The need to know
The need to know for the week ending 11th September 2020
The need to know from Reuters global network of journalists
The United States and Taiwan said on Friday they were seeking “like-minded” democracies to join a shift in global supply chains during the coronavirus pandemic, as Washington looks to accelerate a move away from economic reliance on China.
China has unveiled a “dual circulation” strategy to cut its dependence on overseas markets and technology in its long-term development, a shift brought on by a deepening rift with the United States.
Proposed U.S. export curbs on SMIC threaten to derail China’s nascent but growing domestic semiconductor supply chain, and also hit American and Japanese companies who count the Chinese chipmaker as an important customer.
Europe has belatedly woken up to the fact it has a metals problem.
Foreign automakers are seeking delays and exemptions to India’s planned new quality rules for imported auto parts, arguing the regulations will increase costs, hurt sales and disrupt supply chains, sources with direct knowledge of the matter told Reuters.
A Swedish consortium aims to launch commercially by 2025 a wind-driven car carrier that will emit 90% less carbon dioxide than a conventional roll-on/roll-off (RoRo) cargo ship, it said on Thursday.
China will roll out a new package of policies to support hydrogen fuel cell vehicles to improve the industry’s supply chain and technologies, a government official said on Saturday.
General Motors Co GM.N and electric truck startup Nikola Corp NKLA.O will join forces to build electric pickup trucks and fuel cell commercial trucks to take on Tesla Inc TSLA.O, in a deal that lifted shares in both companies on Tuesday.
Delivery fleet operators face regulatory pressure in California and other states to buy electric vehicles, but a surge in package deliveries thanks to coronavirus lockdowns has major firms itching to switch to electric right now.
Indonesian logistics startup Waresix announced on Thursday it had closed a $100 million fundraising round from investors including Softbank Ventures Asia and Indonesian conglomerate Emtek (Elang Mahkota Teknologi).
Thailand’s JD Central plans to expand infrastructure and technology to support sellers after the coronavirus pandemic has boosted sales at the e-commerce platform, its chief executive said on Wednesday.
India's Reliance Industries Ltd RELI.NS has approached investors in its digital business about potentially buying stakes in its retail arm, two sources with direct knowledge of the matter said on Thursday.
Container shipping group CMA CGM on Friday reported higher second-quarter profits and said it expects results to improve again in the current quarter as the shipping sector recovers quickly from disruption caused by the coronavirus pandemic.
From elsewhere around the web
Walmart pilots drones to fly items to consumers’ doorsteps. [FreightWaves]
UPS to hire 100K seasonal workers to handle parcels for peak. [SupplyChainDive]
HMM and Samsung Heavy Industries to develop smart ships. [Port Technology]