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Over 1.3M Jobs Supported Through Supplier Diversification in 2023

Companies generated $104 billion of income and $31.4 billion in tax revenues through diverse and small supplier spending over the past 12 months.

Photo: iStock.com/Stella_E

ArcelorMittal Signs $2.7B Natural Gas Supply Deal with Mexico’s CFE

ArcelorMittal said that the contract would provide its operations in Lazaro Cardenas in the state of Michoacan with gas from Waha, Texas.

Saint-Denis, France. Photo: iStock.com/HJBC

Toyota Recalling 1M Cars Over Airbag Defect

The recall covers several types of Toyota and Lexus vehicles in the U.S. from 2020 to 2022, including Avalons, Camrys, Highlanders, RAV4s, Siennas and Corollas.

Toyota Highlander. Philadelphia, Pennsylvania. March 11, 2018. Photo: iStock.com/helen89

Red Sea Crisis Disrupts Ikea, Abercrombie & Fitch Shipments

Ikea said it’s looking for other options to secure the availability of its products, many of which normally pass through the Red Sea and the Suez Canal.

Photo: iStock.com/Berezko

Ocean Shipping Gears up to Meet Low Carbon Fuel Target

The International Maritime Organization’s goal is that near-zero greenhouse gas emission fuels shall represent at least 5% of the energy used by shipping in 2030, while striving to hit 10%.

Photo: iStock / audioundwerbung

Orsted to Go Ahead with Building Giant U.K. Offshore Wind Farm

The final investment decision on the 2.9-gigawatt project shows that the offshore wind industry is picking back up after a crisis year.

Photo: iStock.com/vice_and_virtue

U.S. Chipmaker to Sell Chinese Factories to Local Company

North Carolina-based Qorvo said that it had signed an agreement to sell its circuit assembly operations in Beijing and Dezhou to the iPhone assembler Luxshare Precision Industry.

San Jose, California. Photo: iStock.com/Sundry Photography

How Generative AI Promises to Transform Procurement

As the landscape of supply chains grows increasingly complex and data-driven, the role of artificial intelligence becomes more critical in streamlining procurement processes.

Photo: iStock.com/Udomdech Jaroenthanaporn

Ocean Freight Rates Likely to Spike Because of Red Sea Crisis

Almost a fifth of global container trade has already diverted away from the Red Sea and Suez Canal.

The long and more expensive way is around the Cape of Good Hope. Photo: iStock.com/Felipe Meneses

Almost Half of New Passenger Cars in the EU are Electric

New car registrations in the EU increased by 6.7% during November, marking the 16th straight month of growth and a 13.3% year-on-year boost in terms of EVs registered.

Photo: iStock.com/SouthWorks

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

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Photo: iStock/Anastasiia Yanishevska

How a Leading U.S. Floral Distribution Company Reduced Warehouse Labor Costs by 45% with RFID

Recycled Tagging Fasteners: Small Changes Make a Big Impact

Mobile geolocation service for track delivery, cargo shipment and freight transportation. Logistic Import Export business (Elements of this image furnished by NASA)

Enhancing High-Value Electronics Shipment Security with Tive's Real-Time Tracking

Franchise business e-commerce online e-marketplace or digital marketing branch expansion for growth or use technology to analyze product consumer data website management plan for sale service concept.

Moving Robots Site-to-Site