SC News Round Up 23rd July 2022

All things impacting global supply chains this week.

• Inflation continues to rise
• Central banks raise interest rates
• Nord Stream 1 closed since 11th July for maintenance cuting gas supplies to Europe through Poland and Germany
• Consumers feel the pinch as inflation pushes costs up
• Product price inflation risning because of energy and fuel
• CPI 9.4 % in the UK similar highs in the EU and US
• The Federal Reserve says 40% chance of recession
• Heat waves caused empty shelves in the UK
• Extreme heat is becoming normal
• Airbus Chief expects supply chain woes to continue into 2023
• Aircraft Industry has supply chain issues
• Baker Hughes Texas hit by exit costs from Russia
• Marks and Spencer takes over GIST taking control of its food supply chain
• Fed Ex contractors unhappy
• Oakland Port California problems AB5 New Gig Laws to blame – Dwell times increase
• UK fuel for vehicles rising despite wholes price falls
• Port of Dover UK experience port congestion because of border controls applied after Brexit
• Nord Stream Update
• Oil prices fall as Libya increases output
• Eurozone business activity declined in the past year
• Turkey brokers a deal to release grain from Ukraine Black Sea Ports
• EU takes action over the Norther Irish Protocol

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About Tony Hines and the Chain Reaction Podcast – All About Supply Chain Advantage
I have been researching and writing about supply chains for over 25 years. I wrote my first book on supply chain strategies in the early 2000s. The latest edition is published in 2024 available from Routledge, Amazon and all good book stores. Each week we have special episodes on particular topics relating to supply chains. We have a weekly news round up every Saturday at 12 noon…