Industries | SupplyChainBrain

Industries: Page 241

Wheat Climbs to Four-Month High as Traders Assess Russia Risks

Chicago wheat futures climbed to $7.56 a bushel in New York trading on June 26, putting prices on track for a 29% monthly gain, the biggest since 2015.

Bicske, Hungary. May 2023. Photo: Akos Stiller/Bloomberg

Japan Unveils $6bn Deal to Buy Out Chip Linchpin JSR

Government-backed Japan Investment Corp. plans to offer shareholders ¥4,350 ($30.40) a share in a tender offer around December 2023, the company said in a June 26 statement.

Kawasaki, Japan. June 2023. Photo: Bloomberg

Ford Battery Plants on Track to Receive $9.2bn Federal Loan

The money will be awarded via the Advanced Technology Vehicles Manufacturing Loan Program to BlueOval SK, a new joint business venture established by Ford and SK On.

Photo: iStock.com/gopixa

Biden Energy Subsidies Risk Distorting Critical Metals Market, UK Minister Warns

The Inflation Reduction Act has been a "huge challenge,” according to U.K. Business Minister Nusrat Ghani who said that the lure of the U.S. "distorts the market.”

Brazil. June 2023. Photo: Bloomberg

Austria Sees Need to Curb Russian Gas Reliance as Supply Risks Exposed

“It’s clear that we’re not far or fast enough down the path to eliminate Russian gas,” said Energy Minister Leonore Gewessler during a June 26 press briefing.

Leuna, Germany. January 2007. Photo: Katja Buchholz/Getty Images/Bloomberg

Boeing’s 737 Output at Risk With Key Supplier in Labor Turmoil

Boeing is looking at moving to a monthly 737 build rate of 42 jets before the end of 2023, said commercial chief Stan Deal.

Photo: Bloomberg

German €11bn Defense Orders Set for Lawmaker Approval

The German government reportedly plans on buying 60 Boeing Co. Chinook helicopters and three maritime surveillance vessels with almost $12 billion in funds.

Photo: Chung Sung-Jun/Getty Images/Bloomberg

How Aircraft Shortages Will Impact the Supply Chain This Summer

The aviation industry faces a potential aircraft engine shortage this summer, due to a number of factors.

Tampa, Florida. Photo: iStock.com/mokee81

Biden-Harris Administration Shares Plans to Strengthen U.S. Semiconductor Sector

The Department of Commerce plans on distributing over $50 billion in funds to semiconductor projects in the U.S., including $39 billion for semiconductor manufacturing incentives.

Photo: iStock/kynny

House Report Connects Temu and Shein to Import Violations, Forced Labor Practices

Temu and Shein utilized a special legal exemption to “avoid import duties and minimize the likelihood" that packages will be screened for UFLPA compliance the report said.

Photo: iStock.com/Andrii Koval

Eni Increases Gas Reach with $4.9bn Neptune Deal

The deal’s enterprise value is reportedly split into $2.28 billion for Neptune’s Norwegian assets, which go to Var Energi, and $2.6 billion for the rest.

Photo: Thor Oliversen/Bloomberg

BrewDog Chooses Kegstar for Steel Keg Supply Chain Programs

The deal will see Kegstar offer its kegs and services to Scotland, Germany and Australia with additional plans to expand across Western Europe at a later date.

Photo: iStock.com/Jurica Tomic

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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

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