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Global Supply Chain Management: Page 161

Saudi Output Cuts Will Tighten Oil Market Sharply, OPEC Data Signals

Global oil consumption will exceed supplies by roughly 2.7 million barrels a day during July 2023 based on a June 13 report from OPEC.

Dhahran, Saudi Arabia. December 2019. Photo: Tasneem Alsultan/Bloomberg

U.K.’s Centrica Warns More Gas Storage Needed for Energy Security

The CEO of Centrica, the U.K.'s largest natural gas supplier, said the partial reopening of the country's biggest gas storage facility isn't enough to ensure energy security.

Isle of Grain, U.K. August 2022. Photo: Bloomberg

American Trucking Association Believes the I-95 Collapse Will Impact Supply Chains

While an official timetable has not yet been established, Pennsylvania Governor Josh Shapiro said fixing the impacted portion of the highway could take "a number of months."

Photo: iStock.com/monticelllo

Germany Warns of Industry Shutdown if Russian Gas Stops Flowing

Vice Chancellor Robert Habeck said German policymakers should avoid "making the same mistake again" of assuming the economy will be unaffected by the Russian war in Ukraine.

German Economy Minister, Economy Minister Robert Habeck. Photo: Bloomberg/Omer Messinger/Getty Images

Support a Struggling Supply Chain with Digital Thread

When manufacturing, quality management and supply chain planning systems are all working synchronously, manufacturers are better equipped to adapt and respond to supply chain disruption.

Photo: iStock.com/Totajla

VW, Glencore Back $1bn SPAC Mine Deal to Secure EV Metals

According to a June 12 statement, London-listed ACG Acquisition Co. is buying the assets from the private equity firm Appian Capital Advisory.

Vale N4W. Parauapebas, Para state, Brazil. May 2023. Photo: Dado Galdieri/Bloomberg

Saudi Arabia Signs $5.6bn EV Manufacturing Deal with Chinese Company

The memorandum of understanding accounted for more than half of the $10 billion of investments signed by the Kingdom and China during the Arab-China Business Conference.

Flags of China and Saudi Arabia. Photo: iStock.com/Mo Semsem

In the Race to Electrification, the Humble Bus Is in the Lead

By 2032, about half of the world’s buses will be entirely battery-powered as will almost three out of four buses sold, according to BloombergNEF’s seventh annual Electric Vehicle Outlook.

Bogota, Colombia. April 2023. Photo: Bloomberg

Seven in Ten Supply Chain Professionals Still Experience Significant Challenges

In DispatchTrack's "2023 Supply Chain Perspective" survey, 72% of professionals said they're still experiencing significant supply chain challenges despite claims that the global crisis has improved.

Photo: iStock.com/sorn340

White House Claims Supply Chain Resiliency Has Improved Since 2020

The backlog of anchored vessels has decreased from 155 to roughly a dozen while 92% of goods in grocery and drug stores are in stock, exceeding pre-pandemic levels.

Photo: iStock.com/lucky-photographer

China to Host Country’s First International Supply Chain Exhibition

Almost 100 companies have reportedly signed up for the expo so far with over 300 businesses expected to attend the event in the late fall.

Photo: iStock.com/TexBr

China Lobbies EU Over Proposal to Punish Firms Supplying Russia

Chinese diplomats recently met with their European counterparts in Brussels and Beijing as part of a campaign to reportedly persuade officials to drop the Russian-based blacklist.

Blagoveshchensk, Russia. Photo: Bloomberg

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How a Leading U.S. Floral Distribution Company Reduced Warehouse Labor Costs by 45% with RFID

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