The need to know
The need to know for the week ending 13th May 2022
The need to know from Reuters’ global network of journalists
Boeing sees progress on 787, China, but supply chain risks loom
Boeing Co said on Wednesday it would study an equity raise after unlocking deliveries of its 787 and returning its cash-cow 737 MAX to service in China, but flagged supply chain risks amid broader certification and industrial problems.
Fed's Kashkari says supply chain progress key to avoiding recession
The Federal Reserve will have to raise interest rates more aggressively and risk a recession if supply chain issues don't begin to ebb, Minneapolis Fed President Neel Kashkari said on Friday, as he reiterated that policymakers are keenly watching how far rates will have to rise above the neutral level.
U.S. producers undo years of efficiency gains in fight for supplies
U.S. manufacturers are finding that their main weapon to fight supply chain snarls is greater inefficiency.
German industrial output falls more than expected in March
German industrial production fell more than expected in March as pandemic restrictions and war in Ukraine disrupted supply chains, making it difficult to fill orders, official data showed on Friday.
IKEA to spend 3 billion euros on stores as it adapts to e-commerce
IKEA retailer Ingka Group is spending 3 billion euros ($3.2 billion) through 2023 on new and existing stores, much of it to modify its trademark out-of-town outlets so they can double up as e-commerce distribution centres.
FedEx has 'lucrative backdoor' to bigger role in e-commerce, says Citi
FedEx Corp can boost its profit by $1 billion annually if the delivery giant leverages its ShopRunner buyout and its partnership with Microsoft to deepen its e-commerce presence and cater directly to customers, Citigroup analysts said on Monday.
China central bank to launch relending facility to aid transport, logistics
China's central bank said on Friday it launch a 100 billion yuan ($15 billion) relending facility to support the transport, logistics and storage sectors which have been hit hard by COVID-19.
Russia's Sovcomflot says it plans to sell part of its fleet
Russia's leading shipping company Sovcomflot plans to sell part of its fleet, it said on Friday, as it grapples with Western sanctions and seeks to repay outstanding loans.
Ship insurance claims to rise as Black Sea remains high risk area, Allianz says
Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine spills over into sea lanes, insurer Allianz Global Corporate & Specialty (AGCS) said in a report on Tuesday.
Aptiv Shanghai plant suspends some shipments after COVID cases - sources
Aptiv stopped shipping over the weekend some parts from a Shanghai plant that supplies Tesla Inc and General Motors Co after COVID-19 infections were found among its workers, two people familiar with the matter said on Monday.
U.S. importers turn to prayer and the President as West Coast port labour talks begin
For more than two years, Isaac Larian has used every available tool to overcome global supply-chain bottlenecks and keep retailers stocked with enough Bratz and LOL Surprise! dolls to meet pandemic demand.
U.S. trucking downturn puts pressure on independent operators - Uber Freight
A continued decline in on-demand trucking prices risks squeezing out tens of thousands of small operator-owned trucking companies that rushed into the market when rates were surging earlier this year, Uber Technologies Inc's head of freight said.
Diverging businesses: Uber vs Lyft in six graphics
Lyft Inc’s choice to stay on the narrow ride-hail road worries investors as its larger rival Uber Technologies Inc explores more profitable paths, such as becoming a food delivery giant during the pandemic.
EV maker Rivian stands by production target despite supply-chain snarls
Rivian Automotive Inc on Wednesday reaffirmed its annual production forecast of 25,000 units, saying ongoing supply chain disruptions and material costs prevented the electric vehicle maker from reaching its original target of 50,000 vehicles.
Exclusive: Tesla halts most output at Shanghai plant, April sales dive
Tesla Inc has halted most of its production at its Shanghai plant due to problems securing parts for its electric vehicles, according to an internal memo seen by Reuters, the latest in a series of difficulties for the factory.
From elsewhere around the web:
Robotic sorters raise throughput at DHL’s e-commerce division. [Supply Chain Dive]
Shanghai container volumes climb amid COVID-19 crisis. [Port Technology]
Russia’s isolation deepens as shipping lines make final port calls. [FreightWaves]
CMA CGM and Maersk ramp up decarbonisation projects. [The Loadstar]
‘Trade is holding steady’: Los Angeles port has yet to see impact of Shanghai lockdowns. [Supply Chain Dive]