DIRS.INFO The most relevant business & tech news

☆ Why the Miami Grand Prix is the most distinctive race in Formula 1
▼ + stars: | 2024-05-01 | by ( Gregory Leporati | ) www.businessinsider.com time to read: +7 min

The Miami Grand Prix, a unique spectacle in Formula 1, is heading into its third year. Heading into its third year, Formula 1's Miami Grand Prix has made a name for itself as a unique spectacle in the sport. But the logistics' massive scope is just one aspect that sets the Miami Grand Prix apart. The marina at the F1 Miami Grand Prix in 2022. Local flavorThe Miami Grand Prix aims to capture the city's flair.

Persons: —, Todd Boyan, Boyan, Tyler, Ricardo Arduengo, Guenther Steiner, Steiner, Mark PETERSON, Haas, We've, It'll Organizations: Miami Grand Prix, Service, Miami, Hard, Miami Dolphins —, Miami Dolphins, Miami Open, Prix, Tyler Epp, Miami Grand, Epp, . Miami, Monaco, Logistics, Haas, Netflix, Miami . F1 Academy, F1 Academy, Beach Club, cabanas, Art, Paddock Club Locations: Jeddah, Saudi Arabia, Miami, South Beach, Art Basel

☆ Baltimore port bridge collapse: Global ocean carriers declare 'force majeure,' leaving U.S. companies on hook for urgent cargo pickup
▼ + stars: | 2024-03-27 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +10 min

"The impact of the Baltimore port stoppage on construction and contractor supply chains may be significant," said William George, director of research for ImportGenius. "For cargo already on water, we will omit the port, and will discharge cargo set for Baltimore, in nearby ports. COSCO announced Wednesday morning that its services would "be concluded" once the diverted container arrives at the alternate port. Out of the diverted ports, New York/New Jersey and Savannah, are included. One of the biggest concerns among logistics companies is availability of chassis for both truck and rail to handle the diverted cargo.

Persons: Dali, Francis Scott Key, William George, ImportGenius, Maersk, COSCO, majeure, CGM, Paul Brashier, Brashier, Matt Castle, Robinson, Val Noel, Mike Wilson, Noel, Alan Baer, Baer, Stephen Edwards, Edwards Organizations: Francis Scott Key Bridge, Logistics, CNBC, Baltimore, Evergreen, CMA, ITS Logistics, U.S Department of Transportation, Home Depot, Nike, Walmart, Union Pacific, BNSF, Robinson, DHL, FedEx, Port, DOT's, Rail, TRAC, Freight, Consolidated Chassis Management, USA, Norfolk . Our Midwest Locations: Baltimore , Maryland, Baltimore, The Port, U.S, Port of Baltimore, Target, East, , New York, New Jersey, Savannah, Chicago, Brunswick, Virginia, Charleston, New York, Philadelphia, Norfolk, Wilmington , Savannah, Jacksonville, UAE, Saudi, Doha, India, Bangladesh, NY, Montreal, Port of Virginia, Port

☆ 'Too early to judge': Global carmakers contend with closure at busiest U.S. autos port
▼ + stars: | 2024-03-27 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The remains of the Francis Scott Key Bridge on March 26, 2024 in Baltimore. Michael A. McCoy | The Washington Post | Getty ImagesThe Baltimore bridge collapse on Tuesday prompted carmakers to assess operations after the closure of the busiest U.S. auto port. Six people who had been working on the bridge were presumed dead on Wednesday, after rescuers failed to find them. The Port of Baltimore, the 11th largest port in the U.S. and its busiest for autos and light trucks, has been closed until further notice. Sweden's Volvo Group said it did not expect a significant impact, but was checking its U.S. production facilities.

Persons: Francis Scott Key, Michael A, carmakers, Dimitris Psillakis, it's, Psillakis Organizations: Francis Scott Key Bridge, McCoy, Washington Post, Getty, Logistics, Mercedes, Benz, CNBC, Baltimore, Volkswagen Group of America, Germany's Volkswagen, VW, Audi, Lamborghini, Bentley, Atlantic, Volvo Group, General Motors, Ford, Toyota, Nissan, Mitsubishi Locations: Baltimore, Port, U.S, East, Brunswick, Georgia

☆ A trucking and rail strategy that boomed during pandemic shocks is heating up again
▼ + stars: | 2024-03-25 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +10 min

The shift in the volume of freight being moved from the East Coast to the West Coast was first highlighted in February in the ITS Port Rail Ramp Freight Index. He said the disruptions from the Suez Canal and Panama Canal have contributed to an almost 20% increase into the West Coast ports. "For our ports, transloading containers is always going to happen and we have the capacity to do more." The West Coast container volume rebound will also have a ceiling. "We probably don't get to the historical 10-year levels of West Coast market share versus East Coast share," Chan said.

Persons: Michael Aldwell, Kuehne + Nagel, Chris Sikora, CH Robinson, Sikora, Tim Robertson, transloading, Paul Brashier, We're, Brashier, Bryan Kempisty, Matt Schrap, Bruce Chan, Chan, CH, Bascome Majors, J.B, Hunt, Schneider, JB Hunt, Jason Seidl, Knight, Swift, Seidl, Larry Organizations: Getty, U.S, Logistics, CNBC, Kuehne, Transportation Intelligence, . Logistics, DHL Global, ITS, Rail, ITS Logistics, Department of Transportation's, PortX Logistics, Harbor Trucking, J.B, Susquehanna International Group, Hub Group, Schneider, Union Pacific, Cowen Group, Universal Logistics Holdings, East, International Longshoremen's Association, Surface Transportation, Canadian Pacific, Kansas City Southern, Uber, Uber Technologies Locations: West Coast, East Coast, Panama, East, Red, Gulf, transload, transloading, West, Suez, Hunt, CH Robinson, Sea, Mexico, Kansas, Mobile , Alabama, Coatzacoalcos, Veracruz, Gulf of Mexico

☆ Red Sea supply chain inflation may be peaking already, new trade data suggests
▼ + stars: | 2024-01-31 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

It tells CNBC that rates on ocean routes from Asia to Europe and the Mediterranean are beginning to decline, but for U.S.-bound trade, prices are still climbing. Rates for cargo headed to the U.S. are still risingBut for U.S companies, while some have negotiating leverage, shipping rates are not seeing any reprieve. According to Sand, rates for the trade route from the Far East to the U.S. East Coast are still heading higher. "Everyone is accusing everyone at the moment, which is normal during situations when there is so much uncertainty in the market," Sand said. "Ocean freight carriers did not invent this crisis and it takes time for them to put in new shipping networks to deal with the disruption caused by diverting away from the Suez Canal."

Persons: February's GRIs, Emily Stausbøll, Peter Sand, Sand Organizations: CNBC, Logistics, U.S . Locations: Xeneta, Asia, Europe, North Europe, Sand, U.S . East Coast, Suez

☆ See the Rapid Expansion of Tent Camps in Southern Gaza
▼ + stars: | 2024-01-18 | by ( Leanne Abraham | Zach Levitt | ) www.nytimes.com time to read: +8 min

Gaza City Khan Younis Gaza Strip RafahSee the Rapid Expansion of Tent Camps in Southern GazaRecent satellite imagery shows an influx of displaced Palestinians into Rafah, the Gaza Strip’s southernmost region, where about 1.25 million people are now living in squalid, cramped conditions. A satellite image from Nov. 10 showing a portion of western Rafah in the Gaza Strip. There has been an expansion to the area of visible tents, mostly limited to the areas around the schools and the logistics base. The number of tents and makeshift structures sharply increased across this area of Rafah after Israel’s repeated orders to evacuate large portions of central and southern Gaza in December. With a vast majority of Gaza’s population displaced, aid groups and the U.N. have been struggling to keep up with the staggering demand for help in Rafah and across the Gaza Strip.

Persons: Tal, Israel’s, ”, Juliette Touma, Ibraheem Abu Mustafa, Shaina, Ms, Low, Al Qarya, Deir al Balah, Khan Younis, Touma, al Balah Khan Younis Organizations: Camps, Labs, Hamas, Planet Labs, United Nations Relief, Works Agency, Norwegian Refugee Council, United Nations, Reuters, Humanitarian Affairs, . Locations: Gaza, Khan, Rafah, Southern Gaza, Rafah’s, Ibraheem, Egypt, Egypt’s, U.N, Deir, al, al Balah Khan Younis Rafah, Israel

☆ Red Sea attacks already bigger issue for supply chain than pandemic, maritime advisory warns
▼ + stars: | 2024-01-18 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

The strikes are a response to attacks on the Red Sea, adding complexity to the regional conflict originating from Israel's Gaza war. With that exception, "This [the Red Sea crisis] is the largest single event – even larger than the early pandemic impact," Murphy said. Sea-Intelligence analyzed current vessel delays compared to delays over the last several years in a report for clients. A leading ocean supply chain advisory firm is warning that the disruptions to shipping from the Houthi rebel attacks in the Red Sea are already more damaging to the supply chain impact than the early Covid-19 pandemic. "Threats to Red Sea shipping are a threat to maritime commerce worldwide," said Steve Lamar, CEO of the American Apparel and Footwear Association.

Persons: Luis Boza, Alan Murphy, Murphy, Hope, Steve Lamar Organizations: Getty, Intelligence, MSC, Volvo, Michelin, Ikea, American Apparel and Footwear Association, Logistics, CNBC Locations: Lisbon, Portugal, U.S, Yemen, Red, Gaza, Suez, Good Hope, Europe, United States, Asia

☆ Fears of prolonged Red Sea shipping crisis fuel inflation fears, as oil, retail cargo delays rise
▼ + stars: | 2024-01-17 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

"If so, we expect the soaring freight rates and equipment shortage will continue till the third quarter," it advised clients. This would be on top of the revenue lost by diverted container vessels which are required to pay between $500,000-$600,000 per transit. "However, given the longer transit times vessels are experiencing, the market may face a shortage of empties across Asia until sailings normalize." Evelyn Fornes, Home Depot spokeswoman, said it is working with logistics carriers to find alternate routes to limit any impact from the Red Sea conflict. East Coast freight rates soar While freight rates for U.S. West Coast ports have yet to spike, freight rates for the East Coast and Gulf are up.

Persons: Folden, Shell, Jean, Charles Gordon, Nyttingnes, Torm, Euronav, Tom, Hafnia, Andy Lipow, Kuehn, Nagel, Ami Daniel, Goetz Alebrand, Stephen Schwarz, Paolo Montrone, Kuehn + Nagel, Alan Baer, Baer, Evelyn Fornes, Fornes, Lane Organizations: Galaxy, Houthis Media, Getty Images, Anadolu, Getty, U.S, Clarksons Securities, Honour Lane Shipping, Wall Street, Shell, Suez, Authority, Lipow Oil Associates, Logistics, CNBC, DHL Global, Asia Pacific, Kuehn, USA, Home, Costco, Walmart, Home Depot, Volvo, Michelin, Ikea, East, U.S . Locations: Iran, Yemen, Anadolu, Hafnia, Ardmore, Suez, Israel, Americas, Asia, Europe, Wells Fargo, Red, U.S, East Coast, U.S . West Coast, Gulf, East, West, West Coast

☆ Here are Tuesday's biggest analyst calls: Apple, Rivian, Nvidia, Boeing, Affirm, Datadog, Amazon & more
▼ + stars: | 2023-11-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Tuesday's biggest calls on Wall Street: UBS downgrades ChargePoint to neutral from buy UBS said it's cautious on the EV charging company's growth outlook. " Citi reiterates Nvidia as buy Citi said it's sticking with its buy rating on shares of Nvidia. " Wells Fargo downgrades Booz Allen Hamilton to equal weight from overweight Wells said investors should wait for a better entry point for the defense contractor. Raymond James upgrades Crocs to strong buy from outperform Raymond James said it sees an attractive entry point for the show company. Wells Fargo reiterates Amazon as overweight Wells said international trends for Amazon remain healthy.

Persons: UBS downgrades ChargePoint, it's, Wells, Booz Allen Hamilton, Bernstein, Raymond James, Crocs, CROX's, Estee Lauder, Jefferies, underperform Jefferies, Evercore, Rivian, Piper Sandler downgrades Shopify, Piper, Piper Sandler, Canaccord, TD Cowen, Datadog, TD, Truist, it's bullish, Ingersoll Rand Organizations: UBS downgrades, UBS, JPMorgan, Apple, Citi, Nvidia, HSBC, RBC, Boeing, Lexeo Therapeutics, Bank of America, Virtu, Logistics, Industry Locations: U.S, DDOG, India, Ingersoll

☆ Biden will convene his new supply chain council and announce 30 steps to strengthen U.S. logistics
▼ + stars: | 2023-11-27 | by ( ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden listens during a meeting with his administration's Supply Chain Disruptions Task Force and private sector CEOs in the South Court Auditorium of the White House December 22, 2021 in Washington, DC. "We're determined to keep working to bring down prices for American consumers and ensure the resilience of our supply chains for the future," said Lael Brainard, director of the White House National Economic Council and a co-chair of the new supply chain council. The announcement comes after supply chain problems fueled higher inflation as the United States recovered from the coronavirus pandemic in 2021. The Commerce Department has developed new tools to assess risks to the supply chain and has partnered with the Energy Department on the supply of renewable energy resources. Besides Brainard, the council will be co-chaired by Jake Sullivan, the White House national security adviser.

Persons: Joe Biden, We're, Lael Brainard, Biden, Brainard, Jake Sullivan Organizations: Force, White, National Economic Council, Democrat, Human Services Department, Cabinet, The Commerce Department, Energy Department, Shipping, Transportation Department, White House, White House Council, Economic Advisers, National Intelligence, Management, Science, Technology Locations: Washington , DC, United States, U.S

☆ The global freight recession will continue in 2024: CNBC Supply Chain Survey
▼ + stars: | 2023-11-07 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

watch nowThe global shipping industry has been mired in a freight recession this year and the challenging economic conditions will continue into 2024, according to a new CNBC Supply Chain Survey. The CNBC Supply Chain Survey was conducted October 21-October 31 among logistics executives who manage freight manufacturing orders and transportation, including those at C.H. "Without more freight moving, 2024, and potentially 2025, will continue to see soft pricing as capacity outstrips demand," he said. Freight trucking will remain soft Trucking companies get paid per load, and low expectations for orders imply potentially lower revenue this holiday season. A slightly better second half 2024 outlook The survey shows expectations for a slight turnaround in freight volume in the second half of 2024.

Persons: Robinson, Kuehne, Nagel, Zhang Jingang, Alan Baer, Noah Hoffman, Jeff Bezos, Uber, Tim Robertson, Robertson, Brian Bourke Organizations: CNBC Supply Chain Survey, CNBC, Chain Survey, SEKO Logistics, DHL Global, USA, ITS Logistics, Getty, Logistics, C.H, Surface Transportation, Convoy, Tank Transport Locations: Qingdao, Shandong province, China

☆ The holiday spending outlook is sluggish across thousands of retailers: CNBC Supply Chain Survey
▼ + stars: | 2023-11-06 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +11 min

Photographer: Christopher Dilts/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesAs holiday shopping season begins, lack of big orders from retailers is the rule amid fears that consumer spending will be weak, according to a new CNBC Supply Chain Survey. At the CNBC Evolve Global Summit last Thursday, Target CEO Brian Cornell said the company is doubling down on its cautious outlook for the holiday season. The CNBC Supply Chain Survey was conducted October 21-October 31 among logistics executives who manage freight manufacturing orders and transportation, including those at C.H. Lunar New Year and order volumes The CNBC Supply Chain Survey underscores an overall climate of uncertainty that is defining the market right now. The freight trucking recession Trucking companies get paid per load, and the low expectations for orders imply potentially lower revenue this holiday season.

Persons: Christopher Dilts, Robinson, Noah Hoffman, Hoffman, Jeremy Barnum, Brian Cornell, Raj Subramaniam, restocking, Kuehne, Nagel, Paul Brashier, Tim Robertson, Robertson, Brian Bourke, Elmer Buchta, Jeff Bezos, Uber, Brashier, Berkshire Hathaway, Alan Baer Organizations: Bloomberg, Getty Images Bloomberg, Getty, CNBC Supply Chain Survey, North American Surface Transportation, CNBC, Global, FedEx, Chain Survey, SEKO Logistics, USA, ITS Logistics, Amazon, Maersk, Logistics, Convoy, Tank Transport, U.S ., Union Pacific, BNSF, Norfolk Southern, CSX Locations: Chicago , Illinois, C.H, U.S, China, United States, Montana, Indiana, Panama, West Coast, U.S . West Coast, Los Angeles, Berkshire, West, East Coast

☆ How options traders are setting up for the major tech earnings this week
▼ + stars: | 2023-10-23 | by ( Michael Khouw | ) www.cnbc.com time to read: +15 min

Big Tech earnings This week is less about reading between the lines/through results, and contextualizing management comments, but rather it's about the market itself. AI - AI - AI! The options market is implying an earnings related move of 4.7%. Our options market sentiment score for GOOG/GOOGL is 80th percentile - which one may think of like a score/grade, so a B- in terms of options sentiment. Call open interest is 15% higher than put open interest, our options market sentiment score is 83% so B/B- territory.

Persons: ChatGPT, Bing, it's, AMZN, Mark Zuckerberg's, Zuckerberg, one's Organizations: Cambridge, JPMorgan Chase, Citigroup, Bank of America, BlackRock, Goldman, Equity, Big Tech, Microsoft, Apple, Nvidia, Inc, Investors, YouTube, Amazon, Google, Gaming, Activision, Logistics, Federal Express, CNBC, ExxonMobil, Chevron, Visa, Mastercard, Merck, Co Locations: financials, Wells Fargo

REUTERS/Lindsey Wasson/File Acquire Licensing Rights Read moreLOS ANGELES, Sept 6 (Reuters) - Former Amazon executive Dave Clark on Wednesday announced that he will resign as CEO of U.S. logistics startup Flexport about a year after he joined the company. The Wall Street Journal reported that Clark is preparing for a potential run for Texas governor, a topic he did not address in his statement. Clark joined the company as co-CEO in September 2022 after a long career at Amazon.com (AMZN.O). He became sole CEO in March, when founder Ryan Petersen became executive chairman. Clark, best known for building Amazon's sprawling warehouse and delivery network, said he was preparing to launch a Flexport product for small businesses on Thursday.

Persons: Dave Clark, Amazon's, Lindsey Wasson, Clark, Ryan Petersen, Petersen, Flexport, Lisa Baertlein, Bill Berkrot, Cynthia Osterman Organizations: REUTERS, Amazon, Wednesday, Street Journal, Texas, Twitter, Shopify Logistics, Thomson Locations: Seattle , Washington , U.S, ANGELES, Flexport, Los Angeles

☆ Canadian West Coast ports strike is over, but it will take weeks for supply chain to recover
▼ + stars: | 2023-07-13 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +7 min

Darryl Dyck | Bloomberg | Getty ImagesThe strike at the Canada's West Coast ports is over, after both the labor union and port ownership accepted a deal presented by federal mediators. ILWU Canada union workers were expected to be back on the job for the 4:30 p.m. Pacific time shift on Thursday, but undoing the damage to the supply chain from close to two weeks of strike will take weeks. While the production ramp down at the ports was seen immediately, the congestion as a result of the 13-day strike will have a lasting effect on ports. The International Longshoremen and Warehouse Union of Canada begin its strike on July 1. The ports strike has already damaged the U.S. supply chain.

Persons: Darryl Dyck, Seamus O'Regan, Omar Alghabra, O'Regan, Prince Rupert, HLS, Eric Byer, Byer, Vancouver and Prince Rupert, Sara Elena, Willie Adams Organizations: Port Metro Vancouver, Bloomberg, Getty, Twitter, Canadian Labor, Warehouse Union of Canada, British Columbia Maritime Employers Association, Vancouver, US Inland Port, U.S ., Carriers, American Association of Railroads, National Association of Chemical Distributors, CNBC, Port, U.S, Products, Canada, Canadian Chamber of Commerce, Railway Association of Canada, MSC Brunella, ILWU U.S, West Coast, Logistics, Customs Locations: Vancouver , British Columbia, Canada, Coast, U.S, British, Vancouver, U.S . West Coast, Asia, Port of Vancouver, West Coast, Africa, United States

☆ UPS workers vote to authorize strike while cheering unexpected progress on heat safety
▼ + stars: | 2023-06-16 | by ( Adiel Kaplan | J.J. Mccorvey | ) www.cnbc.com time to read: +7 min

UPS acknowledged the vote outcome and noted that Friday's strike authorization doesn't automatically trigger a work stoppage. While many union members at UPS cast their votes on the strike authorization before the heat safety deal was announced, some drivers said afterward that other big priorities remain. Heat safety experts praised the preliminary agreement on air conditioning but cautioned that addressing the threat of extreme temperatures would take time. Seth Harris, a law and policy professor at Northeastern University who served as President Joe Biden's top labor policy adviser, said progress on heat safety at UPS could have broader ripple effects. Already, though, the concessions have jolted UPS workers and their allies with a dose of optimism.

Persons: Sean O'Brien, Zakk Luttrell, We've, it's, Luttrell, Amit Mehrotra, Mehrotra, Juley Fulcher, Fulcher, —, Seth Harris, Joe Biden's, Theresa Klenk, Klenk, — Annie Probert Organizations: Teamsters, UPS, NBC, Occupational Safety, Health Administration, Deutsche Bank, Logistics, FedEx, U.S . Postal, Public Citizen, Northeastern University, New, New Jersey UPS Locations: New Jersey

☆ New job data show a changed labor market
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +5 min

TRUCKERS, MANAGERS AND THERAPISTS The Post-Pandemic Workforce What new data show about the U.S. labor market that emerged from the coronavirusThe pandemic sparked what seemed a massive reshuffling of who does what in the American workforce. Keeping track of that shifting landscape falls to the Bureau of Labor Statistics, which every year details how many people do different types of jobs. The graphic shows the number of jobs in 22 occupational categories in 2016, 2019 and 2022. The graphic shows how the percentage share in the total workforce changed from 2019 to 2022 for each of 22 occupational categories. With natural population growth slowing, immigration could play an important role in how labor demands are met.

Persons: Jobs, Green Roofers Organizations: Bureau of Labor Statistics, BLS, Movers, Sales, Mental Health, Federal Reserve Locations: COVID, U.S

☆ US suspends food aid to Ethiopia, says it's not reaching needy
▼ + stars: | 2023-06-08 | by ( Giulia Paravicini | ) www.reuters.com time to read: +3 min

REUTERS/Tiksa Negeri/Pool/File PhotoNAIROBI, June 8 (Reuters) - The U.S. Agency for International Development (USAID) said on Thursday it was suspending food aid to Ethiopia because its donations were being diverted from people in need. The USAID spokesperson said the agency intended to resume food assistance as soon as it was confident in the integrity of the system. USAID and the U.N. World Food Programme (WFP) had already suspended food aid to the northern Ethiopian region of Tigray last month in response to information that large amounts of aid there were being diverted. In the 2022 fiscal year, USAID disbursed nearly $1.5 billion in humanitarian assistance to Ethiopia, most of it food aid. WFP is also investigating "systemic" food diversion across Ethiopia, according to an email sent last week by the agency's deputy director to staff in Ethiopia.

Persons: Antony Blinken, Sean Jones, Finance Ahmed Shide, Demeke Mekonnen, Blinken, Giulia Paravicini, Doina Chiacu, Christina Fincher, Mark Potter Organizations: Logistics Center, USAID, Ethiopian, Finance, REUTERS, Tiksa, U.S . Agency for International Development, Reuters, Resilience, Spokespeople, The State Department, Food Programme, WFP, Thomson Locations: Ethiopia, Addis Ababa, NAIROBI, United States, Tigray, Saudi Arabia, Ethiopian, Washington

☆ Ukraine banks’ robust health masks big challenges
▼ + stars: | 2023-05-11 | by ( Pierre Briancon | ) www.reuters.com time to read: +8 min

Across the banking sector, deposits are as abundant as they’ve ever been, and the country’s lenders have found ways to remain profitable. The National Bank of Ukraine, the country’s central bank, deserves plaudits for both its preparations before the war and after it began. NPLs crept up to 38% of total sector loans as of January 1 this year, according to the central bank. It has the equivalent of $4.8 billion in non-performing loans, a staggering 67.5% of its loan portfolio, according to central bank numbers. The fact that Ukraine’s banks not only still exist but are thriving is an achievement in itself.

☆ Everyone was wrong about how the pandemic would change shopping — here's how experts are betting on e-commerce now
▼ + stars: | 2023-04-19 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

The idea that e-commerce will keep growing forever, and betting on it will lead to an almost inevitable rising tide, didn't survive the pandemic. Public flame-outs of entire categories of startups, like ultra-fast deliveries and Amazon seller aggregators, have further demonstrated the boom-and-bust nature of pandemic e-commerce investing. Apple's recent moves to give consumers more online privacy has had ripples through the e-commerce ecosystem, leading investors to take a beat. E-commerce logistics — fulfillment and last-mile delivery — said Sloane is fairly well-saturated at this point, he said. For many retailers, the pandemic offered a harsh lesson in how integrated their stores and their websites weren't, she said.

HONG KONG, April 6 (Reuters Breakingviews) - Alibaba's (9988.HK) worth may be hiding in plain sight. The $260 billion Chinese group wants to split off faster-growing, money-losing bets like its cloud and logistics units. It accounted for 9% of Alibaba's top line in the nine months to December, nearly double five years ago. Zhang would do well to focus investor attention back onto Alibaba's commerce operations in China. That’s some 30% more than the company’s entire market value as of Wednesday.

☆ MSC, world's biggest shipping company and U.S.-China trade bellwether, isn't talking like a recession is coming for economy
▼ + stars: | 2023-03-01 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

"The return post-Chinese New Year has been positive," Toft said. SONAR FreightWaves data shows the slow pick up in global freight orders post-Chinese New Year. Ocean freight rates, which were the largest inflationary pressure on products, have dropped sharply back to pre-pandemic levels. Rejections for ocean freight have increased, which means containers filled with product for the current or upcoming season are delayed. At a time when ocean carriers are increasingly canceling sailings because of the decrease in ocean freight orders, MSC has responded by increasing the size of its fleet.

☆ U.N. food-agency chief tells of 'apocalyptic' scenes in Turkey
▼ + stars: | 2023-02-25 | by ( ) www.reuters.com time to read: +2 min

ROME, Feb 25 (Reuters) - The head of the United Nation's World Food Programme (WFP) said on Saturday he was confronted with "apocalyptic" scenes as he visited earthquake-stricken areas in southern Turkey. Strong earthquakes, which began on Feb. 6, have struck both Turkey and neighbouring Syria, killing more than 50,000 people according to the latest figures released on Friday. "There is only one way to describe what I saw today: apocalyptic," WFP Executive Director David Beasley said after visiting the city of Antakya in Turkey's Hatay province. The WFP said Beasley visited a U.N. logistics hub where trucks are loaded with food and other emergency supplies before crossing over into northwest Syria. He stressed the urgency of scaling up food deliveries to Syria "through all routes - without any restrictions", and called for "all parties to facilitate access".

☆ Russia has screwed up over and over in its war in Ukraine, and Western militaries need to learn from its mistakes, former US Army general says
▼ + stars: | 2023-01-16 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +6 min

The West needs to learn from Russia's screw-ups in its war with Ukraine, a former US Army general said. "Russia has shown us what kinds of problems a large army can have if it hasn't done its homework," he said. The US and the West, Ryan emphasized in discussions with Insider, should be learning from Russia's mistakes. "We should be preparing our own militaries for a possible war with Russia and or China," the former general said. Looking at the future of the war in Ukraine and Western involvement, Ryan said "the West will probably increase its reactions to Russia's actions as they unfold."

☆ China’s Covid wave threatens another snarl of U.S. medical supply chain
▼ + stars: | 2023-01-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +8 min

“We’re looking a lot for potential early warning signs in the medical supply chain for any kinds of disruptions,” said an administration official. “One major concern throughout the entire pandemic has been that because of China’s zero Covid policy, shutdowns greatly reduced manufacturing capacity in China. Despite efforts over the past two years by the Biden administration to bolster the country’s domestic medical supply chain, the complexity, costs and regulations involved in health care manufacturing has limited companies’ ability to shift production. I think that would be a natural response,” said Douglas Kent, executive vice president of corporate and strategic alliances at the Association for Supply Chain Management. Health care officials say they hope that the U.S. is in a better place to withstand any shocks from China.

Search resuls for: ". Logistics"

25 mentions found