Latest news with #supplyChain
The Sun
5 hours ago
- Business
- The Sun
Cyber attack forces desperate Co-op into flogging Christmas pastries in MAY
CO-OP stores started flogging Christmas pastries in May — amid stock supply chaos after a crippling cyber attack. In a desperate bid to fill empty shelves the chain shipped out the chicken and cranberry Festive Slices to some supermarkets. The £1.90 treats are typically sold in November and December. But ongoing online problems meant they were available again last week. Co-op's internal ordering system was hit by a cyber attack last month before the retailer pulled the plug on its own software to limit the damage. As a result some branches have been sent the winter warmers instead of the anticipated summer supplies. One staff member told The Sun: 'They sent them, so we cooked them. 'It was a bit strange, but we have to keep items on the shelves or customers will go elsewhere. "Customers have been a bit confused, but it's still a good product. "They've actually been quite popular despite being so out of season.' Private customer data was stolen in the hack but the Co-op said that did not include passwords, bank or credit card details. A spokesman said: 'Stock availability has improved and we continue to work closely with our suppliers.'
CNN
3 days ago
- Business
- CNN
Latin American ports brace for cargo shifts as US-China trade war stands on fragile truce
Lingering tensions between the US and China have ports across Latin America bracing for cargo shifts, despite the fragile trade war truce between Washington and Beijing. CNN's Dario Klein visited a soy cargo port in Nueva Palmira, Uruguay, to see how the uncertainty could bode for them and neighboring nations as supply chain experts warn decades-old trade networks could unravel amid growing uncertainty.
Reuters
4 days ago
- Business
- Reuters
Airbus warns airlines that delays will last three years, sources say
PARIS, May 28 (Reuters) - Airbus ( opens new tab is warning airlines that delays in deliveries will persist for another three years as it works through a backlog of supply chain problems, industry sources said. The cautious tone on deliveries was reinforced at a recent customer gathering in Toulouse and increases pressure on Airbus to demonstrate progress towards a goal of increasing production of its main model to 75 jets a month, they added. "Airbus is talking about delays to aircraft in both 2027 and 2028," a senior airline executive said, adding the delays were being communicated in piecemeal fashion every few months. Another source said aircraft due for delivery later this decade had already been pencilled in for a six-month delay. "There is no real sign of improvement," said a third person following a recent customer presentation. "We are working together with suppliers to mitigate the impact of the current situation on our customers," an Airbus spokesperson said.
Associated Press
5 days ago
- Business
- Associated Press
Trade Tensions Reshaping U.S. Corporate Strategy, HSBC Survey Finds
NEW YORK--(BUSINESS WIRE)--May 28, 2025-- U.S. companies remain optimistic about future international expansion despite facing cost pressures, disrupted supply chains and ongoing uncertainty more acutely when compared to global peers, according to HSBC's inaugural Trade Pulse survey . Despite current headwinds, American businesses remain optimistic about long term international growth and most are increasing reliance on the U.S. market in the immediate term. The survey captured responses from over 5,700 internationally active companies across 13 global markets, including 1,000 based in the United States. Key Findings: These findings reflect a complex trade environment – one where U.S. firms are rethinking supply chains, reassessing investment decisions, and adapting pricing strategies. Nearly three-quarters of respondents say they have paused or reconsidered long-term investments due to policy uncertainty, and 52% report difficulty forecasting costs or demand for the year ahead. The changing landscape is prompting a recalibration of global strategies as companies delay new investment decisions and look to shift operations. U.S. firms are more likely than global peers to pivot towards domestic markets in the short term and exit higher risk markets. Despite these headwinds, U.S. corporates remain confident in international growth prospects over the long term with nearly all (93%) respondents saying they expect to grow international trade over the next two years. Companies are also looking to innovate during this time of disruption, with 79% saying the current uncertainty is encouraging their business to evolve and explore new opportunities. American companies are more likely than global respondents to use this moment to drive innovation and future readiness: 'American companies are extremely resilient,' said Ajit Menon, U.S. Head of Global Trade Solutions. 'They're feeling the strain of rising costs and economic uncertainty, but many are responding with agility – digitizing operations, strengthening supply chains and redesigning growth strategies to compete globally. As the world's leading trade bank, HSBC is seeing firsthand how resilient and forward looking our clients are even in the most challenging conditions. We are uniquely qualified to help our clients navigate global complexity.' About the Trade Pulse Survey HSBC's Trade Pulse survey was conducted between April 30 and May 12, 2025, across 13 markets: Bangladesh, France, Germany, Hong Kong, India, Mainland China, Malaysia, Mexico, Singapore, UAE, United Kingdom, USA, and Vietnam. The survey captured perspectives from SMEs and mid-market companies with international operations and revenues between $50 million and $2 billion. HSBC Holdings plc HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 58 countries and territories. With assets of US$3,054bn at 31 March 2025, HSBC is one of the world's largest banking and financial services organizations. View source version on CONTACT: Media Inquiries to: New York – Elena Connolly, Head of U.S. Communications, CIB,[email protected] KEYWORD: NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: FINANCE BUSINESS BANKING PROFESSIONAL SERVICES ASSET MANAGEMENT SOURCE: HSBC Holdings plc Copyright Business Wire 2025. PUB: 05/28/2025 07:45 AM/DISC: 05/28/2025 07:43 AM
Bloomberg
23-05-2025
- Business
- Bloomberg
US Firms Face Biggest Hit From Trump Tariffs, HSBC Survey Shows
US businesses are the most worried about the impact of President Donald Trump's shifting tariff policies on their revenues, with more than half projecting a hit of at least 25% to their revenue, according to a survey by HSBC Holdings Plc. About a quarter of US companies that took part in the British lender's trade survey released Friday said they were forecasting their revenues more than halving over the next two years due to the impact of the levies on their supply chains.
