The lull in purchasing has worsened throughout the year as high inflation, rising labor costs and recession fears have triggered a reassessment of procurement budgets.
The airline reported a $695 million profit over the three months that ended in September, despite rising costs and Hurricane Ian’s disruptions to travel.
Some of America’s leading chip-equipment manufacturers are pulling workers from China’s largest chip maker because of new U.S. restrictions on semiconductor exports.
Until recently, international trade’s great big dirty secrets regarding forced labor remained mostly hidden beneath layers and layers of supply chain complexity.
Now, some governments are attempting to hold companies more accountable.
The dollar’s surge against the euro, the Japanese yen, the British pound and other currencies adds a new wrinkle to the re-shoring drive that has seen some U.S. companies look for domestic alternatives.