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Think Tank
Supply Chains in Crisis: Page 72
Chevron Still Plans to Ship Cargo Along Red Sea Route, CEO Says
The California-based oil giant is working with naval authorities in the U.S. and Middle East to move its cargoes through the region, said CEO Mike Wirth.
Michelin to Pause Spanish Production Due to Red Sea Crisis
Michelin suspended shifts at Spanish plants during the weekend of January 13 due to raw material delivery delays that arrive by sea from Asia.
World’s Biggest Uranium Miner Warns of Production Shortfall
Kazatomprom said January 12 that shortages of sulfuric acid and construction delays at newly developed deposits are creating production challenges that could persist into 2025.
U.S.-Owned Cargo Ship Near Yemen Hit by Missile
The situation is even causing a rise in demand for shipping containers in Asia as shippers and forwarders foresee cargo demand in the coming weeks.
Tesla Pausing German Factory Operations Citing Red Sea Disruptions
Tesla is one of the first companies in the world to disclose that Houthi militant attacks in the Red Sea caused the organization to suffer output disruptions.
UN Security Council Demands End to Red Sea Houthi Attacks
The resolution also called on the Houthis to release the Galaxy Leader, a Japanese-operated car carrier linked to an Israeli businessman that was commandeered by the group November 19.
Container Fleet Headed for Over-Capacity When Red Sea Situation Resolves
BIMCO says record deliveries could push container fleet above 30 million TEU in 2024, with another 3 million TEU scheduled to be delivered 2025-2026.
Toyota Motor Restarts Japanese Operations After Earthquake
Company president Koji Sato said Toyota is attempting to determine how its supply chain would be affected after suppliers Sumitomo Electric and Aisin suffered damage during the quake.
Loose Parts Discovered on Boeing MAX 737 9 Jets
The bolts designed to keep the plug from moving off the spots were missing, said NTSB investigators, who are trying to determine if the equipment was ever installed.
Germany Sticks to Subsidy Cuts as Farmer Protests Block Roads
Scholz defended the farmers’ right to protest, but warned about efforts by far-right groups to hijack demonstrations and destabilize the country.
Commercial Suez Canal Traffic Down Almost 60% Since Houthi Attacks Began
Since the Houthi attacks began, an estimated 181 vessels have been rerouted around Africa, while another 26 ships are opting to drift
U.S.-Led Military Coalition Issues Final Warning to Houthis
Some potential targets of the coalition's attacks could include launchers for anti-ship missiles and drones, as well as storage facilities for ammunition.
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