Taipei — China’s zero-COVID policy, which has led to long lockdowns in major cities and suspended operations in factories, businesses and schools, is taking a bigger bite out of the country’s overall economic growth. Economic numbers from the country continue to paint a grim picture from the government’s policy aimed at eliminating all coronavirus cases.…
The widespread reversal of offshoring as a result of Covid-related disruptions to global supply chains is testing the skills of many procurement professionals to their limits and beyond. Yet, if they can manage the onshoring process successfully, they have a golden opportunity to make their chains more sustainable and resilient. In the decades leading up…
US pledges to ramp-up liquefied natural gas imports to EU; Poland cuts energy imports from Russia; sunflower oil shortage fuels palm oil ESG concerns Ukraine invasion & supply chain: Liquefied natural gas The US has offered a major expansion of natural gas shipments to European Union (EU) countries. In talks with European Commission (EC) President…
Intel’s announcement of plans to open two leading-edge semiconductor fabrication sites near Magdeburg, Germany, is a signal that the chipmaking giant plans to focus on safeguarding its supply chain against future geopolitical shocks. The company said on Tuesday that it plans to break ground on the Magdeburg facilities in the first half of 2023, with…
CargoNet® reports recording 1,285 supply chain risk events across the United States and Canada, a 15 percent decrease in activity year-over-year. Fifty-five percent of events involved theft of at least one heavy commercial motor vehicle, like a semi-tractor, semi-trailer, or intermodal chassis or container. Fifty-four percent of events involved theft of…
Ethereum miners are watching their Ether go up in smoke—just like the network intended. Bitcoin News reported that changes introduced by the London hard fork have resulted in more than $12,000 worth of ETH being destroyed every minute. The report cited a Dune Analytics dashboard called “Ethereum after 1559” that is tracking the amount of…
Both Microsoft and Apple’s latest earnings calls took place last night, with one major theme in common: the ongoing component shortage. Despite issues in the supply chain, there still appears to be strong demand for new devices. Microsoft, in its Q3 2021 call, saw mixed performance in its “more personal computing” segment, which includes Windows,…
When Intel announced its IDM 2.0 strategy in general and its European expansion in particular back in April, it did not reveal many details about the plan. However, now that the details have transpired, they look truly ambitious: up to $100 billion in investments in multiple states and spread out across multiple facilities. The Fab(s). Intel has…