U.S. factory orders rose 0.3% in April in a slowdown from the increase in March. (MarketWatch)
New applications in the U.S. for unemployment benefits dropped by 11,000 last week. (WSJ)
OPEC and its allies agreed to a bigger-than-expected oil-production increase. (WSJ)
Companies in Shanghai are beginning to bring back employees and restore supply chains as the city tries to rebound after a two-month anti-Covid shutdown. (WSJ)
Global buyout giant EQT is nearing a deal to acquire Envirotainer in a deal that values the refrigerated shipping specialist at about $3 billion. (WSJ)
The German government declined Volkswagen’s request for risk insurance for the car maker’s operations in China, citing human rights issues. (WSJ)
Hormel Foods warned that an escalating bird-flu outbreak in the U.S. could squeeze turkey supply starting this quarter. (WSJ)
Alibaba is building up its capacity to deliver online orders to stem a loss of business to rivals including JD.com and Pinduoduo. (Nikkei Asia)
China is scaling up efforts to reduce the country’s reliance on imported iron ore. (Caixin Global)
Daimler Truck sees signs of relief in the global semiconductor shortage. (Bloomberg)
Walmart is increasingly using its roughly 4,700 stores in the U.S. as hubs for e-commerce fulfillment. (CNBC)
Lawmakers say Amazon hasn’t turned over documents in a congressional investigation into the company’s labor practices during severe weather events. (Industrial Distribution)
Cold storage giant Lineage Logistics acquired supply-chain software supplier Turvo in a push into deeper logistics services. (Supply Chain Quarterly)
Apparel retailer American Eagle has added Saks Off Fifth and Fanatics as customers for its Quiet Logistics business. (Supply Chain Dive)
China Merchants Port issued $500 million in bonds to pay off existing debt and fund operations. (Lloyd’s List)
Supply-chain software security startup Chainguard raised $50 million in a Series A funding round. (TechCrunch)
Gartner named Cisco as the world’s best-performing supply chain for the third straight year. (DC Velocity)
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