On Tuesday, Foxconn, the world’s largest contract chipmaker, said it expects the second half of this year to be “in a better direction” since COVD-19 lockdown appears to be easing in Shanghai. “We are quite confident in the stability of… Read More ›
supply chain
US witnessing highest inflation in four decades
Americans are seeing the highest levels of inflation in four decades. Earnings from retailers are showing a split in shopping patterns even as prices of everything ranging from toothpaste to TVs have curbed the spending habits of US consumers. While… Read More ›
India a big growth opportunity: Stellantis
In a statement Carlos Tavares, the CEO of automaker Stellantis said he expects India to be a profitable market and a big growth opportunity. Stellantis, which sells its Citroen and Jeep brands in India, expects revenues from India to more than… Read More ›
Global automakers switching from palladium to platinum citing Russia related supply risks
Following the Russian invasion of Ukraine, global automakers are accelerating efforts to use less palladium and more platinum due to supply worries from Russia, said the World Platinum Investment Council (WPIC) on Monday. In order to save money, automakers have… Read More ›
Wind turbine division of Siemens Energy facing strong headwinds from supply chain disruptions
On Wednesday, Siemens Energy warned of increased sales and margins pressure due to worsening problems at its wind turbine division Siemens Gamesa, which has been hit hard from supply chain disruptions. Results at Siemens Gamesa, which in January issued its third profit… Read More ›
US companies may have to disclose impact of Ukrainian war: SEC
In a statement the US Securities and Exchange Commission said its Division of Corporation Finance has told companies to disclose the impact of Russia’s invasion of Ukraine on their business, including nationalization of assets. In a guidance posted on its website, the… Read More ›
Apple starts iPhone 13 production in India
In a statement Apple Inc said, it has started making the iPhone 13 in India. The development sees the US tech giant reducing its reliance on its Chinese supply chain. According to a source, the iPhone 13 is being produced… Read More ›
Nike’s quarterly results expected to be lower than forecast: analysts
Ahead of Nike Inc’s quarterly results. Wall Street is expecting a gloomy outlook since sales of the sportswear giant in 2022 is expected to be significantly hit by rising COVID-19 cases in China and supply chain issues from the Russia-Ukraine… Read More ›
US supply chain of rare gas, critical for chipmaking, at risk of Russian retaliation over US threats of export curbs on Russia
According to sources familiar with the matter at hand, the White House has issued warnings to the chip industry to diversify its supply chain in case Moscow decides to retaliate against threatened U.S. export curbs by blocking access to key… Read More ›
Protesting Canadian truckers increase cost for Canada to change its COVID-19 mandate
In a statement Toyota Motor Corp said, production at its auto plants in Ontario has come to a grinding halt following truckers protesting Canada’s COVID-19 mandates which has caused a shortage of parts. “Due to a number of supply chain, severe… Read More ›
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