The need to know
The need to know for the week ending 25th September 2020
The need to know from Reuters global network of journalists
Britain told businesses on Wednesday to prepare for paperwork or face 100 km-long queues of trucks when the country fully leaves the EU next year, prompting accusations that the government was setting up industry to take blame for any chaos from a botched Brexit.
Volkswagen's VOWG_p.DE Traton commercial truck unit and self-driving technology startup TuSimple will partner to develop self-driving trucks, the companies said on Wednesday.
Shares of electric-truck maker Nikola Corp NKLA.O tumbled as much as 30% on Monday after founder Trevor Milton stepped down following claims of nepotism and fraud by a Wall Street short-seller that have drawn interest from U.S. regulators.
Danish shipping giant Maersk MAERSKb.CO said it will now transport ocean cargo between the United Arab Emirates and Israel, a further sign of business opening up after the two countries established full ties.
Shopify Inc said on Tuesday data of customers who shopped at fewer than 200 merchants listed on the company’s e-commerce platform was likely exposed after two employees tried to steal transaction records.
Strong online sales and demand from Chinese shoppers and students heading back to school are expected to have helped Nike swing back to a profit in the first quarter, a sequential improvement from the surprise loss it posted in July, according to Refinitiv.
China’s Ant Group submitted documents to the securities regulator for registration of the Shanghai portion of its IPO, the city’s bourse said late on Tuesday, moving a step closer to a planned dual-listing expected to be worth about $35 billion.
German aviation startup Volocopter has teamed up with logistics group DB Schenker to deploy its heavy-lift drones, in a project that will gather vital practical flying experience before its air taxis enter service.
Amazon.com Inc AMZN.O, the world's biggest online retailer, announced the launch of a climate-friendly program on Wednesday to help customers shop for sustainable products, as part of its commitment to be net carbon neutral by 2040.
Shipping group CMA CGM has agreed to buy a 30% stake in French airline company Groupe Dubreuil Aero as it continues to extend its presence in non-maritime transport.
Chinese telecom giant Huawei Technologies said on Wednesday its supply chain was under attack from the United States and called on Washington to reconsider its trade restrictions which were hurting suppliers globally.
Government departments and other public bodies in Britain will have to take action to ensure their suppliers do not engage in modern slavery under measures announced on Tuesday.
China, the world’s biggest automobile market, rolled out fresh policies to support hydrogen fuel cell vehicles to improve the industry’s supply chain and technologies, the finance ministry said on Monday.
German trade with its eastern neighbours began recovering in July after the devastation the coronavirus pandemic caused to ties between the highly integrated economies of central Europe, but only in the case of Poland was there a return to growth.
There is no need for shoppers to panic buy grocery supplies after Britain imposed new restrictions to stem a second wave of COVID-19, the boss of the country’s biggest supermarket said on Wednesday.
From elsewhere around the web
Alibaba and Tencent Kick the Tires on a New Idea—Keeping China’s Jalopies on the Road. [The Wall Street Journal]
Container shortage crisis spreads to India delaying exports. [The Loadstar]
Lowe’s to roll out parcel lockers nationwide. [FreightWaves]
ACT Research: Spot rates up 30% as shippers fight for trucking space. [SupplyChainDive]To get all the latest supply chain news into your inbox every week, sign up to our newsletter here!