Issue 2: Supply Chain Scoop

Intro

Although supply chains are healthier than they have been in some time as we hit the middle of 2024, are there signs of something more disturbing bubbling under the surface, and will supply chains be able to cope??

This issue we cover how manufacturing and supply chain investment are on the up, but threats in the Red Sea, talk of port strikes and a growing risk of trade war may put pressure onto supply chains once more, which may rapidly become an issue due to persistent visibility gaps.??

Newsletter Content

Article of The Week

Upstream visibility a huge challenge for European supply chains says survey

97% lack full visibility of tier three suppliers

Top 5 'Need to Know'

1.? Trauma from Red Sea attacks adds to seafarer shortage

When a missile fired by Yemen's Houthi Islamists landed near his ship in the Red Sea, Costas Rassias vowed to stop sailing through the perilous waters.

2.? Shipping industry urges Red Sea action as Houthis sink second vessel

Urgent action must be taken in the Red Sea to stop attacks on merchant shipping by Yemen's Houthis, leading industry groups said on Wednesday, after the sinking of a second ship.

3.? U.S. East Coast port union strike threat to test shippers' nerves

Labour talks at U.S. ports on the East Coast and Gulf of Mexico are a looming risk for retailers, manufacturers and other shippers already grappling with longer transit times and higher costs.

4.??EU hits Chinese EVs with tariffs, drawing rebuke from Beijing

The European Commission said it will impose extra duties of up to 38.1% on imported Chinese electric cars from July, risking retaliation from Beijing which said on Wednesday it would take measures to safeguard its interests.

5.??More worries for China, sales at big e-commerce festival drop for first time

Sales fell for the first time ever at China's blowout mid-year e-commerce sales festival as consumers remain cautious about spending as the economy sputters, according to third-party data estimates released on Wednesday.

Something to Watch

From Us

• More green shoots in global manufacturing finds GEP Index

Purchase orders, backlogs and demand for inputs all on the up in good sign for global factories and supply chains

• Investment in US and European supply chains rising strongly in 2024

Average investment into supply chain improvement over the last year tops $10 million per company says research

Webinars and Reports

The State of European Supply Chains

Innovate or Stagnate: Digitally Transforming Supply Chains for Success

Reuters Events in Conversation with Coca Cola Europacific Partners

Meet the Experts at Our Events

Supply Chain Europe 2024 (October 28-29, Amsterdam)

Learn from leaders at The Coca Cola Company, Rolls Royce, Shell, LVMH and many more...

SALES WEEK!

As logistics and planning leaders try to work out how digital transformation, proactive risk mitigation, and an upskilled workforce can help them exceed customer expectations, we wanted to let you know that for this week only, we will be able to offer a €400 discount on your pass for Reuters Events: Supply Chain Europe 2024 (28-29 October, Amsterdam).

To secure your discount, use the code EXCEED400 at checkout and you’ll get €400 taken off the price of each pass. This offer expires EOB this Friday 21st.

Save €400 today! Click here to register your place at Supply Chain Europe 2024?

Have questions about Reuters Events content or conferences? Connect with the team; we're happy to help.

Abigail Blackwell - Global Project Director

Hew Rous-Eyre - Global Project Director

Paddy Le Count - Head of Supply Chain

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