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Global Trade & Economics: Page 195

GM, Samsung SDI Outline $3bn Spend on U.S. Battery Plant

Automakers and EV battery makers alike are increasingly rushing to make investments in North America in order to receive tax credits provided by Biden’s landmark climate change bill.

Samsung SDI automotive battery cells. Photographer: SeongJoon Cho/Bloomberg

LVMH Becomes First European Company to Reach $500bn Valuation

The new valuation puts the stake held by its chair and chief executive, Bernard Arnault, at $212bn – cementing his position as the world’s richest person.

Louis Vuitton Island Maison, Singapore. Photo: iStock.com/zhnger

Nearshoring Not So Easy After All

The approach has brought new costs and logistics hurdles for supply chains that are adding a new twist to globalization.

Photo: iStock / natatravel

Global Oil Benchmark Clears Hurdle as U.S. Ship Transfers Granted

The change will bring much-needed liquidity into the benchmark, which for years has been suffering from shrinking supplies.

Photo: Bloomberg

Tanker Company Moving Russian Oil Loses Insurance Over G-7 Cap

The P&I insurance that Gatik lost is important for vessels when they enter ports or sail through key waterways like Turkey’s ardanelles shipping straits.

Photo: Bloomberg

Global Supply Chains Are Operating More Efficiently, Report Finds

The report also found that global transportation costs have fallen below their long-term average thanks to lessening pressures on shipping, rail, air and road freight.

Photo: iStock.com/Nuthawut Somsuk

U.S., Colombia and Guatemala Sign Deal to Standardize Supply Chain Security

The U.S. Customs and Border Protection agency signed a deal with the Customs Administrations of Guatemala and Colombia to establish a standard set of supply chain security requirements.

Photo: iStock.com/danielfela

French Tycoons Enter Talks for $5.5bn Logistics Deal

Rodolphe Saade, the French billionaire at the helm of shipping giant CMA CGM SA, has made an unsolicited $5.5 billion offer to buy Bollore SE’s logistics arm.

Rodolphe Saade. Photo: Bloomberg

Despite Expected Delays, Airbus Reaffirms 2024 Production Targets

Airbus began notifying airlines about expected delivery delays that will take place in 2024 while remaining confident this doesn't indicate worsening supply chain issues.

An Airbus sign outside one of the factory buildings located at Broughton, England. Photo: iStock.com/Ceri Breeze

Half of Suppliers are Being Paid Late, Survey Finds

Late payments also add to the financial pressures impacting suppliers, with 42% saying they expect to face increased borrowing costs over the next 12 months.

Photo: iStock.com/IPGGutenbergUKLtd

Tim Cook Inaugurates First Apple Store in India

India is also rising as a manufacturing base for the iPhone as Apple diversifies its supply chains away from China.

Photo: iStock.com/lakshmiprasad S

Only 10 Electric Vehicles Qualify for Full $7,500 U.S. Tax Credit

The Biden administration did give automakers some wiggle room on the requirements, following an intense lobbying blitz after its passage in August.

Photo: Bloomberg

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

Recycled Tagging Fasteners: Small Changes Make a Big Impact

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Enhancing High-Value Electronics Shipment Security with Tive's Real-Time Tracking

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