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Global Supply Chain Management: Page 163

Germany Nears $5.2bn Deal to Build Submarines in India

Thyssenkrupp AG’s marine arm and India’s Mazagon Dock Shipbuilders Limited are expected to jointly bid for the project worth an roughly $5.2 billion.

Thyssenkrupp Marine Systems exhibit at the Berlin Security Conference in Berlin, Germany on Nov. 30, 2022. Photo: Bloomberg

Republicans Ask SEC, Treasury About Cooperation on EU ESG Rules

Senator Tim Scott and Representative James Comer wrote in letters that an “EU-style climate regulatory regime” would harm the U.S. energy, agriculture and financial sectors.

U.S. Treasury Secretary Janet Yellen speaks with chairman of the SEC Gary Gensler in Washington, DC on Friday, December 16, 2022. Photo: Bloomberg

Saudi Arabia to Reduce Global Oil Supply Contributions

Starting July 2023, Saudi Arabia will begin cutting back its contributions to the global oil supply by at least 1 million barrels a day.

Photo: iStock.com/tifonimages

Europe Gas Prices Soars 20% as Market Shows Signs of Tightening

The region is still recovering from a historic energy crisis that was exacerbated by severe supply cuts from Russia in the wake of its war with Ukraine.

Vattenfall AB in Muiden, Netherlands on December 1, 2022. Photo: Bloomberg

Climate Change Threatens a World Without Doritos

Climate change is causing supply chain disruptions for several of the commodities that are used to make Doritos: corn, salt, sunflower oil and dairy.

Photo: iStock,com/hapabapa

Saudi Arabia and U.K. Ink Critical Minerals Supply Chain Deal

The deal will improve the supply chain resilience of minerals like copper, lithium, cobalt and rare Earth elements, which are vital to producing electric vehicles and solar panels.

Copper pipes. Photo: iStock.com/SimoneN

IPEF Talks Lead to Proposed 14-Country Supply Chain Agreement

The IPEF Supply Chain Agreement establishes a framework for long-lasting cooperation on issues like supply chain monitoring, investment promotion, workforce development and crisis response.

Photo: iStock.com/Seiya Tabuchi

Marubeni and Pembina Sign Low-Carbon Ammonia Supply Chain Agreement

Pembina and Marubeni will establish a large-scale low-carbon ammonia supply chain in Canada with access to Japanese and Canadian governmental support.

Ammonia in glass, chemicals in the laboratory and industry. Photo: iStock.com/Kittisak Kaewchalun

How Smart Contracts Could Play a Pivotal Role in Supply Chains

A major benefit of using smart contracts is that they can be drawn up in minutes rather than hours or days, as with traditional contracts.

Image: iStock.com/Visual Generation

Transportation and Infrastructure Committee Approves Several Supply Chain-Focused Bills

In total, the U.S. House Committee on Transportation and Infrastructure approved a package of 12 bills as well as five additional supply chain-focused measures.

Photo: iStock.com/hapabapa

Higher Mexican Wages Spell Trouble for Near-Shoring

The trend comes in part from the U.S.-Mexico-Canada Agreement (USMCA), which took effect in July 2020 as a replacement for the North American Free Trade Agreement.

Photo: iStock / natatravel

Ocean Freight Rates Drop to 2019 Levels

With more capacity from shipbuilders on the way, shipping companies have limited leverage in what’s become a buyers’ container market.

Photo: iStock.com/SHansche

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