How Mexico became the US' biggest trading partner

Mexico has surpassed China as America's top trading partner this year. The shift is driven by supply chain issues, "nearshoring," and geopolitical tension. Mexico's growth in industries such as automobiles and computer parts has contributed to this trend. However, there are concerns about Mexico&

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Governor Abbott Announces Historic $240 Million For Texas Seaports

Texas Governor Greg Abbott has announced that the Texas Transportation Commission has approved $240 million in funding for Texas ports. The funding will be used to increase trade, improve safety, and enhance the supply chain. $200 million will go towards port development and infrastructure projects through the Maritime Infrastructure Program,

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Analytics leader promotes benefits of AI in visit to campus

Shiva Kommareddi of Accenture visited Elon University as the first guest in the "Conversations with Analytics Leaders" speaker series. Kommareddi shared stories from his career and discussed the impact of Generative AI on supply chain and operations. Students expressed appreciation for the insights provided. The event was hosted

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The Next SupplyChain Challenge Isn't a Shortage — It's Inventory ...

Excess inventory is becoming a costly problem for the high-tech industry, as the market has experienced a slowdown in growth. Companies are now left with mountains of outdated components and are trying to dispose of them through various means. This excess inventory issue is not new and has occurred in

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Tillis, Brown Call on President Biden to Protect Textile and Apparel ...

U.S. Senators Thom Tillis and Sherrod Brown have written a letter to President Biden expressing concern about the negative impact of trade and economic trends on U.S. textile and apparel manufacturing. They urged Biden to convene an interagency meeting to identify problems and develop urgent solutions. The senators

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Nike Supply Chain Bets Supporting Flexible Channel Strategy

Nike is focusing on a customer-driven omnichannel approach, backed by supply chain strengthening and increased digital capabilities. The company's earnings call highlighted its growth driven by its direct-to-consumer business. The majority of consumers interact with Nike online, with physical shopping growing. Nike's mobile app saw high