Stellantis NV, which employs 5,000 people in the U.K., said it’s unable to meet local requirements because of rising material costs and a lack of U.Kbattery supplies.
Analysts largely see Home Depot as resilient in the long term due to still-high home prices and ongoing remodeling activity as many continue to work from home.
Schenker is likely to attract bids from rival logistics companies, including Danish transport giant DSV A/S, Germany’s Deutsche Post AG and Switzerland’s Kuehne + Nagel International AG.
Finance chiefs will propose new supply chain partnerships that’ll be open to other nations and require countries to have standards on human rights and environmental policies.
Chief executive officer Tufan Erginbilgic has initiated a transformation program at the biggest U.K. manufacturer, including some key management changes.
Aggregated speed for the global LNG vessel fleet has declined, going from an average of about 14 knots for April in previous years, down to 13 knots in April 2023.
The pull-back will likely offer some relief to the oil market, where long-haul arbitrage cargoes have had more difficulty due to elevated freight rates.