supply chain News

Biden Awards $2.8B to Boost U.S. Minerals Output for EV Batteries

Updated: 1:15pm EDT, Oct 19 The Biden administration said on Wednesday it is awarding $2.8 billion in grants to boost U.S. production of electric vehicle batteries and the minerals used to build them, part of a bid to wean the …

Hackers Targeting Tech Supply Chains Spur Security Startup Boom

Cyberattacks on the digital supply chain have become increasingly common, as hackers seek out weak links among makers of computer code and equipment to breach organizations that depend on the technologies. In 2020, for example, hackers suspected of working for …

Mississippi River Reopens to Barge Traffic After Low Water Closures

Two stretches of the southern Mississippi River were reopened to commercial traffic over the weekend after dredging operations deepened the shipping channel near Memphis, Tennessee, and near Stack Island, Mississippi, the U.S. Coast Guard said on Monday. The major shipping …

U.S. Barge Backlog Swells on Parched Mississippi River

Commercial barge traffic on southern stretches of the Mississippi River was at a standstill on Tuesday as low water levels halted shipments of grain, fertilizer and other commodities on the critical waterway, shipping sources said. The supply chain snarl comes …

Ian Aftermath Even Harder to Fix With Supply Chain Tattered

The difficult job of rebuilding communities pummeled by Hurricane Ian is expected to be made even worse by a problem that’s lingered since the early days of the pandemic: snarled supply chains. Ian tore a path of destruction across Florida, …

Traffic, Water Shortages, Now Floods: The Slow Death of India’s Tech Hub?

Harish Pullanoor spent his weekends in the late 1980s tramping around the marshes and ponds of Yemalur, an area then on the eastern edge of the Indian metropolis of Bengaluru, where his cousins would join him catching small freshwater fish. …

Supply Chain Restructuring to Generate $33B in Commercial P/C Premiums by 2026: Swiss Re

Swiss Re predicts that deglobalization will generate $33 billion in new commercial property/casualty insurance premiums by 2026, according to its latest sigma report: “Maintaining resilience: the role of P&C insurers in a new world order.” Supply chain restructuring is expected …

US Pandemic-Era Inflation Mostly Driven by Demand Surge, NY Fed Study Finds

The majority of US pandemic-era inflation came from a surge in demand, but supply-chain constraints stoked it further, Federal Reserve Bank of New York research shows. About 60% of the inflation seen from 2019 to 2021 was driven by demand-side …

Admiral Sees Cost of Motor Claims Running High in Britain and U.S.

The cost of paying auto claims is running particularly high in Britain and the United States, insurer Admiral’s chief said on Wednesday, after the company posted a 48% fall in pretax profit due to a “more turbulent cycle.” Motor insurers …

Rhine River Water Levels in Germany Keep Falling, Forcing Ships to Sail Partly Loaded

Water levels on the Rhine in Germany fell again during hot dry weather over the weekend and cargo vessels cannot sail fully loaded, vessel brokers and commodity traders said on Monday. Shallow water is causing problems for shipping on the …