The balance of power between retailers and their suppliers has turned around, and that’s spreading new strains across supply chains. Walmart CEO Doug McMillon set a stark tone last month when he told Sam’s Club suppliers the retail giant would push back against efforts to raise prices. The WSJ’s Sarah Nassauer and Sharon Terlep report the event signaled that Walmart is once again flexing its price-cutting muscle as a slowing economy and an inventory glut upend a power dynamic between retailers and suppliers that took hold during the pandemic. Rivals including Target and Amazon are taking a similar stance, as big retailers cancel orders, reject price increases and press for discounts despite widespread inflation. The pullback from retailers is spreading across numerous companies that make products sold in stores, triggering job cuts and reduced production as manufacturers find their customers more interested in culling inventories than adding products.

• Quarterly profits at Tyson Foods fell sharply despite a 7% gain in sales driven by price increases. (WSJ)

The overstuffed inventories in retailer warehouses are reaching sales floors in the form of extensive and very early holiday sales. Retailers are dangling big sales well ahead of Black Friday, the WSJ’s Suzanne Kapner reports, in a sharp reversal from a period in which scarcity allowed stores to charge full price for many products. Stores have solved those supply chain problems and then some, and the result could be thinner profit margins, particularly for apparel retailers who are under acute pressure to lower prices. The factory closures, shipping delays and other supply-chain problems that kept goods in scarce supply over the past two years helped retailers break a cycle of overbuying and discounting that had eroded profits for decades. But the interlude was short lived. Of 150 U.S. retail executives polled in September by Accenture, more than a third said their companies are using deep discounts to unload excess stock.

• U.K. clothing chain Joules is set to file for insolvency. (Bloomberg)

Efforts to convince some nations to transition away from coal may turn to dust. A group of rich countries plans this week to complete a deal to help Indonesia pay for a shift from coal. But the WSJ’s Gabriele Steinhauser and Ed Ballard report that a similar agreement reached last year with South Africa is being criticized for burdening the country with more debt and containing too few outright grants. The outcry from political leaders including the country’s president suggest it will be more complicated and expensive to reset electrical grids to accommodate renewable-energy sources and to support coal communities. The tough financial calculation, along with broader upheaval in energy markets, is maintaining coal’s role in global supply chains. Coal transports on U.S. railroads were up 5.8% year-over-year in October, according to the Association of American Railroads.

• Fiber supplier Lenzing will start manufacturing carbon-neutral materials in the U.S. and ship the goods by rail to reduce emissions. (Sourcing Journal)

Japan’s economy contracted for the first time in a year in the third quarter. (WSJ)

OPEC left its forecast for global oil supply and demand largely unchanged, as it warned of major uncertainty in energy markets. (WSJ)

Amazon is set to lay off thousands of workers in new cost-cutting efforts likely to hit its devices business and the retail side. (WSJ)

Amazon faces a $1 billion lawsuit in Britain alleging it has broken U.K. and European competition law in its e-commerce business. (WSJ)

FedEx Freight says it will offer some of the “small number” of workers it is furloughing a permanent transfer to other markets that are hiring. (Dow Jones Newswires)

Cindy Sanborn, the first woman to serve as chief operating officer of a major U.S. railroad, is stepping down from her post at Norfolk Southern. (WSJ)

Daimler Truck says the truck manufacturing supply chain remains “broken,” with various components still in short supply. (Financial Times)

Japanese trading house Mitsui & Co. will launch a logistics business using self-driving trucks as early as 2026. (Nikkei Asia)

Southeast Asian e-commerce company Shopee started its third round of job cuts this year. (Straits Times)

Greek shipowners have sharply stepped up their orders for new vessels. (Seatrade Maritime)

A Florida furniture issue told U.S. regulators that Maersk Line and its Hamburg Süd subsidiary are failing to meet contractual obligations and manipulating the market. (The Loadstar)

Mozambique shipped its first load of liquefied natural gas to Europe. (Maritime Executive)

Microsoft is offering supply-chain management tools in a bid to expand in the industrial technology sector. (Supply Chain Dive)

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 Twitter at @WSJLogistics.