Supply chain News & Breaking Stories

BuzzFeed expands stock offering to $150 million, projects revenue decline. Stock volatility and debt burden raise concerns for investors.

Rivian partners with Volkswagen in $5 billion joint venture, boosting stock nearly 50%. Major automakers may follow suit with partnerships.

Cyberattack on CDK Global highlights need for robust contingency plans. Organizations urged to diversify vendors, enhance cybersecurity standards, and collaborate.

Europe's inflation rises to 2.6%, ECB may cut interest rates ahead of US Fed, but future cuts uncertain due to growth concerns.

US government sues Ticketmaster, Live Nation for monopoly on live events, seeks to break up system that harms fans and artists.

Former Boeing whistleblower Joshua Dean dies at 45 after battling sudden illness, raising concerns about manufacturing flaws in 737 MAX planes.

Amazon's quarterly report beats projections, boosted by AI interest. Revenue and net income soar, but revenue outlook disappoints. Advertising revenue spikes.

Conflict in Red Sea leads to significant carbon emissions increase in ocean freight container shipping, impacting supply chains and sustainability goals.

Report shows Britain's green economy grew in 2023 despite a recession, with investments in climate-friendly technology and energy sources increasing.

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"Portnoy's risky Tesla investments plummet as stock hits 8-month low. Elon Musk's vision and challenges contribute to the decline."

Cloudflare's API Security and Management Report reveals the increasing use of APIs, leading to more online threats and security gaps.

US Commerce Dept to survey semiconductor supply chain in January 2024, as part of national security move amid growing China concerns.

Greenlane will use Uber Freight data to build its electric and hydrogen vehicle charging network. The plan is to start in 2024.

Small Business Saturday is approaching, and small business owners are finding ways to survive and thrive despite economic uncertainties. #smallbusiness

Greeley residents fear that the proposed merger of Kroger and Albertsons will result in store closures, higher prices, and job losses. Regulators are reviewing the merger, and concerns about previous closures during mergers have been raised. Labor groups argue that the merger puts union jobs at risk, while farmers worry about decreased competition and potential food deserts in rural areas. Colorado Attorney General Phil Weiser is skeptical of the promises made by the companies and plans to meet with executives before deciding whether to challenge the merger. Public comments on the merger can be submitted to coag.gov/grocerymerger.

UPS and Teamsters reach tentative contract, averting supply chain crisis.

Talks between UPS and the International Brotherhood of Teamsters have fallen apart, increasing the possibility of a strike when the current contract expires at the end of July. The strike could disrupt deliveries and raise shipping costs. The union is pushing for better wages, benefits, and workplace protections, as well as an end to a dual-wage system. UPS made $11.5 billion in net income in 2022. The last time UPS Teamsters went on strike was in 1997.

Potential Teamster strike at UPS may disrupt parcel carriers but not other freight segments.