Chain

Carbon-conscious mining company Snow Lake Lithium and battery production specialist LG Energy Solution announced they have signed a Memorandum of Understanding (MOU) to establish a domestic supply chain of lithium in North America. When Snow Lake’s lithium mining operation gets up and running in 2025, it plans to supply LG with the precious Earth material essential to current EV battery chemistry. This domestic supply chain could help several automakers qualify for US federal tax credits as well. Snow Lake…

Ford CEO Jim Farley at the company's Dearborn, Michigan, plant where it's building the electric F-150 Lightning on April 26, 2022.CNBC | Michael WaylandDETROIT – Ford Motor on Thursday announced plans to restructure its global supply chain, days after the company said it expects to book an extra $1 billion in unexpected supplier costs during the third quarter.The supply chain restructuring aims to "support efficient and reliable sourcing of components, internal development of key technologies and capabilities, and…

Honda has reportedly said it will reduce car output by up to 40% at two of its domestic plants in early October because of ongoing supply chain and logistical problems. Reuters reported that two lines at Honda’s Suzuka plant will cut back output by about 40% in early October, while its assembly plant in Saitama prefecture will cut back production plans by about 30% for the period. Honda said announced that its domestic…

Image: Adobe Stock When it comes to dealing with global supply chain challenges, having data, insights and visibility to be able to react more quickly are helping companies gain a competitive edge, according to speakers during a session on the power of intelligence at the first day of Digital Procurement World in Amsterdam on Wednesday. Using artificial intelligence to transform supply chains More must-read AI coverage Supply chain transformation at Technicolor Connected Home, a provider of…

Productivity improvements have helped a wide range of industries—except the health care industry. From 1999 to 2014, productivity in the health care sector increased by just 8%, whereas other industries achieved far greater efficiency gains of 18%. While productivity comparisons between industries tend to be inaccurate, they do show health care lags far behind other industries in terms of productivity and potential. To operationally improve productivity in health care, two things must happen. First, data must be…

Cold Supply Chain networks are at the core of food and pharma supply chains and are vital in ensuring optimal temperature-controlled environments are provided during the storage and movement of these goods. While the cold supply chain in the country has been developing at a steady rate, with a good deal of tech adoption in the past few years, there are still a lot of challenges which needs to addressed so as to make it more effective and seamless. For starters, lack of real time update or regular monitoring of the…

Ford has said that it expects inflation related third quarter costs will be around $1bn above its previous plan, although it has stuck to its full year EBIT guidance of $11.5bn-$12.5bn. The company also made clear that its performance remains subject to shortages of parts that are holding up sales. It said it expects to have about 40,000 to 45,000 vehicles in inventory at end of third quarter ‘lacking certain parts…

2023 Ford F-150 Raptor RFordDETROIT – Ford Motor on Monday warned investors that the company expects to incur $1 billion more in costs than previously expected during the third quarter due to inflation and supply chain issues.Ford said supply problems have resulted in parts shortages affecting roughly 40,000 to 45,000 vehicles, largely high-margin trucks and SUVs, that haven't been able to reach dealers.The company expects to complete and deliver the vehicles to dealers in the fourth quarter and is still projecting 2022…

It begins with plants sucking synthetic contaminants up from the soil. Then insects munching on those greens get their fill of nanoplastics, followed by anything that eats them.Just as with heavy metals in the ocean, it turns out nanoplastics – plastic particles less than one micrometer in size – can also move up the food chain. These particles are primarily the result of bigger plastic pieces being weathered down by natural processes – sometimes by the animals ingesting them.Researchers from Europe, led by biologist…

This ETH merge, are you a baker, shaker, staker or maker? If you are into web3, the biggest news of the week in tech was not the massive Figma-Adobe deal. No, the leading story of the last few days — arguably even the last few weeks — has been the Ethereum Merge. The Merge, an upgrade to the Ethereum blockchain that moved it from a proof of work (PoW) to a proof of stake (PoS) system of consensus was a long-awaited shift that finally took place this week. And as the change in technology is…