The need to know

The need to know for the week ending 14th May 2021

The need to know from Reuters’ global network of journalists

Pandemic propels makeover at shipping giant Maersk

Maersk is accelerating its plan to transform itself from a container shipping giant into an integrated logistics company following its strong performance during the pandemic, Chief Executive Soren Skou said on Tuesday.

Top U.S. fuel pipeline recovering from devastating ransomware attack

After a six-day outage, the top U.S. fuel pipeline on Thursday moved some of the first millions of gallons of motor fuels after a crippling cyberattack led to fuel shortages across East Coast states.

Too cold to handle? Race is on to pioneer shipping of hydrogen

Hydrogen is touted as an inevitable green fuel of the future. Tell that to the people who'll have to ship it across the globe at hyper-cold temperatures close to those in outer space.

Airbus puts supply chain executive at helm of loss-making A220

Airbus has appointed a senior internal supply chain executive to run its Canadian operation, with responsibility for trimming losses on the A220 jetliner series, in the latest in a series of management changes at the European aerospace group.

Siemens flags supply bottlenecks after raising guidance

Siemens increased its full year profit and sales outlook for the second time this year on Friday but warned about tightening supply chains as the post-pandemic recovery accelerates.

Linde, Keppel and others to study hydrogen supply chain in Singapore

Linde Gas Singapore Pte Ltd said on Wednesday it joined four other industry partners to explore the development of infrastructure to supply hydrogen to power data centres owned by Keppel Corp’s unit in the city state.

Chevron says refineries unaffected by Colonial outage but disruptions possible

Chevron Corp (CVX.N) said on Monday that operations at its two Gulf Coast refineries were unaffected by the shutdown of the Colonial Pipeline system, but supply disruptions could occur depending on the length of the outage.

Adidas hikes outlook despite lockdowns, supply chain issues

German sportswear company Adidas raised its 2021 sales outlook on Friday, saying it expects strong demand for new products despite ongoing lockdowns in Europe, supply chain challenges and political tensions.

Indian inflation eases, but COVID-19 curbs risk stoking prices

Indian inflation eased to a three-month low in April as food costs rose more slowly, but lockdowns to contain the country's raging coronavirus epidemic risk creating supply bottlenecks that could fuel price pressures in coming months.

Melrose warns chip shortage to hit auto business after strong recovery

Britain's Melrose Industries warned on Thursday its growth would be hit by a shortage of chips in the automotive supply chain as it recorded a rise in sales so far in 2021 thanks to a recovery in demand for cars and powder metals.

DP World says agrees with Ethiopia to develop trade corridor

Dubai’s DP World said on Thursday it had signed a preliminary agreement with Ethiopia’s transport ministry to co-develop logistics infrastructure in the East African state along a trade corridor connected to Somali semi-autonomous region Somaliland.

Taiwan says will work with EU, other democracies on chips

Taiwan will work with the European Union and other democracies to ensure a more "resilient supply" of crucial goods like semiconductors, President Tsai Ing-wen said on Monday, amid a chip shortage that has snarled the auto and other industries.

Delivery Hero's Berlin homecoming sets off food fight

Delivery Hero's plans to return home to Berlin set off a food fight on Wednesday as rivals Just Eat Takeaway and Uber Eats announced their own product launches in Germany.

Marathon working on other logistics to supply customers if Colonial outage extended

Marathon Petroleum can meet its supply commitments for now but is working to find alternative ways to ship motor fuels to the eastern United States if the Colonial Pipeline shutdown is extended, a company spokesman said on Monday.

Nikola may seal order for 100 EVs from port trucking firm

Nikola Corp said on Thursday it signed a letter of intent with port trucking firm Total Transportation Services Inc for trials and possible order of 100 vehicles from the electric-truck maker.

Workhorse shares skid as electric truck maker cuts production target

Shares of Workhorse Group Inc slumped 9% on Monday, after the electric truck maker reported quarterly revenue that was about a fifth of what Wall Street expected, prompting the company to slash its annual production target by nearly half.

Stellantis CEO sees chip supply crisis hitting carmakers 'hard and strong'

A global crisis in microchip supply was hitting the automotive industry “hard and strong,” Stellantis CEO said on Wednesday, and carmakers would have to completely rethink semiconductor supply chains.

China iron ore imports dip in April on shipping disruptions

China’s iron ore imports fell 3.5% in April from a month earlier, official customs data showed on Friday, as shipments from major suppliers were disrupted by inclement weather.

From elsewhere around the web:

Lumber Shortage Is the Latest to Exhibit Supply Chain's Impact.[SDC Exec]

Maersk pursues M&A for end-to-end logistics, moves to 'larger targets'.[Supply Chain Dive]

April freight trends jump, 2021 to be ‘extraordinarily strong year’.[Freight Waves]

What is green and blue hydrogen for the ports industry?[Port Technology]

'A great year for air cargo', which now makes up one third of airline business.[The Loadstar]

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