Musk acknowledged supply chain issues in a Twitter post on Monday after being asked for an update on the Cybertruck, which was unveiled in November 2019 just before the Covid-19 pandemic. “Oh man, this year has been such a supply chain nightmare & it’s not over!” Musk declared, promising to …
Read More »Global supply crisis is here to stay and will make you pay more
The Covid-19 pandemic has impacted trade around the world, causing product shortages and pushing up prices. The ongoing disruptions are hitting global growth. What are global supply chains? Global supply chains are networks that span all continents and countries for the purpose of sourcing and supplying goods and services. It …
Read More »Gazprom will halt gas supply to Moldova in 48 hours – spokesman
“Today is the scheduled date of payment. Yet, there is no payment,” Sergey Kupriyanov, Gazprom board chairman’s spokesman, said in a statement, adding that the energy giant is “extremely disappointed” with Moldova’s failure to fulfill its obligations under the recently extended contract. The deal was struck in late October following …
Read More »Samsung outlines plan to help US out of chip-supply shortage
Lee met with state officials in Washington to discuss potential ways to overcome the continuing semiconductor supply shortage. They also discussed incentives to be offered to Samsung if the South Korean company builds a plant in the US, Yonhap said, citing unidentified people at the firm. The Texan city of …
Read More »RT’s Keiser Report in quest of solution to global supply-chain crisis
According to the expert, the current crisis comes as a result of an interconnected and highly complex supply chain that has been built over the past two decades and is highly reliable on imports. “If you have a bottleneck anywhere in that process, it breaks down,” Denninger said. For more …
Read More »Oil prices drop as China releases fuel reserves to beef up domestic supply
Brent crude futures fell 0.4% to $83.43 a barrel by 4:00am GMT. US benchmark West Texas Intermediate (WTI) crude futures lost 0.5%, trading at $83.17. The downward trend came after China’s National Food and Strategic Reserves Administration announced that it had released gasoline and diesel reserves to the market on …
Read More »‘That’s what getting everybody vaccinated is all about’: Buttigieg admits US supply chain issues won’t end until pandemic does
Confronted about the supply chain issues by Fox News’ Chris Wallace – including the fact that standstills at the Port of Los Angeles have only worsened after it began operating on a 24/7 basis – Buttigieg could only say that businesses should expect relief from the issues when the pandemic …
Read More »Gazprom strikes gas supply deal with Moldova on ‘mutually beneficial terms,’ averting emergency
Gazprom and Chisinau “have extended the contract on the Russian gas supplies to the Moldovan customers for five years, starting on November 1,” the company said late on Friday in a short statement. The deal was struck on “mutually beneficial terms,” it added. The deal comes after weeks of stalled …
Read More »Bill Gates says nuclear power ensures ‘reliability’ of energy supply, warns of public ‘backlash’ against carbon tax, price hikes
The Handelsblatt newspaper asked Gates whether Germany’s move to completely phase out nuclear power next year was a mistake. The businessman said each country must decide for itself if it wants to shut down existing reactors, but doing so “makes it harder to guarantee the security of [the energy] supply …
Read More »Amid gas supply shortages & surging prices, Putin directs Gazprom to fill EU storage units once Russian domestic demand satisfied
Russia’s own gas reserves have been under pressure this autumn, due to a perfect storm of negative conditions: an abnormally cold winter last year, and a frosty fall, combined with increased demand as the country’s economy recovered from the effects of the Covid-19 pandemic. “[Pumping more gas to Western Europe] …
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