Chain Reaction Podcast News 19th August

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

  • Oil prices have fallen this week as demand has fallen.
  • Inflation in the UK falls as the latest CPI figure hits 6.8% a fall of 1.1% on the previous months. Gas price falls have underpinned the fall in the index.
  • Consumer's in the UK are feeling the pinch as the cost of living crisis bites.
  • An attitude survey in the UK showed that the majority of people polled thought that Railways and Utility Companies ought to be in public ownership to protect services.
  • The US imposed import duties on solar panels finished in South East Asia to avoid tariffs on products coming directly from China.
  • California automobile regulators investigate cause of crashes.
  • Automobile Association UK said that EV's do break down more than combustion engine vehicles but not by as much as is often claimed according to their call logs.
  • Chinese auto maker brands are not known in Europe and consumers are sceptical about purchasing Chinese brands.
  • Government targets to increase wind-power targets look expensive and unrealistic. They would have to increase capacity fivefold with $27 billion  investment to get there. 
  • The central bank in Russia raises interest rates by 3.5% to 12% in an attempt to defend the exchange rate of the rouble.

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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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