Latest news with #supplychain
Yahoo
an hour ago
- Automotive
- Yahoo
Tesla's $4.3B Battery Pivot Just Shook the Supply Chain--But Investors Didn't Cheer
Tesla (NASDAQ:TSLA) has just locked in a $4.3 billion deal with LG Energy Solution to source U.S.-made lithium iron phosphate (LFP) batteriesmarking a potential turning point for its energy storage business. The agreement, disclosed through LG Energy's regulatory filing, spans three years starting August 2027, with options to extend up to seven years and expand volumes. A person familiar with the matter confirmed Tesla as the customer, though both companies have declined to comment further. The move comes as Tesla looks to ease reliance on Chinese battery suppliers and offset the pressure from recent tariffs introduced by President Donald Trumptariffs that Tesla warned could disproportionately affect its Megapack unit. Warning! GuruFocus has detected 6 Warning Sign with IST:AKBNK. Investors have taken notice, as this is the second major South Koreabased supply chain deal Tesla has struck in less than a week. Just days earlier, it signed a $16.5 billion semiconductor contract with Samsung to manufacture its next-gen AI6 chip in Texas. Tesla has been vocal about its limitations in scaling LFP battery production domestically. CFO Vaibhav Taneja acknowledged in the April earnings call that existing equipment in its Lathrop factory could only support a small fraction of what's needed. He noted that Tesla has been actively working on building out non-China-based capacity, but admitted it will take time. This deal could represent a meaningful step in that direction. LG Energy has already begun LFP battery production in Michigan and is expanding output at a joint venture facility with GM in Tennessee. While Tesla shares were down nearly 1% as of 11:25 a.m., the move may reflect broader market sentiment or investor caution rather than a direct reaction to the LG Energy announcement. Meanwhile, CATLTesla's Chinese battery suppliersaw its shares plunge 7.7% in Hong Kong, marking their steepest single-day decline since listing. Markets may be beginning to price in a longer-term pivot in Tesla's procurement strategy, one that increasingly favors U.S.-built components amid a more protectionist trade environment and softening energy segment performance. This article first appeared on GuruFocus.
Bloomberg
2 hours ago
- Business
- Bloomberg
Airbus Suffers Cash Outflow as Engine Woes Delay Deliveries
By Updated on Save Airbus SE reported a cash outflow in the first half as supply-chain challenges with engines for its best-selling A320neo jet delayed deliveries of new aircraft. The world's biggest planemaker handed over 306 planes in the first six months of 2025, the lowest since 2022 when the aviation industry was still recovering from the Covid-19 pandemic. Airbus burned through €1.6 billion ($1.8 billion) in cash in the period, it said in a statement on Wednesday. That's twice as much as the €888.6 million estimated by analysts.
South China Morning Post
2 hours ago
- Business
- South China Morning Post
Trump's trade war latest challenge for 97-year-old Asian market in Seattle
Uwajimaya, the Seattle-based Asian grocer, has navigated hardship before. Not long after the family business opened its doors in 1928, it temporarily closed when founders Fujimatsu and Sadako Moriguchi and several of their children were incarcerated at a Japanese detention camp during World War II. More recently, the Covid-19 pandemic strained the grocery industry's supply chain, forcing Uwajimaya, among others, to raise prices. Now, President Donald Trump's rapidly shifting approach to tariffs and trade deals is causing a wave of economic uncertainty for the store chain that is likely to leave its customers feeling the pinch. The levies are just one more factor affecting grocery prices. With distributor and grocery margins where they are, it cannot all be absorbed by the distributors and the retailers,' said Uwajimaya's president and CEO Denise Moriguchi. 'For sure, it will be felt by everyone.' Last month, the US Bureau of Labor Statistics tracked an uptick in inflation in the Seattle-Tacoma-Bellevue area of Washington state, with regional costs jumping 2.7 per cent year over year. The upswing was partially attributed to tariffs. However, news of potential price increases at Uwajimaya isn't scaring off some of its loyal customers. Seattle resident Sara Louie, 29, said prices were skyrocketing across industries. 'Everything is expensive anyways,' Louie said.
Forbes
3 hours ago
- Business
- Forbes
The Supply Chain Reboot Starts With Women-Owned Businesses
The future of supply chain leadership is already at the table, powered by women. Tariffs are just the latest disruption exposing a hard truth: our global supply chain systems are outdated. Designed for cost efficiency in a different era, they're now vulnerable to challenges and feeling the strain. From labor shortages and workforce shakeups to geopolitical tensions, economic swings, material scarcity, and mounting trade regulations, the pressure is on. This moment, this pressure point, is an opportunity. Not just to fix it, but to rethink and reimagine the supply chain. To build something better, stronger, and smarter, and ready to adapt to whatever 2025 and beyond throws our way. And that starts by unlocking the leadership we've long undervalued. Less than 1% of global corporate supply chain spend goes to women-owned businesses. That's not just a statistic; it's a missed opportunity. Because the very skills modern supply chains demand, such as strategic foresight, adaptability, and collaboration, are exactly what women-owned businesses deliver. These aren't 'soft skills.' They are essential for navigating complexity, building resilience, and driving long-term growth. For decades, the 'just-in-time' model prioritized speed and efficiency over flexibility and sustainability. But today's world demands something different. Executives are juggling a long list of priorities: cost, resilience, traceability, sustainability, and stakeholder expectations. And the pressure is only growing. Women think a few steps ahead, and then activate. That's what the future of supply chain leadership requires. Women-owned businesses are: We're not just facing another economic disruption. We're facing a strategic reset. Tariffs may be the spark, but the system needs more than a patch, it needs a reboot. This is the moment to reimagine the future of global operations. If we want more resilient, responsive, and sustainable supply chains, we need the best talent at the table. That means tapping into the full potential of women in business, leaders who think long-term and lead with impact. The case for change is clear. The opportunity is now. Let's stop managing crises. Let's start building smarter. Powered by women. For everyone. #PowerofthePack #WomenInSupplyChain #BusinessOfInnovation #StrategicResilience
Yahoo
4 hours ago
- Business
- Yahoo
Echo Global Logistics Named 2025 3PL of the Year by SupplyTech Breakthrough
This marks the third year in a row Echo has won this award CHICAGO, July 30, 2025 /PRNewswire/ -- Echo Global Logistics, Inc. ("Echo"), a leading provider of technology-enabled transportation and supply chain management services, has been named 2025 3PL of the Year by SupplyTech Breakthrough. A segment of Tech Breakthrough, an organization which provides market intelligence, research, and recognition for programs in the technology sector, SupplyTech Breakthrough focuses on the supply chain industry, logistics technology and tools, and the services and companies which keep the supply chain moving. "It's an honor to be recognized for our advanced technology which simplifies transportation across the supply chain," said Doug Waggoner, Chief Executive Officer at Echo. "By continually advancing its services for shippers and carriers, Echo utilizes technology-enabled solutions to keep the supply chain moving." Echo leverages a variety of products in its technology suite. From EchoShip, a means to easily manage shipments online, to EchoDrive, a platform for carriers to book loads and handle paperwork, to EchoAccelerator, Echo's proprietary Transportation Management System (TMS), the company has built a robust, technology-enabled structure. Learn more about Echo's innovative tools by visiting "Leveraging our technology to enable a more streamlined transportation experience for our shippers and carriers is what Echo does best," said Zach Jecklin, Chief Information Officer at Echo. "Our technology is at the center of everything we do, and coupled with our team of dedicated experts, provides for an efficient and optimized supply chain." About Echo Global Logistics Echo Global Logistics, Inc. is a leading provider of technology-enabled transportation and supply chain management services. Headquartered in Chicago with more than 60 locations across North America, Echo offers freight brokerage and Managed Transportation Solutions for all major modes, including Truckload, Partial Truckload, LTL, Intermodal, Cross-Border, Temperature-Controlled shipping and warehousing, and Warehouse Services. Named one of Newsweek's Most Trusted Companies in America, Echo leverages its advanced, web-based and mobile app technology, analyzing data from its network of more than 50,000 transportation providers to help its 35,000 clients simplify the critical tasks involved in transportation management. For more information on Echo Global Logistics, visit: ECHO: Corporate MEDIA CONTACT: Christopher ClemmensenEVP of MarketingEcho Global Logistics312-784-2132 View original content to download multimedia: SOURCE Echo Global Logistics Sign in to access your portfolio
