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Global Supply Chain Management: Page 157

Hungarian Minister Warns Against China 'De-Risking'

“Political leaders in Europe... are interested in so-called decoupling or de-risking. Which, to be honest, according to our understanding, would be [economic] suicide,” said Hungary’s Foreign Minister.

Photo: iStock.com/Oleksii Liskonih

Japan Reinstates South Korea as a Preferred Trading Partner

The restored status will take effect July 21, 2023, according to a June 27 statement from Japanese trade minister Yasutoshi Nishimura.

Yoon Suk Yeol (left) and Fumio Kishida (right). Tokyo, Japan. March 16, 2023. Photo: Kiyoshi Ota/Bloomberg

European Gas Advances as Market Focuses on Outages, Hot July

"Temperatures above the norm across Europe could potentially increase energy demand for cooling purposes,” said Energi Danmark in a note.

Photo: Oliver Bunic/Bloomberg

Sinking Global Trade Hurts Asia, Helps Western Countries

In May 2023, exports from South Korea were down 11% over the last 12 months when compared to levels recorded during September 2022.

Photo: iStock.com/NicoElNino

China Prepares to Sell Cotton from Reserves on Supply Concerns

China imported just 490,000 tons of cotton during the first five months of 2023, half the amount compared to the same period in 2022.

China. April 2011. Photo: Nelson Ching/Bloomberg

Żabka Group Unveils Automated Logistics Center in Poland

Following the opening of this facility, Żabka’s logistics network now consists of eight logistics centers as well as 19 transshipment terminals.

Wroclaw, Poland. June 2022. Photo: iStock.com/Dmitri Zelenevski

Orders for U.S. Business Equipment Increase for a Second Month

The value of core capital goods orders increased by 0.7% during May after a downwardly revised 0.6% gain during April 2023, according to Commerce Department figures.

Charlotte, North Carolina. August 2017. Photo: Luke Sharrett/Bloomberg

Japan Unveils $6bn Deal to Buy Out Chip Linchpin JSR

Government-backed Japan Investment Corp. plans to offer shareholders ¥4,350 ($30.40) a share in a tender offer around December 2023, the company said in a June 26 statement.

Kawasaki, Japan. June 2023. Photo: Bloomberg

Ford Battery Plants on Track to Receive $9.2bn Federal Loan

The money will be awarded via the Advanced Technology Vehicles Manufacturing Loan Program to BlueOval SK, a new joint business venture established by Ford and SK On.

Photo: iStock.com/gopixa

Almost a Third of Transportation Executives Are Women, Survey Finds

Of the 470,000 total drivers assessed for the 2023 Women in Trucking Association Index, roughly 13.7% (64,390) of them are women.

Photo: iStock.com/Smederevac

Austria Sees Need to Curb Russian Gas Reliance as Supply Risks Exposed

“It’s clear that we’re not far or fast enough down the path to eliminate Russian gas,” said Energy Minister Leonore Gewessler during a June 26 press briefing.

Leuna, Germany. January 2007. Photo: Katja Buchholz/Getty Images/Bloomberg

Biden-Harris Administration Shares Plans to Strengthen U.S. Semiconductor Sector

The Department of Commerce plans on distributing over $50 billion in funds to semiconductor projects in the U.S., including $39 billion for semiconductor manufacturing incentives.

Photo: iStock/kynny

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