Today's News - Operations, Supply Chain & More
Providing up-to-date news on the developments in operations, supply chain, and other sectors from around the globe.
- India to serve as a global supply chain automotive hub, this announcement was made by Renault-Nissan Alliance CEO Carlos Ghosn at the 2016 World Economic Forum in Davos, Switzerland. (Manufacturing Global)
- Complex supply chains pose risk for many companies, as they struggle to manage all aspects of their supply chains. The primary challenge is that companies are now required to take responsibility for the work of their suppliers. (Financial Times)
- A coalition of supply chain leaders in the retail industry recommend the modernization of US ports and the efficient flow of imports and exports, in their letter to Secretary Anthony Foxx of the US Department of Transportation. (Supply Chain Management Review)
- The strong demand in the UK is driving Amazon to create 2500 jobs in UK in 2016. (The Telegraph)
- Oil falls 3% today. Its impact is felt in the stock market and by the dollar which slipped also. (Reuters)
- Fire broke out at the Foxconn iPhone manufacturing facility in Zhengzhou China on Sunday. No casualties were reported. (Wall Street Journal)
- Confidence in the manufacturing sector in Germany has hit a 12-month low, the Ifo institute said. (Nasdaq)
- Ford motors to shut down operations in Indonesia and Japan by the end of 2016, due to lack of profitability in these markets. (Wall Street Journal)
- Shipping company, China Shipping Container Lines CSCL has warned investors that it had a net loss of $430-million in 2015 due to low freight rates and other industry issues. (JOC)
- Johnson Controls is acquiring Tyco International for $20-billion, and taking advantage of tax opportunities in Ireland. (Financial Times)