Surveys of purchasing managers in the U.S. and Europe show strong business demand is leading to record price increases. (WSJ)
The U.S. and several other countries will tap their national strategic petroleum reserves in an attempt to bring down fuel prices. (WSJ)
Turkey’s lira tumbled as much as 18% against the dollar to a fresh record low. (WSJ)
Lumber futures prices have jumped 44% in a week on supply concerns because of the British Columbia flooding. (WSJ)
A federal jury found that companies that own CVS, Walgreens and Walmart pharmacies were liable for contributing to the opioid epidemic in two Ohio counties. (WSJ)
The Justice Department is seeking to block U.S. Sugar’s proposed purchase of rival Imperial Sugar on antitrust grounds. (WSJ)
Gap says supply-chain disruptions shaved about 8% off the apparel retailer’s sales for the quarter. (WSJ)
J.M. Smucker’s third-quarter sales expanded but gross margins fell sharply on rising costs. (WSJ)
U.S. gasoline barges are heading to Vancouver, British Columbia, to mitigate fuel shortages in the wake of widespread flooding. (Vancouver Sun)
Amazon is adding a layer of “upstream” warehouses to feed its distribution centers. (The Loadstar)
Walmart made its first delivery with a drone that was operated from an Arkansas store. (Supermarket News)
Tupperware will idle some factories after lower-than-expected demand left the company with too much inventory. (Supply Chain Dive)
Textile manufacturers face a reduced cotton harvest in 2022 along with increased demand. (Sourcing Journal)
China has blocked public access to shipping location data, citing national security concerns. (Financial Times)
Strong liquefied natural gas demand has pushed spot rates for LNG carriers to as much as $424,000 per day. (Lloyd’s List)
Cosco Shipping is taking a minority stake in Chinese express carrier SF Holdings. (Journal of Commerce)
California’s Port Hueneme will use a U.S. Navy yard to handle some overflow container volume. (Maritime Executive)
Shipping line Hapag-Lloyd is asking customers to divert refrigerated cargoes from China’s Dalian port because of Covid-19 lockdowns. (Port Technology)
Detlef Trefzger will step down as CEO of freight forwarder Kuehne + Nagel and management board member Stefan Paul will succeed him. (Dow Jones Newswires)
Japanese developer Daiwa House Industry will launch an international logistics business in Southeast Asia. (Nikkei Asia)
Chief supply chain officers are the new stars of the C-suite. (Business of Fashion)
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