Chain Reaction Podcast News 26th August

All things impacting global supply chains this week.

  • Japan began pumping more than a million metric tons of treated water from the destroyed Fukushima Daiichi nuclear power plant on Thursday, a process that will take decades to complete.
  • Salt demand surges in China as a result of the Fukushima discharges into the ocean.
  • Russia’s central bank raised interest rates.
  • The UK Trade deal with India appears to be under threat.
  • The German economy stagnates as it is official that the country was in recession in the winter. Industrial production is expected to remain weak according to the Bundesbank.
  • India is expected to ban mills from exporting sugar in the next season beginning October.
  •  China as the world’s second largest economy loses momentum.
  •  Ford Motors is the latest of several top automakers, including Toyota  and Stellantis is planning to build and sell hundreds of thousands of hybrid vehicles in the U.S. over the next five years.
  • The BRICS meeting taking place in South Africa is inviting new members and they want an international currency to compete with the US dollar.
  • Housing supply chains build up inventories.
  • P&O to close ferry service between Liverpool and Dublin.
  • DEFRA seeks partial ban on micro plastics.
  • Gas prices fall as Australian strike averted.
  • UK Energy cap price likely to fall next week.
  • Wilko administrators fail to sell the business with likely closures and significant job losses.
  • OFGEM has set the Energy Price Cap for the next 3 months in the UK at £1923.
  • This week we are reminded that Covid 19 is still lurking with the BA 2.86 variant of Covid 19 likely to infect people according to the US Center for Disease Conotrol.
  • Oil prices falling this week. It is the second week in a row.

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About Tony Hines and the Chain Reaction Podcast – All About Supply Chain Advantage

I have been researching and writing about supply chains for over 25 years. I wrote my first book on supply chain strategies in the early 2000s. Each week we have special episodes on particular topics relating to supply chains. We have a weekly news round up every Saturday at 12 noon. All things impacting global supply chains in that week, so come and join us on the Chain Reaction podcast. I look forward to seeing you there.

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