Chain Reaction Podcast SC News 19th November

SC News Round Up – All things impacting global supply chains this week with Tony Hines

• EU heads for recession and Germany is the worst affected country in the 27 country block. Shrinkage in Germany is forecast at 0.6%. Ireland looks to be the best performer.
• Falling out of love with the tech sector as it unfriends employees.
• Is China still a pro-business country? Covid lockdowns have forced many businesses away from China.
• California ports ban diesel trucks by 2035.
• Ports in New York and New Jersey lead the way at the expense of the troubled West Coast Ports.
• End of life textiles you think you are recycling end up in Africa.
• UK produced steel needs better policies to protect capacity.
• Amazon warehouses employing more intelligent robots with AI.
• COP 27 agrees loss and damage fund but most of the detail is deferred. There are too many big interests at play and politics is more important than the future.
• China Covid 19 cases increase in Beijing forcing lockdowns.
• Peak demand – Black Friday and Cyber Monday losing impact with consumers.
• Listen to the episode on Peak Season.
• FX insolvency poses questions about CEO moving funds to the Bahamas
• Carvanna sheds labor with used car sales falling due to interest rate increases.
• Tessla recalls 321000 cars because of a rear light problem.
• FIFA under pressure as they renegue on beer sales having even though they have sponsorship from Budweiser.
• Rail strikes could occur in the US.

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