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
The mood among German exporters brightened in May despite supply chain problems looming over industry, according to a survey released on Tuesday.
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.
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.com 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.
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 & 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%.
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.
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.
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.
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'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.
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 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 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 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]
Freight Costs in the New Era [SDC Exec]