Chain Reaction Podcast News Round Up 25th March

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All things impacting global supply chains this week.

  • Importance of labelling for cross border checks and quality control
  • Brexit problems continue to disrupt supply chains in the UK adding additional costs and friction with added risks and reputational damage to many businesses
  • Average inventories have increased for many businesses since the pandemic with higher risk and cost trying to make supply chains resilient
  • Interest rate rises in the US and the UK to combat inflation
  • CPI in the UK rose to 10.4 per cent
  • Tik Tok CEO is interrogated about data privacy by the House Energy and Commerce Committee on Capitol Hill. Government employees in the US and UK have been instructed not to use Tik Tok on work devices.
  • SVB hit problems last week and reassurances were given by the banking industry that this was not a systemic crisis. This week Credit Suisse Bank is rescued by UBS.
  • Accenture sheds 2.5 per cent of its global workforce
  • Friendshoring impacts global GDP according to the WTO. It is a key policy instrument for US Government to make supply chains resilient.
  • A year ago the IMF said social unrest could damage global supply chains and impact GDP of nation states. This week we were reminded again with the protests in France against the introduction of pension reforms. We also have lots of strikes around the globe as inflation puts pressure on the cost of living for many.
  • FedEx is making changes to its operations with cost cutting measures to improve profitability.

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