TransForm Shared Service Organization, which oversaw cybersecurity as hackers took down systems at five Ontario hospitals, including Windsor’s, has ceased supply chain services for the targeted institutions. The agency has handed over that responsibility, along with $5 million of its annual operating budget and a third of its full-time staff, to a larger shared […]
Using firm-level data from the global supply network, researchers from the Complexity Science Hub (CSH) quantified countries' exposure to production losses caused by firm defaults in other countries. According to their findings, wealthy nations are only exposed to supply chain disruptions from other high-income countries, while poor and developing nations are exposed to shocks from all countries.
Offshore wind turbine manufacturer Vestas has signed a Memorandum of Understanding with A.P. Moller-Maersk, Jeonnam Province, and Mokpo City for supply chain investment in South Korea’s offshore wind energy sector.
Triplebar uses advanced technology to speed the production of more sustainable foods and create medicines to help solve urgent issues.
Argentina has requested to join NATO as a global partner, a status that would clear the way for greater political and security cooperation at a time when the right-wing government of President Javier Milei aims to boost ties with Western powers and attract investment
Apple CEO Tim Cook is in Hanoi, Vietnam for a two-day trip in which he is due to meet suppliers, app developers and students. Tim Cook (left) with musicians My Linh and My Anh in Hanoi Vietnam is one of the countries, along with India, that are benefitting from Apple's moves to reduce its over-reliance on China. As well as increasing manufacturing for AirPods and Apple Vision Pro, Apple has also moved some iPad development work there. According to local publication VNExpress, Cook ...
RTX and Lockeed Martin exceed Wall Street expectations for latest quarter amid wars in Gaza and Ukraine“Exceptionally strong” demand boosted sales at two US defense giants, the companies announced on Tuesday as geopolitical tensions flare in the Middle East and Ukraine continues to fight Russia’s invasion.RTX and Lockheed Martin exceeded Wall Street’s expectations for the latest quarter as conflicts including Israel’s war on Gaza prompted countries to bolster arms spending, both by striking new...
Ecommerce major Flipkart’s foray into quick commerce will be led by its senior vice president and group head of supply chain, Hemant Badri.The company is aiming to launch its quick commerce offering in July, ET had reported last week. It is in the process of setting up a chain of dark stores to do the same. Badri has spent just over three years at Flipkart. Prior to that, he was at fast moving consumer goods (FMCG) major Unilever for nearly 11 years, ending his stint there as vice president of...
President Javier Milei aims to boost Argentina’s ties with Western powers and attract investment.
The size of the investment has yet to be revealed
The global community should work together to build inclusive, reliable and reciprocal supply chain partnerships, so as to promote resilient, unimpeded and efficient GVCs and a more inclusive and sustainable global economic development.
The Next Global Hegemon Has To Be Even Larger Than The US By Michael Every of Rabobank "Where it will end is very much up for grabs." Yesterday’s manufacturing PMIs shouted “stagflation”, even if some heard “rate cuts”. German manufacturing was 42.2, French 44.9, and Eurozone 45.6, as services were 53.3, 50.5, and 52.9 - but Europe must now factor in logjams appearing at key ports due to unsold Chinese EVs and the knock-on effects of the Houthi’s blockage of Suez; the UK prints...