Chain Reaction Podcast News 11th March

All things impacting global supply chains this week with Tony Hines.

• Shell CEO plans to keep oil for at least the next decade.
• Tomato imports into the UK suffer from supply chain friction. This has caused shortages on supermarket shelves.
• Delays to HS2 as costs rise. Many think this is a pull back from the levelling up agenda which is likely to impact of future economic advantages HS2 promised to deliver.
• Once upon a time…
• While people struggle with the cost of living the CEO's of two leading global oil companies Shell and BP earn salaries around $12 million.
• New regulations at US Ports could lead to capacity problems.
• Renault and Nissan Strategic Alliance about to be renewed.
• SAP SE to shed 3000 jobs.
• The new EV Road Map foreshadows a new Toyota Way.
• US Economy grew 2.9 per cent in Q4. 
• US added 11,000 jobs in February.
• China renews an unprecedented 3rd term in ofiice for President Xi Jinping.
• The future of supply chains will create opportunities.
• The Dutch Government announced restrictions on the export of Chip Technology to China and this will impact ASML.
• Plastic entering the world's oceans has risen exponentially since 2000 according to a new research study.
• Mitsubishi Motors said it plans to sell only EV's by 2030
• Stelantiss, Mercedes and ACC is developing 3 giga factories.
• Silicon Valley Bank (SVB) sends a chill wind through US Banking sector. It is the first failure since 2008.

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