Chain Reaction Podcast SC News Round Up 23rd July 2022
All things impacting global supply chains this week.
- Inflation continues to rise
- Central banks raise interest rates
- Nord Stream 1 closed since 11th July for maintenance cuting gas supplies to Europe through Poland and Germany
- Consumers feel the pinch as inflation pushes costs up
- Product price inflation risning because of energy and fuel
- CPI 9.4 % in the UK similar highs in the EU and US
- The Federal Reserve says 40% chance of recession
- Heat waves caused empty shelves in the UK
- Extreme heat is becoming normal
- Airbus Chief expects supply chain woes to continue into 2023
- Aircraft Industry has supply chain issues
- Baker Hughes Texas hiit by exit costs from Russia
- Marks and Spencer takes over GIST taking control of its food supply chain
- Fed Ex contractors unhappy
- Oakland Port California problems AB5 New Gig Laws to blame – Dwell times increase
- UK fuel for vehicles rising despite wholes price falls
- Port of Dover UK experience port congestion because of border controls applied after Brexit
- Nord Stream Update
- Oil prices fall as Libya increases output
- Eurozone business activity declined in the past year
- Turkey brokers a deal to release grain from Ukraine Black Sea Ports
- EU takes action over the Norther Irish Protocol
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