Tag: Supply Chain
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Opinion: The expected recession hasn’t arrived, but higher inflation is sticking around
[ad_1] U.S. headline CPI inflation has had an impressive surge and an equally impressive reversal. Are Americans heading back to the good old days of persistent low inflation? Unpacking the trends in CPI and their causes suggests not, with important implications for all of us in the real economy. The rapid decline in headline inflation…
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U.S. companies told to adapt as Washington fights against forced labor in China
[ad_1] A focus on forced labor and enforcement actions to fight against it are “here for some time,” according to a U.S. Customs and Border Protection official. “It’s going to be a very different environment in the years to come,” said Eric Choy, executive director for trade remedy law enforcement for CBP’s Office of Trade. He…
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After I-95 collapse, FedEx and UPS work to minimize impact on supply chains
[ad_1] The collapse of an elevated section of Interstate 95 in Philadelphia on Sunday that has resulted in the closure of a stretch of the highway has sparked concerns about the effect on supply chains. Several lanes of I-95, a key highway that stretches from Miami to Maine, collapsed after a tanker truck caught fire…
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Nvidia CEO feels ‘perfectly safe’ sourcing from Taiwan’s TSMC amid China tensions
[ad_1] Nvidia Corp. Chief Executive Jensen Huang exuded confidence on Thursday that the chip maker has what it takes to navigate the geopolitical sensitivities of having most of its chipmaking capacity in a country that China recognizes as its own territory. At an event at Computex 2023, the ‘s Taiwan-born Nvidia NVDA co-founder told reporters…
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Daimler Truck first quarter profit jumps to €737 million
[ad_1] Daimler Truck Holding XE:DTG said Tuesday that net profit soared in the first quarter of the year due to improved global supply chains and strong demand. The German maker of commercial vehicles net profit jumped to 737 million euros ($811.1 million) in the quarter from EUR257 million a year earlier. Revenue rose to EUR13.20…
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Boeing says manufacturing issue with supplier could snarl 737 Max production; stock falls
[ad_1] Shares of Boeing Co. slid after hours on Thursday after the jet maker warned that a manufacturing hangup could snarl the production and delivery of “a significant number” of its 737 Max planes. Boeing BA stock was down 4% in after-hours trade. A Boeing spokesperson, in a statement, said that “a supplier” had notified…