The recent floods in Germany and other parts of Western Europe, including Belgium, Luxembourg, and the Netherlands, affected areas that are home to industrial zones that host dozens of high-precision manufacturing suppliers that supply specialized parts for the automotive, aerospace, technology, and mechanical engineering sectors. The extent of flood damages implies...
Manufacturing facilities in Germany, the Netherlands, Luxembourg and Belgium are expected to bear the brunt of the damage from the floods, supply chain risk management firm Everstream told CNBC via email. Many suppliers that provide specialized parts for the auto, technology and aerospace industries are based there, said Shehrina...
Add another log to the fire that is choking global supply chains. Strict lockdown measures to suppress Vietnam’s worst outbreak of COVID infections since the pandemic began are severely curtailing factory production, especially for electronics, footwear, apparel and textiles, and ocean terminals lack sufficient equipment to export goods. And the...
HHS is also investigating ways to expand the production of raw materials needed to make these products. Rather than requesting specific supplies, the effort focuses on expanding the entire industry. The requests are described as “market research.” Background: Medical gowns and surgical gloves were some of the hardest products to find during...
Reports said the action, which also injured Moïse’s wife Martine Marie Etienne Joseph, inflicted more chaos on the unstable Caribbean country that was already seeing an escalation of gang violence and anti-government protests. The Associated Press (AP) reported that Claude Joseph, the interim prime minister, said the police and...
