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Empower Better Sourcing Decisions with a Digital Supply Chain Platform  

What you don’t know about your suppliers can harm your business and its profitability. Here’s how a digital supply chain platform can help.  Key Takeaways Reactive decisions about sourcing can lead to selecting non-compliant vendors just to keep product and revenue flowing  In today’s business environment, that’s a dangerous way to operate  85% of global […]

Empyrean Cashews IPO GMP, Review, Price, Allotment

Empyrean Cashews IPO description – The company is engaged in processing raw cashew nuts into finished cashew kernels in different flavours, with a presence in more than 26 tier II and tier III towns and cities. It primarily caters to the domestic market with a network of more than 30 distributors across India. The company procures […]

WWE 2K22 MyRISE: Career Mode is packed with a story for everyone

Pave your way to the WWE Hall of Fame in this new story

Crisis du Jour: Automakers Facing “More Than One Curveball,” Says Mercedes Chief

The auto industry is experiencing tough times right now, and Mercedes-Benz CEO Ola Källenius confirmed that, noting the company is dealing with "more than one curveball." Find out more from TheDetroitBureau's time with the executive.

Tesla gave Morgan Stanley a tour of its CA factory, and expansion sounds like a no-brainer

Morgan Stanley analysts Adam Jonas detailed a recent tour of Tesla’s Fremont Factory in Northern California, which included test drives of the Model 3, Y, and S Plaid. Based on Jonas’ synopsis of the plant, an expansion of the California plant may be just what the company needs, especially as CEO Elon Musk hinted that […]

The post Tesla gave Morgan Stanley a tour of its CA factory, and expansion sounds like a no-brainer appeared first on TESLARATI.

Tesla Raises Prices — Again — as It Preps for Production in Germany

For the second time in less than a week, Tesla’s raised prices on its vehicles in the U.S. and China. The double-digit jumps come as the company is preparing to finally begin production at its Gigafactory in Germany. Get details at TheDetroitBureau.com.

Elon Musk Says He Won’t Sell Bitcoin (BTC) and Two Other Crypto Assets Amid Rising Inflation

Tesla CEO Elon Musk is revealing plans to continue holding on to the cryptocurrencies he owns as inflation in the US reaches a four-decade high. Musk says in a tweet that Tesla and SpaceX are feeling the effects of high inflation just like other corporations and households as the cost of living and doing business […]

The post Elon Musk Says He Won’t Sell Bitcoin (BTC) and Two Other Crypto Assets Amid Rising Inflation appeared first on The Daily Hodl.

Ukraine repercussions place 2.6mn vehicles at risk in 2022: S&P Global Mobility

With conflict in Ukraine comes more reminders of the fragility of the world's automotive supply chains. The March light vehicle production update from S&P Global Mobility (formerly the automotive team at IHS Markit) is likely to downgrade its 2022 forecast by 2.6mn units (i.e. to 81.6 million). The downgrade decomposition will broadly comprise just under 1mn units from lost demand in Russia and Ukraine; and the remainder split between 1) worsening semiconductor supply issues, and 2) loss of Ukraine-sourced wiring harnesses and other components respectively. In addition, the complete loss of Russian palladium is a tail risk with the potential to become the industry's biggest supply constraint.

Pent-up demand reduced by roughly one third

Pre-Ukraine invasion on 24th Feb, the global auto industry had already spent over a year under capacity constrained conditions, with (we estimate) pent up consumer demand up to 10mn units (or 12%) above this year's achievable production. The sudden loss of economic confidence (via high oil and raw material prices, weak equity markets, and tightening interest rates) is dampening demand, and could now reduce that shortfall by roughly one third - though significant pent-up demand remains.

Supply chain remains the constraining factor

While the macro concerns are significant, the supply chain (and not underlying consumer demand) will continue to set the upper limit for vehicle unit sales in the medium term. The key crunch points weighing on production levels post invasion fall into two broad categories: Semiconductor materials supply (specifically via Ukrainian neon and Russian palladium), and electrical wiring harness sourcing.

Specialist material outages could curtail semiconductor recovery

Semiconductor supply challenges are worsening on two fronts: First, via neon gas supply disruptions. Ukraine's firms control around half of high purity neon supply to the semiconductor industry, where the element is used in lasers that etch patterns onto chips. Our channel checks suggest immediate risks are low thanks to semiconductor makers holding sufficient gas inventory, but visibility is poor. The second challenge is availability of palladium, used in semiconductor plating and finishing. In an additional negative twist, China COVID-19 cases at a 2 year high are triggering quarantines and plant closures in northeastern manufacturing hubs including Shenzhen and Changchun. All of the above raise the risk of losses from 'stranded' chips, i.e. semiconductors for which the 'right' car cannot be built due to other constraints.

Ukraine wiring harnesses difficult to substitute

Our channel checks suggest Ukraine-built wiring harnesses were likely destined for around 0.5 to 1mn vehicles pre-invasion. These harnesses comprise complex and manually constructed assemblages of cable. Although some dual sourcing arrangements exist, for the most part switching will be difficult due to already-constrained harness capacity in and around Europe. Production relocations could take 3-10 months due to wait times on machinery and multi-month staff training times. Almost half (45%) of Ukraine-built wiring harnesses are normally exported to Germany and Poland, placing German carmakers at high exposure. Our analysis suggest Opel (i.e. Stellantis via Leoni), VW (via Leoni and Sumitomo) are over-exposed versus peers. On the plus side, once ramped up - lost production could be recovered quickly into late 2022 and beyond.

Palladium: Next 'black swan' candidate

While low probability as things stand, palladium has the potential to become the industry's biggest supply constraint. Russia produces 40% of the world's mined palladium according to USGS. Around two thirds of palladium use is in vehicles, where it is the active element in catalytic converters for exhaust aftertreatment. If Russian palladium supply were suddenly interrupted (due to a western boycott, or Russia stopping supply), production of all vehicles using such sourcing (including hybrids) could potentially stop. Although platinum is an alternative element, it is similarly expensive and also largely Russia-originated. Substitution of any kind is a regulatory minefield since design changes require regulatory re-homologation, which can take months. We do not currently incorporate major palladium disruptions in our forecast base case.

Firm marks progress towards circular supply chain for recycled rare-earth magnets

Metal recycler EMR says it is taking the next step in its efforts to create a sustainable, circular supply chain for rare earth magnets. Powerful neodymium (NdFeB) magnets are an essential material in a range of modern technologies, from electronic motors and audio speakers to the electric drive units (EDUs) that power the latest electric vehicles. […]

Agile Supply Chain: How to Bend, Not Break, Your Supply Chain Planning Process

As businesses continue to seek ways to manage supply chain shortages, a strategic planning process is more important than ever. Many supply chain leaders are exploring the concept of supply chain agility but are left scratching their heads. Breaking down the nuts and bolts behind the operation isn’t always easy. Never fear. I’m here to […]

Tamebay to rebrand as ChannelX

Tamebay will be rebranding as ChannelX and evolving to match the new, exciting and certainly not-final frontier of ecommerce. Much has changed since the early days of Tamebay, back when ecommerce was a raw feature of an advancing world. Today, ecommerce is a fundamental part of everyday life. Consumers now spend more than half of […]

The post Tamebay to rebrand as ChannelX appeared first on Tamebay.

OCE Report Card: ESL Pro League Season 15

Welcome to the OCE Report Card, where we take a look at our regional reps as they hit up the biggest tournaments overseas after tens of months in isolation at home. Our first* students of the year — a brave but embattled team without a home and an adopted crew of mice. ESL Pro League’s […]

The post OCE Report Card: ESL Pro League Season 15 appeared first on Snowball Esports.

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