News Round Up 25th March

All things impacting global supply chains this week.Importance of labelling for cross border checks and quality controlBrexit problems continue to disrupt supply chains in the UK adding additional costs and friction with added risks and reputational damage to many businessesAverage inventories have increased for many businesses since the pandemic with higher risk and cost trying to make supply chains resilientInterest rate rises in the US and the UK to combat inflationCPI in the UK rose to 10.4 per centTik Tok CEO is interrogated about data privacy by the House Energy and Commerce Committee on Capitol Hill. Government employees in the US and UK have been instructed not to use Tik Tok on work devices.SVB hit problems last week and reassurances were given by the banking industry that this was not a systemic crisis. This week Credit Suisse Bank is rescued by UBS.Accenture sheds 2.5 per cent of its global workforceFriendshoring impacts global GDP according to the WTO. It is a key policy instrument for US Government to make supply chains resilient.A year ago the IMF said social unrest could damage global supply chains and impact GDP of nation states. This week we were reminded again with the protests in France against the introduction of pension reforms. We also have lots of strikes around the globe as inflation puts pressure on the cost of living for many.FedEx is making changes to its operations with cost cutting measures to improve profitability.Send us Fan MailSupport the show THANKS FOR LISTENING PLEASE SUPPORT THE SHOW You can support the podcast by following the link here. It makes a big difference and helps us make great content for you to listen to. Follow like and share the Chain Reaction Podcast with colleagues and friends on social media: Facebook, Twitter, LinkedIn.News about forthcoming programmes click hereSHAREPlease share the link with others so they can listen too https://chainreaction.buzzsprout.com/shareLET US KNOWIf you have any comments, suggestions or questions then just direct message on Linkedin or X (Twitter)REVIEW AND RATE If you like the show please rate and review it. Every vote helps.About Tony Hines and the Chain Reaction Podcast – All About Supply Chain AdvantageI have been researching and writing about supply chains for over 25 years. I wrote my first book on supply chain strategies in the early 2000s. The latest edition is published in 2024 available from Routledge, Amazon and all good book stores. Each week we have special episodes on particular topics relating to supply chains. We have a weekly news round up every Saturday at 12 noon. ...