The need to know
The need to know for the week ending 5th March 2021
The need to know from Reuters’ global network of journalists
The Biden administration plans to allow a Trump-era rule targeting Chinese technology firms deemed to pose a threat to the United States to go into effect despite objections from U.S. businesses, the U.S. Commerce Department said on Friday.
Walt Disney Co will close at least 60 Disney retail stores in North America this year, about 20% of its worldwide total, as it revamps its digital shopping platforms to focus on e-commerce, the company said on Wednesday.
Leading shipping group Maersk Tankers is investing tens of millions of dollars in digital technology to speed up cuts in carbon emissions across the industry, its chief executive told Reuters.
Self-driving sensor startup Aeva Inc, founded by two Apple Inc alumni, has hired another former Apple executive to oversee manufacturing and supply chain operations ahead of an expected deal to become a public company later this month.
Supply chain finance firm Greensill Capital could file for insolvency within days, the Wall Street Journal reported on Monday, after Credit Suisse earlier said it had suspended $10 billion of funds that backed the London-based company’s lending operations.
German employers criticised Chancellor Angela Merkel’s ruling coalition on Wednesday for passing a law that obliges companies in Europe’s largest economy to take action against human rights violations at their foreign suppliers.
Britain’s Boohoo defended its supplier practices again on Tuesday after a Sky News report said the online fashion retailer faced the possibility of a U.S. import ban due to allegations over the use of slave labour in supplier factories.
Swiss logistics group Kuehne & Nagel International reported on Wednesday a slight increase in 2020 core earnings, with pharmaceuticals and e-commerce growth driving growth in a year marked by the coronavirus crisis.
Online retailer Amazon’s new Polish website went live on Tuesday morning, the company said, marking a significant intensification of competition in the country’s booming e-commerce sector.
As Amazon sets its sights on central and eastern Europe, the e-commerce giant will need to convince long-time Allegro shoppers like Elzbieta Modrakowska to click away from the region’s leading online marketplace.
Southeast Asian e-commerce and entertainment group Sea said on Tuesday it would launch a unit to manage its investments, as well as its own artificial intelligence labs.
Walmart-owned Flipkart will sell groceries online in more Indian cities, as it seeks to compete better with Amazon and Reliance in an e-commerce market that has grown rapidly during the COVID-19 pandemic.
DS Smith expects demand for its paper and fibre-based packaging supplies to continue growing in 2021, fuelled by a pandemic-drive boom in online shopping that will help the British firm deliver annual results in line with expectations.
Trading in 0.5% Marine Fuel Oil (MFO) and Wet Freight contracts hit record levels this month, a year after the introduction of cleaner global shipping rules, the Intercontinental Exchange (ICE) said on Friday.
Coffee processors in the United States, the world’s largest consumer of the beverage, are reporting significant cost increases in their operations, mostly related to transportation, and expect to raise retail prices soon.
Elsewhere around the web:
Coronavirus beams trucking, supply chain into an automated future. [Supply Chain Dive]
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