The need to know
The need to know for the week ending 24th July 2020
The need to know from Reuters global network of journalists
Walmart Canada (WMT.N) said on the Monday it plans to spend C$3.5 billion ($2.58 billion) over the nextfive years to strengthen its e-commerce business, as the COVID-19 pandemic prompts a large-scale shift to online shopping.
France’s newly-appointed Environment Minister Barbara Pompili said on Thursday she would push to pause the development of warehouses used by online businesses such as Amazon, in a possible setback for the e-commerce giant.
Apple Inc (AAPL.O) said on Tuesday it plans to remove carbon emissions from its entire business, including its products and sprawling supply chain, over the next decade.
Walmart-owned Flipkart will buy the U.S. retail giant’s Indian cash-and-carry wholesale business as the e-commerce firm looks to strengthen its offerings for mom-and-pop stores, the company said on Thursday.
Shipping companies are still struggling to get hundreds of thousands of crew members back home after many months at sea despite pledges by countries to ease transit restrictions for seafarers, industry officials say.
Fashion retailer Boohoo Group Plc (BOOH.L) wrote a letter to UK Home Secretary Priti Patel, saying that the company is taking action to probe allegations of malpractice in its supply chain and that it asks for the government to take action as well.
Denmark’s A.P. Moller-Maersk, the world’s top container shipping firm, said on Wednesday it would stop accepting solid waste shipments bound for China and Hong Kong from September.
While a resurgence in coronavirus cases in Texas has brought many businesses to a screeching halt, eight robots have kept All Axis Machining’s metal fabrication facility in Dallas humming.
Testing of imported food for the novel coronavirus is pushing capacity at some major Chinese ports to their limit, major shippers told customers this week, warning of additional fees and possible diversions to other ports.
SoftBank (9984.T) has pulled a more than $500 million investment from Credit Suisse’s (CSGN.S) supply chain finance funds after the Swiss bank reviewed the funds including the Japanese conglomerate’s role, according to two sources.
Amazon.com Inc’s India unit has told sellers they must provide country of origin information on product listings by August 10, according to an email sent by the e-commerce giant to sellers, against a backdrop of brewing anti-China sentiment.
Norway’s Adevinta has won the auction to buy the bulk of eBay’s classified ads unit for nearly $9 billion, with the U.S. e-commerce firm planning to keep a minority stake, two sources familiar with the matter told Reuters on Monday.
Italian fashion house Giorgio Armani has struck a deal with online retailer Yoox Net-a-Porter (YNAP) to better integrate the luxury group’s e-commerce site with its network of physical stores, the two companies said on Wednesday.
Lockheed Martin (LMT.N) raised its full-year profit and revenue forecasts on Tuesday as the U.S. weapons supplier overcame coronavirus-driven supply disruptions to post higher quarterly sales in its aeronautics unit that makes the F-35 fighter jet.
Microsoft Corp (MSFT.O), Nike Inc (NKE.N), Starbucks Corp (SBUX.O), Unilever NV (UNA.AS) and five other industry titans from various sectors are teaming up to help businesses globally achieve zero carbon emissions.
Global insurers want to increase investments in commercial warehouses as their stakes in office space become riskier because of employees working remotely during the novel coronavirus pandemic, Goldman Sachs Asset Management (GSAM) executives said.
A fifth of EU soy imports from Brazil may come from land illegally deforested, according to a study released on Thursday that offers a detailed inventory of farms in the supply chain.
From elsewhere around the web
Gartner Survey Reveals 17% of Chief Supply Chain Officers are Women. [Supply and Demand Chain Executive]
RLS Logistics Announces Nationwide Expansion Plan. [Supply Chain Dive]
Container shipping C02 emissions continue to drop. [Port Technology]
South Carolina defies COVID-19 with steady volume. [Port Technology]
New Walmart facility set to increase volumes at SC ports. [Port Technology]
Shipping embraces decarbonisation start-ups. [Lloyd’s List]