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Musk pins production issues on ‘supply chain nightmare’

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 …

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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 …

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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 …

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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 …

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