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Global Trade & Economics: Page 223

U.K. Imports Zero Fuel From Russia for First Time on Record

The U.K. imported no fuel from Russia in June for the first time on record, with fuel imports falling by £499 million — or 100% — compared with the average for the previous 12 months to February.

0109 Oil Giant Reveals Tactics

Apple to Cut New iPhone 14 Production Lag Between India and China

Apple is preparing to manufacture its new iPhone in India months earlier than it did previous models, because it wants to boost production outside China amid growing global tensions and supply chain disruptions in the country.

0416 Mass Productionofi Phones

Average Container Prices and Leasing Rates Decline in China Amidst Peak Season Shipping

Average container prices halved from August 2021; leasing rates declined by 17% from June to July this year. Further, China to Canada one-way leasing rates decline at the highest rate by 49 per cent as compared to China to any other country.

Source: Shutterstock

Europe’s Natural-Gas Crunch Sparks Global Battle for Tankers

Europe’s energy crisis is unleashing a global battle over liquefied natural-gas (LNG) tankers, with rates to charter the specialized ships jumping to record highs.

An LNG power ship undocks in Singapore. Photo: Bloomberg.

China’s Scorching Heat Leads to Power Cuts, Factory Disruptions

Water levels in the upper stretches of the Yangtze — a crucial source of hydro-power, transport and water for crops — are at the lowest level since records began.

0611 Chinese Exporters Dodge Tariffs

Weathering the Storm Through Supply Chain Partnerships

It takes solid partnerships to weather crises — or, for that matter, the day-to-day business of supply chain management. In this latest edition of our annual roster of 100 Great Supply Chain Partners, we present instances of true collaboration in the face of enormous challenges.

Scb Q3 2022 Cove Rcrop

Drought Devastates U.S. Cotton Harvest

Harsh weather patterns soon may be reaching into apparel supply chains. Southwestern cotton growers are abandoning millions of parched acres that they planted in the spring, reports The Wall Street Journal, sending prices sharply higher on forecasts for the weakest U.S. harvest in more than a decade.

Cotton ready for harvest. Photo: Bloomberg.

CHIPS and Science Act Will Strengthen Supply Chains and Counter China, Biden Claims

President Biden signed into law Aug. 9 the bipartisan CHIPS and Science Act of 2022, as part of an industrial strategy to revitalize domestic manufacturing, create good-paying American jobs, strengthen American supply chains, and accelerate the industries of the future.

Photo: Bloomberg

China Restarts Military Drills in Response to Latest U.S. Lawmakers’ Visit to Taiwan

China is resuming its military drills in the region following the surprise arrival of a new delegation of U.S. lawmakers, apparently aimed at demonstrating Beijing’s ability to mount a blockade of Taiwan.

A China and U.S. flag wave side by side in the wind. Photo: Getty.

Logistics Giant DSV Targets U.S. in Renewed Acquisition Drive

DSV CEO Jens Bjørn Andersen tells the WSJ that he’s looking to expand his reach in the U.S. as he revives a strategy that has helped build the Danish operator into the world’s third-largest freight forwarder.

Trucks on a highway.

Why Private Equity Investors Are Targeting the Chaotic Supply Chain Sector

With all the chaos that’s roiling logistics and supply chain service providers these days, it might come as a surprise to learn that deep-pocketed private investors are keen on the sector.

Dollars in cash.

U.S. Supplier Inflation Logs Slowest Pace Since Last Fall

A key measure of wholesale costs shows U.S. suppliers raised prices in July at the slowest annual pace since last fall, adding to signs that the rapid growth in production expenses that has helped fuel consumer inflation is easing.

A heavy goods vehicle drives down a highway at dusk. Photo: Getty.

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