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…
Intel Invests in Poland As chipmakers diversify their reliance on production in Asia, Intel is building a US$4.6 billion facility in Warsaw, Poland. This facility will become Intel’s third facility in Europe. Western Canadian Ports At Risk of Strikes At two of the busiest ports in Western Canada, Port of Vancouver and Prince Rupert, workers…
The Battle for the $2.9 Trillion EV Market Yes, that’s right, the EV market (electric vehicles) is valued at $2.9 trillion with big fat “T”. And that’s why countries, like Canada, are trying to lure EV makers to setup shop in their country. How Sam’s Club is Using AI and Robots in Their Warehouses The…
Small to Mid-Sized Chinese Factories Show Growth While there’s been lots of coverage about how manufacturers are trying to diversify their reliance on Chinese manufacturing, the outflow of customers from the larger Chinese factories doesn’t seem to be the same as the small to mid-sized factories who are experiencing growth. Where’s the Beef? If you…
Finland Abundant with Clean Energy With the war in Ukraine affecting energy prices in Europe in recent times and many countries in Europe worried about an energy crisis and whether they could pay for heating and cooling, Finland has had a completely different experience: an abundance of clean energy. In fact, Finland had such an…
Post-Brexit Woes for UK Car Makers A post-Brexit requirement by the EU requires 40% of electric vehicle parts to be sourced from the UK or EU, specifically for vehicle to be sold within the EU. Otherwise, those sales are hit with a 10% tariff. However, currently auto manufacturers are still importing the majority of batteries…
Poor Factory Work Conditions Being Investigated…in the US We’re used to seeing news headlines about poor working conditions in factories in overseas countries, but this time, the investigations into poor factory conditions are for US-based factories. As George Takei would say: “Oh Myyyyyyy.” Canada and India Look to Close a Free Trade Agreement Bilateral trade…
Oil Prices Dropped for 3 Consecutive Weeks Despite the tight supply of oil, oil prices still managed to drop for three consecutive weeks. Shopify Sells Logistics Unit Former e-commerce darling, Shopify, is unloading its logistics unit to supply chain company Flexport. As Shopify is also amidst a round of layoffs for the beleaguered e-commerce SaaS….