Procurement & Supply Chain LIVE 2023 brought together industry experts to discuss supply chain sustainability. One notable discussion was on the implementation of shadow carbon pricing and carbon impact modeling. The speakers emphasized the importance of data and the Internet of Things in monitoring vehicle emissions and optimizing sustainability initiatives.

North Korean hacking group Diamond Sleet has been found distributing a trojanized version of a legitimate application developed by Taiwanese company CyberLink. The malware is being spread through a supply chain attack, impacting over 100 devices across Japan, Taiwan, Canada, and the US. The second-stage payload establishes connections with command-and-control

Vintage Wine Estates Inc. has appointed Farzana Shubarna as the new Vice President of Operations as part of its turnaround plan. Shubarna, a veteran in global consumer goods production, will focus on improving efficiency and performance at key production facilities. Vintage Wine Estates has been undergoing a reorganization and simplification

Industry sources believe that the upcoming AMD MI300 GPU could provide competition for Nvidia in the AI sector, potentially reducing Nvidia's dominance. Additionally, subscribers have the option to save their login details for convenience when accessing a site. Activating this function saves the password on the user'

US companies, including Amazon, Apple, Intel, and Tesla, are showing great interest in the upcoming China International Supply Chain Expo. Despite tensions and calls for supply chain "decoupling" from the US, the expo aims to showcase China's manufacturing chain and establish itself as a platform for

Manitex International, Inc. reported strong third-quarter results, with a 10% increase in organic revenue driven by growth in the Lifting Equipment segment. Despite some macroeconomic uncertainty, the company is seeing strong demand and limited inventory levels from customers, indicating favorable dealer restocking trends in the coming quarters. The backlog declined

Acushnet Holdings Corp. reported a 6% increase in third quarter sales to $593 million, with adjusted EBITDA up 14% to $99 million. Titleist Golf Balls and Golf Clubs were the key drivers of growth, with Golf Balls up 6% in the quarter and 16% year-to-date, and Golf Clubs up 18%

China's Commerce Minister, Wang Wentao, expressed support for Micron's expansion in China during a meeting with the company's CEO. However, it remains uncertain whether China will lift its ban on Micron's memory devices used by government-controlled agencies and critical infrastructure. Micron has

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

The global smart warehousing market is expected to reach USD 40.5 billion by 2028, with a compound annual growth rate (CAGR) of 14.6%. Factors driving this growth include the rise of multi-channel distribution networks and a focus on sustainability in logistics operations. The market offers opportunities in various

Apple has announced its new MacBook Pro lineup featuring the M3 family of chips. The 14-inch MacBook Pro with M3 starts at $1,599 and offers improved performance and capabilities for everyday tasks, pro apps, and games. The 14- and 16-inch models with M3 Pro and M3 Max provide even

McDonald's reports better-than-expected earnings and revenue for Q3, with price increases offsetting a decline in traffic to US restaurants. The company's strategic pricing and marketing campaigns, as well as digital and delivery orders, contributed to sales growth, while remaining competitive in terms of affordability and value.

Governor Dan McKee of Rhode Island has announced over $1.5 million in funding for projects that support the expansion of local food production and distribution. The Resilient Food Systems Infrastructure (RFSI) Funding will be available for activities including processing, storage, and transportation of specialty crops, dairy, grains, and aquaculture.