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Global Supply Chain Management: Page 452

South Korean Government to Fund Shipbuilding

South Korea's finance minister has announced the government plans to support orders of 250 or more vessels by 2020 to help local shipbuilders. The government plans to establish a state-backed ship financing company with an initial capital of 1 trillion won ($871.73m) to help improve the financial health of Korean shipping companies.

Canada and E.U. Sign Trade Deal, Bucking Resistance to Globalization

The European Union and Canada signed a far-reaching trade agreement this week that commits them to opening their markets to greater competition, after overcoming a last-minute political obstacle that reflected the growing skepticism toward globalization in much of the developed world.

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Lawmakers Criticize Vehicle Cybersecurity Guidelines From U.S. Transport Agency

Guidance from the National Highway Traffic Safety Administration for improving motor vehicle cybersecurity has attracted criticism from lawmakers who said that mandatory security standards are needed.

Sc Security Risk 1 13

Cross-Border E-Commerce Booms in China

Cross-border e-commerce is growing in popularity - particularly in China, according to a new report from market research company eMarketer. By 2020, a quarter of the Chinese population, amounting to more than half of all the nation's digital buyers, will be shopping either directly on foreign-based sites or through third parties such as Alibaba's Tmall Global and JD.com's JD Worldwide, the report says.

E Commerce 3 03

Investigation Finds Syrian Children Working in British Stores' Supply Chains

Syrian child refugees have been found working in Turkish factories supplying British clothing chains, according to an investigation by BBC programme Panorama. Journalists said they found children in factories that were part of the supply chains of Marks and Spencer (M&S) and online retailer Asos.

U.S. Industrial Production Rose in September, Federal Reserve Reports

U.S. industrial production rose slightly in September, improving on August's decline but still showing the effects of low energy prices and the strong dollar. Output increased 0.1 percent in September after falling a downwardly revised 0.5 percent the previous month, according to the Federal Reserve. The gain was in line with economists' expectations, according to Reuters.

Chemicals Energy 3 07

Evergreen Line Enhances Asia-Australia Network

In hopes of offering shippers a more comprehensive service on Asia-Australia trade, Evergreen Line has announced a new joint North East Asia-Australia Express (NEAX) service. The Taiwanese container transportation and shipping company is teaming up with Orient Overseas Container Line, Mitsui O.S.K. Lines, "K" Line and YangMing Marine Transport Corp.

Hanjin to Halt E.U. Routes, Operations This Month

Hanjin Shipping's European routes services have completely halted, the company said last week, and a Seoul court overseeing its receivership process has approved winding down four of its European units.

U.S. Producer Prices Rose More Than Expected in September, Economists Say

Prices paid by U.S. businesses for goods and services increased more than expected in September, economists said, amid other signs that inflationary pressures may be increasing. The Labor Department said its producer price index was up 0.3 percent on a seasonally adjusted basis compared with August. Economists surveyed by The Wall Street Journal had expected a 0.2 percent increase.

Shoppers Will Pay More for Experiences, Retailers Claim

Americans increasingly would rather spend their money making memories - travel, sporting events, concerts, meals out - than on another outfit, retail consultants say. So, after years of choosing the speed and wide selection offered by big-box retailers such as Home Depot or online merchants like Amazon.com, customers are demanding higher engagement if they're going to buy something in a store.

Target Passes Walmart as Top Corporate Solar Customer

Target has surpassed perennial champion Walmart as the U.S.'s top corporate user of solar power, according to a new report. Target has installed 147 megawatts of solar capacity on 300 stores, according to the 2016 Solar Means Business Report from the Solar Energy Industries Association (SEIA).

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Airline Earnings Reports Point to Uncertain Growth Trajectory in U.S. Cargo

Of the three major American carriers to publish third-quarter results so far, only Alaska Airlines Cargo saw its cargo revenues increase, up 3 percent, year-over-year, to $31m - a fraction of its growing passenger revenue, according to earnings reports. Meanwhile, United registered a 4.7 percent decline in revenues, y-o-y, to $224m and, as previously reported, Delta continued its losing streak into the quarter, with revenues falling 15 percent, y-o-y, to $167m.

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