Global supply chain dynamics. The US is attracting foreign investment in the semiconductor industry, with companies like TSMC and SK Hynix planning significant investments. Despite the US implementing export controls on China, China is also adopting similar measures. This has led to shifts in global supply chains, with Mexico surpassing

Senior trade officials from South Korea and the United States discussed preparations for upcoming talks with Japan. Deputy Minister for Trade Yang Byeong-nae met with U.S. officials during a visit to Washington. The discussions included plans for a trilateral industry ministers' meeting and a Supply Chain and Commercial

US wheat farmers are struggling to break even in 2024 due to low prices and high costs. Winter wheat farmers in the Great Plains may lose money despite a good crop. Global grain oversupply and competition from Black Sea and European wheat are driving prices down. US farm income is

U.S. Treasury Secretary Janet Yellen warns that Iran's recent missile attack on Israel could lead to economic spillover, prompting further sanctions. Yellen vows to work with allies to disrupt Iran's destabilizing activities, denouncing the attack as a threat to regional stability. Existing sanctions already prohibit

EY helps clients create long-term value through data and technology-driven solutions. Their services focus on assurance, transformation, and growth in various industries. EY's purpose is to build a better working world by creating trust and value. They recently became carbon negative and prioritize audit quality. EY's

ADUSA, part of the Shrimp Decarbonization Initiative by Thai Union Group, aims to reduce greenhouse gas emissions in the shrimp supply chain. The program, developed with The Nature Conservancy, targets producing 1,000 metric tons of sustainably sourced shrimp. The shrimp will be traceable from hatchery to shipment and sold

Supply Chain Digital and Procurement Magazine recently published their Top 100 Women supplements, highlighting women leaders in supply chain and procurement. Augusta Vargas-Prada from Melco Resorts, Brenda Ong from Cushman & Wakefield, Michelle Shi-Verdaasdonk from Dyson, Maria Campbell from Goldman Sachs, Thina Wallin from Schneider Electric, Vandita Pant from BHP,

Will Drewery founded Diagon, a startup that helps manufacturers source equipment. He drew inspiration from his experience sourcing equipment for Tesla factories. The company uses AI to assist companies in identifying qualified suppliers and managing complex projects. Drewery's background includes working in the steel industry, consulting, and working

A new research report by the National Center for the Middle Market and the Center for International Business Education reveals that U.S. middle market companies are thriving in international supply chains. Revenue growth and cost savings are top benefits for sellers and purchasers, with expansion into new markets on

Recent missile and drone strikes by Iran against Israel have sparked calls in the US to tighten sanctions. However, President Biden faces challenges in curbing Iran's oil exports due to concerns over high energy prices and upsetting trade partner China. Despite strict US sanctions, China remains Iran'

TVS SCS North America has achieved the prestigious John Deere Partner-level Supplier recognition for 2023. The company was praised for its dedication to providing high-quality products and services, as well as commitment to continuous improvement. TVS SCS supports John Deere with various services and is part of the 'Achieving

Samsung Electronics Co. receives a $6.4 billion subsidy from the U.S. government to expand its semiconductor production in Texas. The funding aims to boost U.S. semiconductor production to 20% globally by 2030. The company plans to increase its investment to over $40 billion, constructing a new production

A recent study by ShipStation revealed that 73% of U.S. consumers utilize a combination of online research, physical store visits, and buy-online-pickup-in-store options before making purchase decisions. Al Ko, CEO of Auctane, emphasized the importance for retailers to be present across various platforms to provide a unified customer experience.

EY helps clients create value through services and solutions that build trust and facilitate transformation in the working world. They focus on innovative strategies in areas such as AI, technology transformation, and sustainability services. EY aims to bring together exceptional individuals to shape a better future. Through insights and services,

Sulzer invests over CHF 10 million to expand production capabilities in the U.S., strengthening supply chain partnerships and complying with the Build America Buy America Act. New production lines offer additional employment opportunities. Sulzer also commissions a facility in Portland, Oregon for BABA-compliant vertical turbine pumps. Division President Jan

White House trade chief Katherine Tai is considering reintroducing some Trump-era tariffs on Chinese imports to combat threats posed by China's trade and economic policies. Tai will address lawmakers about these concerns, focusing on dependencies and vulnerabilities in multiple sectors that harm American workers and businesses. The Biden

The U.S. needs to develop a domestic mining and rare metals supply chain to increase sourcing diversity and ensure resilience in supply chains for national security and economic stability. The Department of Defense is collaborating with rare earth miners and manufacturers to achieve a "mine-to-magnets" supply chain.

Australian government welcomes US military shipbuilder’s purchase order of Bisalloy Steel, boosting defense industry and local jobs. Bisalloy Steel to process Australian steel for Newport News Shipbuilding. Order signifies commitment to local industry and AUKUS partnership. Integration of Australian steel into supply chain to create more jobs. Australian Submarine

Procurement & Supply Chain LIVE New York will be virtually streamed on 5-6 June 2024, featuring keynotes and panels by industry leaders from Cognizant, AXA XL, City of New York, and Bosch. The event aims to connect like-minded peers and companies from across the US and Canada. Patricia Mendoza Rodriguez,

The U.S. plans to support infrastructure, semiconductor, and nickel processing projects in the Philippines to strengthen investment partnerships. Initiatives were announced as President Marcos Jr. visited Washington. The U.S., Philippines, and Japan will accelerate investments on the Luzon Economic Corridor. The U.S. is also supporting a grant

President Biden's national security spokesman, John Kirby, discussed Iran's attack on Israel on 'Fox News Sunday'. A bipartisan group in the House, led by Reps. Hinson and Slotkin, introduced new legislation to minimize China's influence on the U.S. food supply. The

Women in supply chain are paving the way for future generations by leading in investment, innovation, and strategic opportunities while supporting underrepresented groups. Taryn Thompson, Chief Finance Officer at Bank of America, has been integral to the company's operations. Procurement & Supply Chain LIVE connects global businesses for

A major company in the tobacco industry emphasizes sustainability in its supply chain management. With a focus on both tobacco leaf agricultural and non-agricultural materials, the company works with suppliers to improve environmental and social practices. They have identified hundreds of significant suppliers and support farmers in capacity building programs

Apple announced on its Vietnam website plans to increase spending on suppliers in the country, totaling nearly $16 billion since 2019. Despite some Chinese customers expressing uneasiness about Apple's manufacturing shifts to Vietnam and India, the company's presence in Vietnam has grown with major suppliers like

Industry Minister Ahn Duk-geun announced an agreement after meeting with U.S. Commerce Secretary Gina Raimondo in Washington. The discussions focused on trade, energy, and industrial issues, in line with efforts to strengthen trilateral cooperation among Seoul, Washington, and Tokyo. Plans were also made for the South Korea-U.S. Supply