Supply Chain News Round Up 12th March

Oil prices steadied this week but consumer and business costs are still rising as a result of recent increases. Food inflation is giving cause for concern.This week as Russia's invasion of Ukraine continues many of the world's largest brands have pulled out of Russia closing plants, retail stores and pausing operations. Payment system providers such as Visa, Mastercard and Pay Pal have also withdrawn. Shipping volumes to Russia fell by 40 per cent in the first week of March. Many Russian flagged or owned ships have been turned away from UK ports in the past week. Some big freight companies such as Maersk are no longer sailing in or out of Russian ports.Maersk is also developing green fuels to power its new ships. Sony and Honda have formed a joint company to produce electric vehicles. Container dwell times have led to increased criminal activities at seaports. Link to report mentioned in podcast:This report explores the use of EPR, which sees producers cover the costs of dealing with textiles at their end of life, as a mechanism through which to drive circularity in the textiles market. The report recommends the implementation of EPR alongside supporting measures that incentivise eco-design.https://www.eunomia.co.uk/reports-tools/driving-a-circular-economy-for-textiles-through-epr/ 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. ...