The International Energy Agency projects global oil demand will exceed pre-pandemic levels this year. (WSJ)
Consumer prices in the U.K. rose at the fastest annual rate in nearly three decades last month. (WSJ)
Inflation in Canada reached its highest level in December since 1991. (WSJ)
Procter & Gamble’s quarterly sales rose 6% as higher prices for its goods offset rising freight and raw-materials costs. (WSJ)
Consumer-goods supplier Unilever is effectively walking away from its plan to buy GlaxoSmithKline’s consumer-healthcare business. (WSJ)
ProLogis says the average occupancy rate of its warehouses was 97.4% in the fourth quarter. (Dow Jones Newswires)
The White House will allocate about $14 billion to more than 500 projects at U.S. ports and waterways. (Associated Press)
The Biden administration named Robin Hutcheson deputy administrator and acting head of the Federal Motor Carrier Safety Administration. (Dow Jones Newswires)
The Teamsters union is petitioning for an organizing election for truck drivers who work for XPO Logistics at Southern California ports and railyards. (Dow Jones Newswires)
IKEA says it cut emissions across its supply chain by about 6% last year despite rising sales. (Reuters)
India is offering more than $10 billion in incentives to lure semiconductor manufacturers. (Nikkei Asia)
Shanghai’s government is offering to subsidize investment to bring semiconductor suppliers to the city. (South China Morning Post)
Raw-materials supplier Fiber Industries will spend $30 million to expand production in South Carolina. (Sourcing Journal)
Fastenal’s sales increased sharply during 2021 as the industrial supplier closed branches and expanded online capabilities. (Industrial Distribution)
Alphaliner says scrapping of container ships fell to a record low last year. (Lloyd’s List)
Two unions are taking steps to strike against BNSF Railway over new work rules. (La Junta Tribune Democrat)
A University of Akron study found that women in supply chain teams are more collaborative than men. (Logistics Management)
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