General SCM | SupplyChainBrain

General SCM: Page 413

Shipbuilder Samsung Ordered to Pay $290M Over Defects

Samsung Heavy Industries said an arbitration tribunal ruled during the week of December 12 that SHI must pay $290 million to SHIKC1 Shipholding S.A. and SHIKC2 Shipholding S.A.

Klaipeda, Lithuania. Photo: iStock.com/Natallia Pershaj

EasyJet Shareholders Approve $20B Plane Order

The British low-cost airline held a general meeting with shareholders December 19 in Luton, London to get approval for its largest aircraft order yet.

Luton, U.K. Photo: Bloomberg

Companies Will Embrace Near- and Friendshoring Over the Next Five Years

Sixty-three percent of survey participants said they are planning to restructure their supply chain over the next five years.

Photo: iStock.com/DINphotogallery

White House Hosts First Meeting of Supply Chain Resilience Council

While most supply chain disruptions have dissipated, continued challenges led to the White House giving supply chains another bump in the news cycle with its inaugural meeting of the Council on Supply Chain Resilience.

Photo: iStock.com/lucky-photographer

AI and the Supply Chain: What’s in Store in ’24?

The transportation and logistics industry is still lagging far behind other sectors in taking basic steps toward automation of manual processes.

Photo: iStock.com/Angkhan

China Produces Over Half the World’s Deadweight Tonnage

China’s shipbuilding output increased by 12% year-on-year to 38 million dwt during the period running from January 2023 to November, making up50.1% of the planet’s total output.

An LNG carrier vessel. Photo: iStock / nikkytok

Container Lines Rerouting Ships Away From Suez Canal in Response to Red Sea Missile Attacks

Every major commercial shipping line is rerouting vessels away from the Suez Canal in response to the recent series of missile attacks by Houthi militants in the Red Sea.

Suez Canal. Photo: iStock.com/IgorSPb

IANA Adds Call to Reopen El Paso & Eagle Pass Crossings

IANA said the prolonged closure will disrupt the equilibrium that is indispensable to the smooth functioning of the freight supply chain.

Train tracks skirt the U.S.-Mexico border wall near El Paso. Photo: iStock.com/halbergman

Nominations Opened for WIT 2024 Driver of the Year Award

The finalists and the award winner will be recognized at the 2024 Salute to Women Behind the Wheel in Louisville, Kentucky on March 22, 2024.

Photo: iStock.com/ronnachaipark

U.S. Semiconductor Manufacturing Bill Makes It Through Senate

The bill would allow the U.S. Department of Commerce’s SelectUSA program to develop new strategies to attract foreign investment to the U.S. semiconductor manufacturing sector.

Photo: iStock / William_Potter

Railroads Urge Border Officials to Reopen U.S.-Mexico Crossings

“While the company understands this is a complex humanitarian crisis, most migrants are not crossing the border on trains,” Union Pacific said in a statement.

Bridges Crossing the Rio Grande in Eagle Pass, Texas. Photo: iStock.com/halbergman

U.S. Announces New Task Force to Counter Houthi Red Sea Threat

The attacks in the Red Sea, which handles about 12% of world trade as a key waterway for goods and energy, have emerged as a fresh threat to global supply chains.

Image: iStock.com/PeterHermesFurian

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