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Supply Chains in Crisis: Page 77

Russia, Saudi Arabia Extend 1.3M Barrel/Day Oil Cuts to the End of 2023

The reductions are part of previously announced voluntary cuts led by Russia and Saudi Arabia totaling 1.7 million barrels per day.

Photo: iStock.com/tifonimages

IMF Warns Fragmentation Imperils Food Security, Green Transition

Minerals critical for the green transition and highly traded agricultural products are especially vulnerable to “geo-economic fragmentation,” the IMF said October 3.

Torun, Poland. Photo: Bartek Sadowski/Bloomberg

India to Cut Floor Price for Basmati Exports to Stay Competitive

The nation, which has curbed overseas sales of all grades of rice to control domestic food inflation, will reduce the minimum export price to $850 a ton from $1,200.

Ambala, India. October 2022. Photo: T. Narayan/Bloomberg

Retail Crime Led to Over $112B in Losses in 2022

The average shrink rate for the 2022 fiscal year grew to 1.6% from 1.4% in 2021, aligning with shrinkage rates seen in 2020 and 2019.

Photo: iStock.com/AndreyPopov

Indian Bodies Call for Temporary Pause on Rough Diamond Imports

The appeal only focuses on the voluntary suspension of importing rough diamonds, meaning Indian diamond manufacturers will be allowed to continue their operations without interruption.

Photo: iStock.com/joebelanger

India Rice Export Ban Is Fueling Risk of Social Unrest, UN Says

Prices of the crop, a staple for half the world, surged to the highest levels in almost 15 years after the globe's top shipper began curbing exports.

Ambala, India. Photo: Bloomberg

UAW Says It Made Progress with Ford, Plans More Strikes Against GM, Stellantis

Sources said that the strikes will likely expand to 38 additional GM and Stellantis facilities across 20 states, but expanded strike actions are not expected against Ford.

Detroit, Michigan. Photo: iStock.com/TennesseePhotographer

Russia Temporarily Bans Diesel Exports; European Prices Jump

The ban, which also applies to gasoline, came into force September 21 and doesn’t have a final date, according to the government decree.

Photo: iStock.com/Andrii Zorii

Chevron Accepts Australian Tribunal's Arbitration Terms to End LNG Strikes

A successful deal could end the strikes that started almost two weeks ago at plants that supply about 7% of the world’s liquified natural gas.

Alberta, Canada. Photo: iStock.com/jewhyte

Big Three Carmakers' Most-Exposed Parts Suppliers Stare Down $38B Hole

If the situation escalates, the car companies or their direct suppliers may have to support smaller companies in the supply chain to protect their production plans.

Photo: Bloomberg

Drought Restrictions in Panama Canal to Continue Into 2024

The daily limits have contributed to a backlog of 116 vessels waiting to cross, well above normal, but below the more than 200 ships that were stuck last month.

Photo: iStock.com/Federico Barbieri

First Grain Ships Arrive Using New Route to Ukraine

Officials said it was the first time civilian ships had reached a Ukrainian port since the collapse of a UN-backed deal with Russia.

Port of Chornomorsk. Photo: iStock.com/connect11

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