Elon Musk says Tesla’s Shanghai factory is “back with a vengeance” after a three-week Covid-induced shutdown. But his bullishness belies concern the plant has only enough components to last about a week even at reduced capacity — highlighting the challenges snarled supply chains pose to manufacturers.
Texas’s economy took a more than $4 billion hit in April after Governor Greg Abbott’s order to ramp up on security at the border resulted in shipping delays and bridge blockades, according to a new analysis.
Even those companies in China whose factories are operating under so-called closed-loop systems may be forced to stop work due to parts shortages or logistical challenges that make moving people and goods around the country near impossible.
Angela Robine, director of strategy-supply chain with VF Corp., talks about the challenge of taking the long view at a time when so many companies are struggling merely to survive.
At a time when supply chain experts are preaching the benefits of diversified sourcing, an alarmingly small number of manufacturers seem to be practicing it.
Grocery stores in some parts of the U.S. are expected to run out of certain perishable goods Easter weekend because of a Mexican truckers’ blockade that has stranded millions of dollars worth of fresh produce.
China’s lockdowns to contain the country’s worst Covid outbreak since early 2020 have battered the economy, stalling production in major cities like Shanghai and adding pressure to global inflation.
Europe’s push to wean itself off Russian natural gas is sparking billions of dollars in new commitments toward building a market for low-carbon hydrogen.