President Biden invoked emergency powers under the Defense Production Act to try and boost production of baby formula, while ordering the use of government planes for imports to alleviate shortages.
Abbott Laboratories reached a pact with U.S. authorities that would allow it to begin making baby formula again at a troubled plant in Michigan, a move that could help ease a supply shortfall that has rattled many parents.
Large corporations face a whole new world of demands affecting their public-facing supply chain strategies, backed by potentially powerful and wide-ranging legislation that takes aim at due diligence.
The U.S. and European Union plan to keep addressing supply chain and other disruptions as they project a unified front against Russia when high-level officials meet starting Sunday to discuss cooperation on trade and technology issues in Paris.
The White House raced Thursday to show it’s trying to ease a national baby formula shortage, as Republicans showered criticism on President Biden for a crisis that has left frantic parents scouring store shelves to feed their children.
Companies need to be ready to meet the requirements of a new directive by the European Union on demonstrating due diligence in their corporate sustainability efforts.
The official line coming out of Covid-hit Shanghai is that business is returning to usual despite the ongoing lockdown, yet hundreds of manufacturers in the city aren’t operating at anywhere near to full capacity, if they’re up and running again at all.