Nickel suppliers are cutting production amid a glut of the critical material in electric-vehicle batteries. BHP Group, the world’s biggest miner by market value, is the latest company to say it will pull back output closely tied to electric-vehicle business. The WSJ’s Rhiannon Hoyle reports the decision to mothball its Australian nickel operations later this year follows a downturn in battery-metals markets that has left a trail of mine closures and job losses. Prices for nickel have nearly halved since the start of last year as cheap Indonesian exports have swamped the global market. The suspension of BHP’s operations cuts off a key Western source of nickel capable of supplying enough metal to make 700,000 EV batteries each year. It represents a blow to U.S. efforts to lessen American companies’ dependency on China, which has been tightening its grip on nickel supply with investments in Indonesia.

Signs of stress among inflation-weary shoppers offer ominous prospects for retail demand this fall. Packaged-food giants PepsiCo and Conagra Brands say the impact of higher consumer costs cut into their sales last quarter. The WSJ’s Nicholas G. Miller reports consumers are feeling the cumulative impact of years of steep price hikes even as inflation now is moderating in the U.S. Pepsi says sales volume fell 4% from last year in its Frito-Lay North America business. Conagra’s sales volume dropped 1.8%. The food supplier is cutting prices to regain customers, but CEO Sean Connolly says demand will return only gradually. The WSJ’s Aaron Back writes in Heard on the Street that the consumer-goods companies’ earnings suggest consumers may further slow their spending. That may cut into shipping volumes this year even as global demand is heating up in an early start to the peak shipping season this summer.

• Consumer inflation in the U.S. contracted 0.1% from May to June. (WSJ)

New U.S. unemployment claims fell sharply to the lowest level since late May. (MarketWatch)

The U.K.’s gross domestic product expanded 0.4% in May from a month earlier. (WSJ)

The International Energy Agency trimmed its forecast for oil-demand growth next year. (WSJ)

Hasbro promoted Stephanie Beal to supply chain chief as part of the toy maker’s turnaround efforts following slowing post-pandemic sales. (WSJ)

U.K. regulators say Amazon risks a formal investigation if the e-commerce giant doesn’t improve its treatment of grocery suppliers. (WSJ)

Delta Air Lines’ second-quarter profit fell 29% from last year amid overcapacity and higher fuel costs. (WSJ)

The owner of movie-rental service Redbox will shut down its business in bankruptcy. (WSJ)

Uniqlo owner Fast Retailing raised its profit outlook on strong growth in overseas sales. (WSJ)

Online fast-fashion giant Shein will invest about $270 million in the U.K. and Europe over the next five years to address industry waste. (WSJ)

Amazon said effectively all its electricity last year came from sources that did not produce greenhouse gas emissions. (New York Times)

Bad weather and high seas off South Africa are disrupting most shipping in the region, with forecasters warning of more storms to come. (Maritime Executive)

An organization representing container lines is asking U.S. regulators to postpone implementation of new demurrage and detention rules. (Loadstar)

European importers of lower-margin goods and bulkier products from Asia are curbing shipments amid soaring ocean rates. (Journal of Commerce)

Move Logistics CEO Craig Evans resigned from his position at the New Zealand freight operator effective Oct. 24. (Dow Jones Newswires)

U.S. industrial real-estate developer Panattoni started construction on its first project in India, a warehouse park near Delhi. (India Shipping News)

Japanese factory robot maker Fanuc opened a $110 million facility in Michigan to store, sell and maintain robots in North America. (Nikkei Asia)

A trucker on a Louisiana interstate found a 1-year-old boy crawling in a roadside ditch following Hurricane Beryl. (Washington Post)

• Discount retailer Dollar General is streamlining its supply chain to get better control of its consumer-goods inventories spread across its more than 20,000 U.S. stores.
• Climate-tech investments were frequently a bright spot in a largely gloomy venture market over the past couple of years. No longer.
• Corporate tech leaders are looking for ways generative AI can not only boost efficiency but also generate actual revenue.
• Juries are going “nuclear” with greater frequency, imposing giant verdicts on corporations as they seek to stand up for the little guy.
• 🎧 Listen to Microsoft’s sustainability chief discuss the company’s plans to reduce carbon emissions and help establish new power sources for its data center and AI expansions.

Paul Page is editor of WSJ Logistics Report. Reach him at paul.page@wsj.com.

Follow the WSJ Logistics Report team: @PaulPage, @bylizyoung and @pdberger. Follow the WSJ Logistics Report on X at @WSJLogistics.