SupplyChainIssues

Boeing's Turbulent Skies: The New CEO Faces Ongoing Challenges in a Cycle of Setbacks

2 months ago

The aerospace giant Boeing continues to grapple with persistent issues, creating significant challenges for its freshly appointed CEO, Brian Ortberg. Despite a new leadership structure, the company is trapped in what some are calling an 'endless doom loop', characterized by operational difficulties, supply chain disruptions, and heightened scrutiny from regulators.

Northvolt Unit's Bankruptcy Filing Halts Ambitious Swedish Expansion Plans

3 months ago

In a significant development, Northvolt's subsidiary has filed for bankruptcy protection, a move that halts the company's ambitious expansion efforts in Sweden. The Swedish company has been a pivotal player in the European battery market, riding the wave of demand amid the global shift towards electric vehicles and renewable energy technologies.

US Manufacturing Activity Contracts for a Sixth Straight Month

3 months ago

US manufacturing has continued to struggle, as recent data from the Institute for Supply Management showed that the contraction in manufacturing activity continued for the sixth month in a row. This trend of declining output underlines the ongoing difficulties faced by the sector, which has struggled with an array of supply chain issues, labor shortages, and geopolitical tensions.

Electric Car Slowdown: Why EV Sales Are Struggling

3 months ago

The hitherto high-flying electric vehicle market has been rather unexpectedly tanking lately. Although the climate crisis would theoretically mount pressure on industry players to shift towards greener alternatives, the sales of late reflect a notable slump in electric car purchases globally. Some worrisome trends have started to raise the most relevant questions about the future of electric mobility.

Volkswagen's Second Profit Warning Exposes a Carmaker in Decline

3 months ago

The Volkswagen Group's second warning on profits in a couple of months is sending shockwaves across the car sector, casting aspersions over the health and outlook of the company. Indeed, the decline of the German car manufacturer is now increasingly evident with the company beset by eroding margins and persistent operational pressures.