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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

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

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

U.S. Steel Agrees to Be Bought by Japanese Rival After Long Takeover Saga

The acquisition is a further consolidation of the industry in the United States, which is now dominated by three major companies: Cleveland-Cliffs, Nucor and Steel Dynamics.

Photo: iStock.com/JerryB7

BP Suspends Oil and Gas Shipment through Red Sea

BP is the first oil company to directly halt its own shipping, after five major ocean carriers halted service through The Bab al-Mandab strait.

Gas prices are likely to rise because of disruption to shipping in the Arabian Gulf. Photo: iStock.com/jetcityimage

Shanshan Considers €1.3B Battery Materials Factory in Finland

Shanghai Shanshan Lithium Battery Material Technology Co. Ltd has reserved a plot to construct a plant in the GigaVaasa industrial zone on the western coast of Finland.

Photo: Bloomberg

TotalEnergies Building 216 MW Solar Plant in South Africa

The senior vice president of renewables at TotalEnergies, Vincent Stoquart, said that the venue will be made up of a solar plant as well as a 500-megawatt-hour battery storage system.

Photo: iStock.com/Bilanol

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