Supply Chain Crisis
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"No Eggs, No Eggs, No Eggs": Severe Rationing In US Stores Amid Bird Flu Crisis
More US grocery chains are implementing egg purchase limits as bird flu outbreaks continue to disrupt supplies, with California shoppers particularly feeling the squeeze through restricted purchases and early morning queues.
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Indian Ports Struggle With Massive Demand As Ships Re-Route Amid Red Sea Crisis
In the wake of vessel re-routings aimed at avoiding the Red Sea, bunker demand across ports in both India and Sri Lanka has witnessed a massive surge, highlighting a growing challenge for the maritime industry.
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Today's Fertilizer Shortage Is Tomorrow's Food Crisis: PM Modi At G20 Summit
Prime Minister Narendra Modi today cautioned the G-20 leaders that today's fertiliser shortage could become tomorrow's food crisis as he strongly pitched for maintaining a "stable" supply chain for both manure and food grains.
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Create Trusted Supply Chains, Give Each Other Full Transit Rights: PM Modi At SCO Regional Meet
Prime Minister Narendra Modi on Friday called on the Shanghai Cooperation Organisation (SCO) to create trusted and resilient supply chains to offset the disruptions caused by the Ukraine crisis and the Covid pandemic.
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Maruti Suzuki Says Chip Shortage Limiting Production Volumes; 51,000 Vehicles Not Produced in June Quarter
Maruti Suzuki was unable to produce 51,000 units due to the ongoing chip shortage in the June quarter, the company’s CFO Ajay Seth said on Tuesday. India's largest carmaker sold over 4.67 lakh vehicles in the same period, while the semiconductor crisis was said to present challenges in planning production activities. Maruti Suzuki’s supply chai...
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Samsung Warns of Weaker Chip Demand for Phones, PCs Amid Recession Worries
Samsung has earned its highest second-quarter profit since 2018 for the quarter ended June 30. Despite the strong position in the market, the company has cautioned about weaker chip demand from smartphone and PC makers as the purchase may go down amid recession worries. Samsung is expected to unveil its latest foldables on August 10.
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Toyota Warns Profit To Skid 20% As Raw Materials Costs Pile Up
Toyota Motor warned "unprecedented" hikes in raw material costs could slice a fifth off full-year profit, a clear sign the world's top automaker by sales can no longer shrug off the supply-chain crunch that has roiled the global industry.
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Food Crisis: Ukraine Grain Exports Via Poland, Romania Face Bottlenecks
Ukraine has established two routes through Poland and Romania to export grain and avert a global food crisis although bottlenecks have slowed the supply chain, Kyiv's deputy foreign minister said on Sunday.
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Watch: Water Cans Chained In This Delhi Locality As Crisis Deepens
With Delhi's water crisis worsening, desperate scenes came to the fore as people chained their cans together while filling those from water tanks.
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"Operation Fly Formula": US' Plan To Bridge The Gap Amid Supply Crisis
The US government will fly in baby formula on commercial planes contracted by the military in an airlift aimed at easing the major shortage plaguing the country, the White House said on Wednesday.
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Ford Reportedly Sells $214 Million Worth of Its Shares in Electric Truck Maker Rivian
Ford Motor has sold eight million shares of electric-car maker Rivian Automotive for $214 million, or $26.80 apiece, the US automaker said in a filing. Rivian is said to be struggling in a competitive market, including competition from Ford's F-150 Lightning electric pickup truck, while a supply chain crisis is limiting production at its plants.
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Apple Makes Easy Escape From Supply Crisis, But Others Like Tesla May Have To Wait
Companies from electric automaker Tesla Inc to wafer fabrication equipment supplier Lam Research have warned again that supply chain issues, which crippled several industries, would continue to limit production this year.
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Renault Relatively Confident For 2022 Despite Some Chip Supply Worries
Renault is "relatively confident" about its business year but still sees some problems over chips supplies which it expects to be felt mostly in the first half of 2022, said CEO Luca de Meo.
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China May Not Achieve Growth Targets Amid Covid Surge: Report
China's Zero-COVID policy and its highhandedness in handling the COVID crisis is causing hiccups in supply chains, delays at ports and lockdown in Shanghai which in turn is posing a grave threat to the country's economy.
-
Oil Falls To $104, On Course For Biggest Weekly Losses In 2 Years
Oil prices dipped in and out of the negative territory on Friday ahead of a meeting of International Energy Agency (IEA) member nations set to discuss a release of emergency oil reserves alongside a supply boost by the US.
-
"No Eggs, No Eggs, No Eggs": Severe Rationing In US Stores Amid Bird Flu Crisis
More US grocery chains are implementing egg purchase limits as bird flu outbreaks continue to disrupt supplies, with California shoppers particularly feeling the squeeze through restricted purchases and early morning queues.
-
Indian Ports Struggle With Massive Demand As Ships Re-Route Amid Red Sea Crisis
In the wake of vessel re-routings aimed at avoiding the Red Sea, bunker demand across ports in both India and Sri Lanka has witnessed a massive surge, highlighting a growing challenge for the maritime industry.
-
Today's Fertilizer Shortage Is Tomorrow's Food Crisis: PM Modi At G20 Summit
Prime Minister Narendra Modi today cautioned the G-20 leaders that today's fertiliser shortage could become tomorrow's food crisis as he strongly pitched for maintaining a "stable" supply chain for both manure and food grains.
-
Create Trusted Supply Chains, Give Each Other Full Transit Rights: PM Modi At SCO Regional Meet
Prime Minister Narendra Modi on Friday called on the Shanghai Cooperation Organisation (SCO) to create trusted and resilient supply chains to offset the disruptions caused by the Ukraine crisis and the Covid pandemic.
-
Maruti Suzuki Says Chip Shortage Limiting Production Volumes; 51,000 Vehicles Not Produced in June Quarter
Maruti Suzuki was unable to produce 51,000 units due to the ongoing chip shortage in the June quarter, the company’s CFO Ajay Seth said on Tuesday. India's largest carmaker sold over 4.67 lakh vehicles in the same period, while the semiconductor crisis was said to present challenges in planning production activities. Maruti Suzuki’s supply chai...
-
Samsung Warns of Weaker Chip Demand for Phones, PCs Amid Recession Worries
Samsung has earned its highest second-quarter profit since 2018 for the quarter ended June 30. Despite the strong position in the market, the company has cautioned about weaker chip demand from smartphone and PC makers as the purchase may go down amid recession worries. Samsung is expected to unveil its latest foldables on August 10.
-
Toyota Warns Profit To Skid 20% As Raw Materials Costs Pile Up
Toyota Motor warned "unprecedented" hikes in raw material costs could slice a fifth off full-year profit, a clear sign the world's top automaker by sales can no longer shrug off the supply-chain crunch that has roiled the global industry.
-
Food Crisis: Ukraine Grain Exports Via Poland, Romania Face Bottlenecks
Ukraine has established two routes through Poland and Romania to export grain and avert a global food crisis although bottlenecks have slowed the supply chain, Kyiv's deputy foreign minister said on Sunday.
-
Watch: Water Cans Chained In This Delhi Locality As Crisis Deepens
With Delhi's water crisis worsening, desperate scenes came to the fore as people chained their cans together while filling those from water tanks.
-
"Operation Fly Formula": US' Plan To Bridge The Gap Amid Supply Crisis
The US government will fly in baby formula on commercial planes contracted by the military in an airlift aimed at easing the major shortage plaguing the country, the White House said on Wednesday.
-
Ford Reportedly Sells $214 Million Worth of Its Shares in Electric Truck Maker Rivian
Ford Motor has sold eight million shares of electric-car maker Rivian Automotive for $214 million, or $26.80 apiece, the US automaker said in a filing. Rivian is said to be struggling in a competitive market, including competition from Ford's F-150 Lightning electric pickup truck, while a supply chain crisis is limiting production at its plants.
-
Apple Makes Easy Escape From Supply Crisis, But Others Like Tesla May Have To Wait
Companies from electric automaker Tesla Inc to wafer fabrication equipment supplier Lam Research have warned again that supply chain issues, which crippled several industries, would continue to limit production this year.
-
Renault Relatively Confident For 2022 Despite Some Chip Supply Worries
Renault is "relatively confident" about its business year but still sees some problems over chips supplies which it expects to be felt mostly in the first half of 2022, said CEO Luca de Meo.
-
China May Not Achieve Growth Targets Amid Covid Surge: Report
China's Zero-COVID policy and its highhandedness in handling the COVID crisis is causing hiccups in supply chains, delays at ports and lockdown in Shanghai which in turn is posing a grave threat to the country's economy.
-
Oil Falls To $104, On Course For Biggest Weekly Losses In 2 Years
Oil prices dipped in and out of the negative territory on Friday ahead of a meeting of International Energy Agency (IEA) member nations set to discuss a release of emergency oil reserves alongside a supply boost by the US.
