Starting July 2023, Saudi Arabia will begin cutting back its contributions to the global oil supply by at least 1 million barrels a day.

The region is still recovering from a historic energy crisis that was exacerbated by severe supply cuts from Russia in the wake of its war with Ukraine.

Climate change is causing supply chain disruptions for several of the commodities that are used to make Doritos: corn, salt, sunflower oil and dairy.

The deal will improve the supply chain resilience of minerals like copper, lithium, cobalt and rare Earth elements, which are vital to producing electric vehicles and solar panels.

The IPEF Supply Chain Agreement establishes a framework for long-lasting cooperation on issues like supply chain monitoring, investment promotion, workforce development and crisis response.

Pembina and Marubeni will establish a large-scale low-carbon ammonia supply chain in Canada with access to Japanese and Canadian governmental support.

A major benefit of using smart contracts is that they can be drawn up in minutes rather than hours or days, as with traditional contracts.

In total, the U.S. House Committee on Transportation and Infrastructure approved a package of 12 bills as well as five additional supply chain-focused measures.

The trend comes in part from the U.S.-Mexico-Canada Agreement (USMCA), which took effect in July 2020 as a replacement for the North American Free Trade Agreement.

With more capacity from shipbuilders on the way, shipping companies have limited leverage in what’s become a buyers’ container market.