supply
G-7 Summit to Push for Global Supply Chain ‘De-Chinaization,’ Expert Says
The Group of Seven (G-7) finance leaders recently pledged to increase global supply chain diversification, with an expert describing the move as “de-Chinaization”. The G-7 Finance Ministers’ meeting in Niigata, Japan, ended on May 13, laying the groundwork for the G-7 Leaders’ Summit in Hiroshima from May 19 to 21. According to a Reuters report, […]
Biden Admin Proposes Reducing Water Supply From Colorado River Basin Amid Drought
The Biden administration has proposed a federal mandate to reduce the supply of water to 40 million Americans who live in western states dependent on the Colorado River Basin to address long-term severe drought and low run-off conditions. The actions were part of a draft report by the Department of the Interior’s (DOI’s) Bureau of Reclamation. […]
Japan Signs Agreements With US to Secure Defense Supply Chains
The United States and Japanese defense chiefs signed two memorandums of understanding on Jan. 12 to expand cooperation in advanced technologies and defense supply chains as both nations seek to step up their alliance. U.S. Secretary of Defense Lloyd Austin and Japanese Defense Minister Yasukazu Hamada signed the agreements during a meeting at the Pentagon, […]
Wall Street Boosts Oil Price Forecasts After OPEC+ Supply Cuts
Wall Street investment banks have raised their price forecasts for oil after OPEC+ moved to slash production by around 2 million barrels per day and squeeze supply in a snub to the Biden administration and its pleas to the cartel to pump more crude. While the White House reacted negatively to OPEC’s decision by accusing […]
Japan Warns of Tight Power Supply Amid ‘Extreme’ Heatwave
Japan’s government issued a tight power supply warning on Monday, urging its citizens and businesses to conserve electricity as the country faces an extreme heatwave. The Ministry of Economy, Trade, and Industry issued the warning in anticipation of a spike in electricity demand, particularly between 4 to 7 p.m. local time on Monday, when the […]
Will India Sugar Export Limits Impact US?
Export bans may help countries keep supply and prices in check at home, but they’re pushing up prices for countries that import the products. NTD spoke to Ross Kennedy, founder of Fortis Analysis, about food protectionism and whether the United States will be impacted.
IEA: Biggest Oil Supply Crisis in Decades
Three million barrels per day is at risk in the oil market because of Russian sanctions and buyer reluctance. The International Energy Agency (IEA )said Wednesday that those disruptions are threatening to create a global oil supply shock.
Conflict Ceases Half of World’s Neon Supply
Semiconductor chips, and their battered supply chain, seem to be at risk. Neon is a gas that’s crucial to semiconductor-making, and half of it comes from two companies in Ukraine—two companies that recently halted production.
Canada to Supply Anti-Tank Weapons to Ukraine, Ban Russian Oil Imports
OTTAWA—Canada will supply anti-tank weapons and upgraded ammunition to Ukraine to support its fight against a Russian invasion, Prime Minister Justin Trudeau said on Monday, and it will ban imports of Russian crude oil. “Canada will continue to deliver support for Ukraine’s heroic defense against the Russian military,” Trudeau told reporters in Ottawa. “We are […]
Global Supply Chain Crisis Deteriorates During Lunar New Year, Beijing Winter Olympics
The Chinese New Year holiday, which lasted nearly one week, along with the Beijing Winter Olympics and the Communist ruling regime’s “zero tolerance” epidemic policy might exacerbate the global supply chain crisis amidst severe disruptions in global shipping, expects said. Container tracking platform Container xChange said in a late January survey that 66 percent of […]
Monoclonal Antibody Remedy Supply Limited
A key treatment for COVID-19 is in short supply in the United States. It’s been a year since monoclonal antibody therapies were authorized. This has some people asking whether the government’s focus on vaccines is sidelining this treatment.
No Supply Issues With Ivermectin: Pharmaceutical Supplying PRINCIPLE Oxford Trial
The New Jersey pharmaceutical company supplying ivermectin to a UK trial that was paused for a short period of time, says there are no supply issues with its pills. Ivermectin is being investigated as part of the government-backed Platform Randomised Trial of Treatments in the Community for Epidemic and Pandemic Illnesses (PRINCIPLE) in the United […]
Biden Declares Victory Over the Christmas Supply-Chain Crisis From the White House
President Joe Biden declared ahead of a White House task force meeting on Dec. 22, that his administration’s efforts to eliminate supply-chain bottlenecks ahead of the holiday season had succeeded. Biden met with his Supply Chain Disruptions Task Force, which consisted of administration officials and the CEOs of large private-sector companies. The task force was established […]
Biden Meets Major Retailers to Discuss Supply Chain During Holidays
President Joe Biden met with CEOs of major U.S. retailers in a Cyber Monday roundtable to discuss the supply chain crisis amid rising prices and growing concern that products may not be available during the holiday season. “The business leaders gathered here today represent a broad swath of American shopping,” Biden said in his opening […]
NTD Business Full Broadcast (Nov. 9)
Prices paid to producers stay as high as they’ve been for decades. Gasoline was up almost 7 percent in the last month alone. General Electric is announcing it’s splitting itself into three different companies after years of its stock underperforming. How could splitting up help? The supply chain crisis is affecting the pharmaceutical industry. Over […]
Industry Groups Urge Flexibility in Biden Vaccine Mandate or Risk Crippling ‘Already Strained Supply Chain’
A coalition of business groups—including key supply chain stakeholders representing industries like foodservice, trucking, and warehousing—have called on the Biden administration for flexibility in its COVID-19 private employer vaccine mandate or risk exacerbating the supply chain crunch. A Nov. 3 open letter, signed by nearly 100 groups—such as the Agriculture Transportation Coalition, American Trucking Associations, […]
Fed Sees Timing of Supply Chain Crisis Fix ‘Highly Uncertain’
Federal Reserve Chair Jerome Powell said Wednesday that he expects a normalization of the supply chain snarl that has led to shortages of key production materials and helped push inflation up to a 30-year high, but the timing of the fix remains “highly uncertain.” Powell made the remarks in a speech (pdf) following the conclusion […]
US Supply Constraint Indicator Shows Shortages Near 20-Year High
A new indicator of supply-side constraints developed by Bloomberg Economics indicates that U.S. supply shortages remain close to a 20-year high. The Bloomberg Economics composite measure of supply constraints hit a two-decade high of 2.41 in June, inching down slightly to 2.19 in July and 1.86 in August, the most recent month of available data. Numbers […]