The need to know

The need to know for the week ending 27th May 2022

The need to know from Reuters’ global network of journalists

German exporters cautiously optimistic in May despite supply issues, survey shows

The mood among German exporters brightened in May despite supply chain problems looming over industry, according to a survey released on Tuesday.

Deutsche Bank links Henkel supply chain financing to ESG ratings

Deutsche Bank (DBKGn.DE) said on Thursday it had linked its supply chain financing for Henkel (HNKG_p.DE) to environmental, social and governance (ESG) ratings of the German consumer goods group's suppliers in the first move of this kind in Europe.

EXCLUSIVE Two senior Grab executives quit as company rejigs unit to stem losses – sources

Two top executives at Grab Holdings' fintech business have quit, adding to other senior departures in recent months, as the Southeast Asian ride-hailing and delivery firm rejigs the key unit at the loss-making group, two sources said.

Amazon opens first physical fashion retail store Inc (AMZN.O) said on Wednesday it had opened its first brick-and-mortar clothing retail store, as people start to venture out to shop following easing COVID-19 curbs.

Can blockchain offer solutions for cross-border trade and supply chain disruptions?

As financial markets have taken a hit in recent weeks, cryptocurrencies have especially been under fire since their values appear to have devalued faster than traditional assets.

Deere's supply chain issues hit revenue, shares plunge

Deere & Co (DE.N) on Friday missed Wall Street revenue targets and said it was having difficulty securing parts for its heavy machinery, sending shares down 14%.

UK's Johnson Matthey expects supply chain volatility to hit annual profit

British chemicals maker Johnson Matthey Plc (JMAT.L) forecast 2022-23 operating profit at the lower half of market estimates on Thursday, as supply disruptions due to China's lockdowns and component sourcing from Ukraine hurt its auto customers.

Wind turbine supply chain won't get easier, Siemens Energy CEO says

 Supply chain issues in the wind turbine industry look unlikely to improve, Siemens Energy's (ENR1n.DE) chief executive said on Monday, increasing its eagerness to take over its Siemens Gamesa unit and start a turnaround quickly.

UK car production falls 11% in April on chip crisis, supply chain snags

Britain's car production fell 11% in April due to persistent chip shortages and supply chain issues, made worse by the Ukraine crisis, the UK auto trade association said on Thursday.

SoftBank-backed logistics firm Delhivery valued at $4.9 billion in India debut

Shares of Delhivery, an Indian logistics startup backed by SoftBank Group (9984.T), rose as much as 7.6% in their market debut on Tuesday, giving the company a valuation of 379.60 billion rupees ($4.89 billion).

British entrepreneur Nick Candy mulls offer for e-commerce firm THG

British entrepreneur Nick Candy's investment vehicle on Thursday said it was in the early stages of making a possible offer for THG (THG.L), weeks after the e-commerce company disclosed that it had rejected "numerous" bids.

Cold beer to your door: brewers in Latin America go direct

With COVID-19 lockdowns normalising home delivery of everything from fast food to aspirin, brewers are tapping into a lucrative new sales format - delivering cold beer on demand to consumers still gathering at home with friends even as bars reopen.

Russia and Iran discuss swapping supplies for oil and gas, goods logistics

Russia and Iran have discussed swapping supplies for oil and gas as well as setting up a logistics hub, Russian Deputy Prime Minister Alexander Novak said on Wednesday, as Moscow is challenging Western sanctions over its military operation in Ukraine.

Poland interested in trans-shipping LNG through Portugal

Poland would be interested in cooperating with Portugal on potential LNG trans-shipping, Prime Minister Mateusz Morawiecki said on Friday, adding that gas could be sent to other countries to help them cut their dependence on Russia.

Egypt expects Suez Canal revenues to hit $7 billion by end of fiscal year

Egypt expects the Suez Canal's revenues to reach about $7 billion by the end of the current fiscal year, finance minister Mohamed Maait said on Saturday.

From elsewhere around the web:

Small parcel carriers nearly double volume, revenue in 2021: Pitney Bowes. [Supply Chain Dive]

Early peak season on way as Transpacific supply chain capacity booms. [Port Technology]

Amazon and Walmart count the cost of empty shelves and too many staff. [The Loadstar]

Russia tanker business is alive and well. Oil exports ‘remain strong’. [FreightWaves]

Freight Costs in the New Era. [SDC Exec]

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