The need to know

The need to know for the week ending 9th October 2020

The need to know from Reuters global network of journalists

Roche ships supplies from Germany to plug UK tests shortfall

Swiss drugs and diagnostics group Roche is shipping supplies from Germany to help Britain’s National Health Service (NHS) fill gaps caused by a logistics glitch at a Roche warehouse in southern England, it said on Thursday.

Breakingviews - Guest view: CEOs learn value of long-term vision

Covid-19 disrupted global business in ways that took many leaders by surprise. S

EU must wean itself off Asia for key drug ingredients

European drugmakers will struggle to bring production back to the region, but the industry needs to diversify supplies to avoid shortages, a top EU official said on Wednesday, as worries grow about Asia’s dominance of the generic ingredients market.

U.S. trade deficit jumps to largest in 14 years in August

The U.S. trade deficit surged in August to the largest in 14 years with imports climbing again, suggesting that trade could be a drag on economic growth in the third quarter.

U.S. wholesale inventories revised to +0.4% in August

U.S. wholesale inventories rose less than initially estimated in August, suggesting inventories were likely to build slowly after sliding in the early months of the coronavirus pandemic.

Globalisation revised but not reversed by COVID

Commerce Secretary Wilbur Ross predicted in January the pandemic would “help accelerate” this type of re-shoring of jobs to the United States, while some policymakers even spoke of a wider retreat of globalisation as companies retrenched to deal with severed supply chains.

Top global traders push to cut shipping emissions

Some of the world’s biggest commodities and energy players on Wednesday launched an initiative to cut and track emissions from the ships they charter as efforts intensify to reduce the maritime industry’s carbon footprint.

Lopsided COVID-19 border rules cause headaches for busy Canadian factories

Some Canadian manufacturing executives are complaining that the country’s confusing and lopsided exemptions to strict COVID-19 border controls have hurt their sector’s competitiveness just as the country faces weaker growth and a resurgence in new infections.

Hyundai delivers first fuel cell trucks to Switzerland

South Korean carmaker Hyundai on Wednesday presented the first seven hydrogen-powered trucks to customers in Switzerland, out of 50 such vehicles scheduled this year to bring zero-emission commercial vehicles to European roads.

Toyota to develop fuel-cell electric truck for North America market

Japan's Toyota Motor Corp 7203.T said on Monday it would develop a heavy-duty fuel-cell electric truck with its subsidiary, Hino Motor Co, for the North American market.

Levi Strauss to expand retail footprint, sees revenue above estimates

Levi Strauss & Co LEVI.N announced plans to expand its retail footprint and forecast a smaller-than-expected decline in current-quarter revenue after surging online sales helped the denim maker post a surprise profit.

PREVIEW-Polish e-commerce group Allegro set for $12 bln stock market debut

E-commerce company Allegro is set to become Poland’s biggest listed firm when it debuts on the Warsaw stock exchange on Monday with an expected market value of around 44 billion zlotys ($11.6 billion), confirming a pick-up in the European IPO market.

Singapore says LNG bunkering capacity likely to hit 1 mln tonnes by 2021

Singapore’s annual liquefied natural gas (LNG) bunkering capacity is expected to hit 1 million tonnes by 2021, as the world’s largest marine refuelling hub transitions toward cleaner shipping fuels, a senior minister of state said on Tuesday.

Mars achieves 'deforestation-free' palm oil - what about the rest?

Chocolate maker Mars needs to help more palm oil producers become sustainable rather than ditching those that do not meet its standards, environmentalists said, after the confectionery giant announced it had secured “deforestation-free” supplies.

Shipping demand recovering but COVID to have long-term effect -Hapag-Lloyd

Chocolate maker Mars needs to help more palm oil producers become sustainable rather than ditching those that do not meet its standards, environmentalists said, after the confectionery giant announced it had secured “deforestation-free” supplies.

From elsewhere around the web

Capacity crunch could result in 700 million late parcel deliveries–Salesforce. [FreightWaves]

Cyber-attack victim CMA CGM struggling to restore bookings, say customers. [The Loadstar]

Amazon to deploy 10K electric last-mile vans en route to net-zero carbon. 9SupplyChainDive]

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