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Think Tank
Global Trade & Economics: Page 220
Walmart is Making Its First Move into the Metaverse with Virtual Worlds on Roblox
The retailer will unveil two immersive experiences on Roblox Corp.’s virtual platform. Walmart Land will feature fashion, beauty and entertainment items, while Walmart’s Universe of Play will showcase toys, the company announced.
Government Gambling with the U.K. Economy, Says Asda Chairman
"They have put the entire U.K. economy on the 3:30 at Epsom," said Sir Stuart Rose . "If it comes in, people will cheer but if it doesn't, people will be in a very difficult position indeed."
Aldi Boss: Shoppers are Switching in Droves
The boss of Aldi has said customers in the U.K. are switching to the discounter "in droves" as the cost-of-living crisis continues to hit struggling households.
Walmart Wants to Hire 40,000 Holiday Workers, Fewer Than Last Year
This year’s hiring plan signals less need for extra manpower, as U.S. consumers contend with the highest inflation in four decades.
Toyota Ends Carmaking in Russia, Seeing No Path to Restart Plant
The automaker suspended operations at its plant in Saint Petersburg in March along with peers including Nissan Motor Co. and Honda Motor Co.
Chinese Cargo-Data Network Poses Growing Risks, U.S. Analysis Says
A congressional advisory body is urging legislators to strengthen U.S. defenses against China’s growing control of digital information related to global shipping and cargo, warning it could undermine national security and businesses.
Record Shipping Costs Add to Auto Industry’s Supply Chain Woes
Earnings for freighters that move autos and industrial machines across the globe have surged to about $80,000 a day, the highest in data since at least 2000.
The African Supply Chain and Its New Trade Agreement
A new trade agreement can be Africa’s game-changer if stakeholders don’t miss the vital piece in the puzzle: the need for an efficient supply chain.
A World of Hurt — Updated CSCMP State of Logistics Report
The report is produced annually for the Council of Supply Chain Management Professionals (CSCMP) by global consulting firm Kearney.
Ford Stock Drops After Inflation Warning Adds to Gloomy Economic Commentary
The company said inflation is pushing supplier costs $1 billion higher than expected in the current quarter, joining the chorus of major corporations warning about challenges rippling through the economy.
FedEx Stock Tumbles After Warning on Economic Trends
The delivery giant’s shares fell on Sept. 16 in the biggest one-day percentage drop since FedEx went public in 1978.
FedEx CEO Says He Expects the Economy to Enter a "Worldwide Recession"
The CEO’s pessimism came after FedEx missed estimates on revenue and earnings in its first quarter. The company also withdrew its full year guidance.
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