Chip Makers Face New Restrictions There’s a new race going on, the AI race. With restrictions imposed on chip makers such as Nvidia and AMD from selling to China and Russia, the Biden-administration has imposed new restrictions laid out for “certain” parts of the Middle-East. Qualcomm Wants More Automaker AI Share As most of the…
Chipmaker, Arm files for IPO Arm, the British chipmaker owned by Japan’s Softbank, saw Nvidia hit $13.5 billion in revenue in the most recent quarterly earnings report and though, “Hey, I want some of that too!”. As the British chipmaker pivots to an AI-led strategy, they have filed for an IPO in New York instead…
Container Rates from China Start Rising Again As shipping rates started coming down and the chaos for supply chains started improving, it looks like container rates from China to the U.S. are starting to creep up again. Sugar Distributor Expands Products Vancouver-based sugar distributor, Rogers Sugar, is looking to expand its Montreal production facility to…
UPS Drivers Earn How Much??? In this week’s “make you say WOW” moment, UPS’ CEO shared that their drivers will average $170K in salary and benefits with the new deal structure. Where does one apply to become a UPS driver? Asking for a friend… Panama Canal Backed Up As if a global pandemic over the…
UPS Avoids Strike UPS workers avoided a strike by agreeing to a five year deal that includes more pay. Shippers are feeling somewhat relieved to avoid another kick in the gut to supply chains. Europe Wants the Chips Now that AI is dominating everything we hear about these days, everyone is in a race to…
BC Port workers on and off strike The BC port workers strike which had dragged on for over a week, was initially halted, then it was on again, but now it seems it’s supposed to be off again…the Labour Minister of Canada had to step in and declare their on again strike illegal due to…
Renewable Energy Will Generate a Third of World’s Electricity by 2030 As the OG companies of O&G (oil & gas) clamber to get into renewable energy, a new report by non-profit Rocky Mountain Institute (RMI) finds that one third of the world’s electricity will be powered by wind and solar by 2030 (that’s very soon…
Port Workers Strike Costing $3.7b Already in its fifth day of workers strikes, 7,000 port workers at 30 ports within the province of British Columbia (B.C.) continue to strike for higher wages. The work action is potentially costing $3.7b and disrupting an already fragile supply chain that’s seen a fair share of disruptions over recent…
Chinese Factories See 3rd Month of Contraction Production at Chinese factories contracted for a third month in a row but at a slower rate. Maybe they need to look at exporting chiles, I hear those are in demand… US Wants ALL the Chips As the US continues to hoard chip production, they’re contemplating more restrictions…
Canada Looks at Life Without Oil A big part of the Canadian economy is driven by the Oil & Gas industry. But as the world heads towards reducing dependence on oil, Canada is forecasting what their economy would look like with a huge drop in demand for oil. Nike Looks to Rebuild Wholesale Partnerships After…