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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