Supply Chain Woes Put the Heat on Sriracha Production
Huy Fong Foods, the makers of the popular green-capped Sriracha sauce, has halted production due to a shortage of red winter jalapeños.
Navigating Unprecedented Drug Shortages in the U.S.
Drug shortages in the U.S. have hit a record high this year, with the American Society of Health-System Pharmacists (ASHP) reporting 323 active shortages.
Taiwan Earthquake Shakes Up Semiconductor Supply Chain
A massive 7.2-magnitude earthquake rocked Taiwan's eastern coast last Wednesday, causing not only tragic loss of life but also significant ripples in the semiconductor industry.
Navigating Drug Shortages in Transportation and Logistics
The U.S. is currently experiencing shortages of new weight loss drugs, including Zepbound and Wegovy, primarily due to soaring demand.
Taiwan Earthquake Shakes Up Semiconductor Industry
Taiwan's biggest quake since 1999 could jolt the semiconductor supply chain across Asia.
Maersk Adapts Shipping Routes as Panama Canal Faces Water Shortages
Shipping giant Maersk has informed clients that vessels carrying freight from Oceania (Australia and New Zealand) will no longer transit the Panama Canal due to ongoing low water levels caused by a severe drought.
Supply Chain Shifts Post-Pandemic Mean Longer Tender Lead Times and Diversification, but Lean Inventories Persist
Supply chain trends have shifted since the COVID-19 pandemic, with a focus on tender lead times increasing by 10-15%.
Diplomatic Efforts, Hostage Claims, and Biden's Dilemma: Escalating Crisis in Gaza
Western diplomats are seeking ways to provide emergency aid to Gaza and allow foreigners to leave for Egypt.
Novo Nordisk Raises 2023 Sales Outlook on Strong Demand for Wegovy and Ozempic
Novo Nordisk has raised its full-year sales and operating profit outlook due to high demand for its weight loss drug Wegovy and diabetes treatment Ozempic.
Aluminum Oxide Shortage Spurs Russia's Supply Chain Diversification Efforts
Facing an aluminum oxide shortage exacerbated by geopolitical tensions, Russia has been diversifying its supply chain for this critical raw material.
Report Reveals Tesla Depends on China for 39% of Battery Supply Chain
A recent analysis conducted by Nikkei Asia and Tokyo’s Fronteo has revealed that nearly 40% of the suppliers for materials used in Tesla's batteries are Chinese companies.
BMW warns of supply chain and inflation challenges in the future
German automaker BMW has raised its outlook but anticipates challenges ahead related to its supply chain, electrification trends, and inflation
Bipartisan Senate Bill Seeks to Strengthen Drug Supply Chain Through U.S. Manufacturing Prioritization
A bipartisan group of senators has introduced a bill aimed at strengthening the pharmaceutical supply chain by increasing drug manufacturing in the U.S. and allied countries.
Syphilis Emergency Looms in the U.S. as Drugs Run Low
A severe shortage of penicillin, the recommended treatment for syphilis, has U.S. health officials considering a public health emergency declaration.
The U.S. Chip Industry to Face Shortage of 67,000 Workers by 2030, According to Study
A study by the Semiconductor Industry Association (SIA) and Oxford Economics predicts that the U.S. semiconductor industry will face a shortage of around 67,000 workers by 2030.
Russia Targets Ukrainian Grain Warehouses in Drone Attack, Prompting Fears of Escalating Conflict
A drone attack conducted by Russia targeted more than 700 grain warehouses on the Danube River in Ukraine, damaging crucial infrastructure for Kyiv's grain export route.
Russia's Exit from Grain Deal with Ukraine Could Escalate Global Food Crisis and Food Insecurity
Russia's decision to withdraw from a grain export deal with Ukraine has escalated concerns about global food supplies and prices.
Wheat Prices Surge as Russia Attacks Ukraine's Grain Supplies
Wheat prices experienced a significant increase following Russia's actions targeting Ukraine's grain export infrastructure.
U.S. and EU Collaborate to Reduce Asia's Dominance in the Global Semiconductor Market
The U.S. and EU are taking steps to lessen Asia's stronghold on the global semiconductor market. With the shift of semiconductor manufacturing operations to major Asian countries, the U.S. and Europe have faced challenges in maintaining competitiveness.
China's Export Curbs on Metals Prompt Supply Chain Diversification
China's decision to restrict the exports of metals gallium and germanium, crucial for semiconductor manufacturing, could lead to countries diversifying their supply chains away from China.