The need to know
The need to know for the week ending 19th November 2021
The need to know from Reuters’ global network of journalists
Wages for truckers and warehouse workers may need to rise to resolve shipping backups, the chairman of the U.S. Federal Maritime Commission, which oversees ocean transportation, said on Tuesday.
German container shipping line Hapag-Lloyd reported a more than 10-fold surge in nine-month net profit on Friday, citing record freight rates amid scarce transport capacity and rising transport volumes.
British baker and fast-food chain Greggs' has warned its vegan sausage roll was the latest product to succumb to supply chain disruption.
The bottles that Francisco Ibaibarriaga ordered from France to fill at his small Betolaza winery in La Rioja are just not going to arrive in time for Christmas.
Premier Foods, the maker of Mr Kipling and Cadbury cakes, plans to spend most of its earnings from the first half of the year on its supply chain, with the UK battling a shortage of food items as it comes out of the pandemic.
Walmart Inc shares on Tuesday suffered their biggest intraday drop since May after high labour and supply chain costs ate into quarterly margins, even as the world's biggest retailer raised its annual sales and profit forecast.
Joe Biden can look in the mirror for answers to supply-chain dilemmas. The U.S. president wants to ease bottlenecks but some of his own policies stand in the way.
U.S. oil producers are struggling to find enough crews, vehicles and equipment to take advantage of rising global demand and a seven-year high in crude prices, say executives at oilfield service firms.
Siemens expects supply chain problems that have hindered the industrial revival in the wake of the pandemic to ease next year, the engineering and technology company said on Thursday, as its fourth quarter sales and orders beat forecasts.
E-commerce bulls have been shown a red flag in Poland. InPost, which operates lockers used by people receiving parcels ordered online, on Wednesday lowered its sales forecast because e-commerce isn’t expanding as much as it anticipated.
European plane-maker Airbus secured a provisional debut order for seven A350 freighter jets from U.S. leasing company Air Lease Corp on Monday, stepping up efforts to challenge Boeing for a bigger slice of the booming cargo market.
Pent-up demand is expected to have boosted early holiday sales this year, but big discounters Walmart and Target may still see margins fall as surging costs for labour, warehousing and ocean and land freight threaten to play Grinch.
Corn prices in China have pushed to multi-month highs despite the advancing harvest after wet weather slowed crop collection just as record energy prices pushed up grain drying and logistics costs, analysts and traders said.
Ships in Chinese waters are disappearing from tracking systems following the introduction of a new data law in China, frustrating efforts to ease bottlenecks that are snarling the global economy, according to three shipping sources directly impacted.
Alphabet Inc’s Waymo said on Wednesday it is expanding its partnership with United Parcel Service Inc to move freight using autonomous trucks between two of the parcel delivery company’s Texas facilities during the holiday season.
Spain’s government is prepared to negotiate with truck drivers and believes a three-day strike called by an industry association in the run-up to Christmas can be averted, two ministers said on Thursday.
From elsewhere around the web:
GB Railfreight operating intermodal services from the Port of Tyne [Port Technology]
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