This is your weekly supply chain bulletin from B2BE for the week starting 22nd May 2023.
Each week, we bring you a round-up of the latest trends in the news from across the supply chain industry. We cover the issues most important to you, bringing you useful links to the full articles. This ranges from news on various supply chain disruptions to strategies to lessen the damage. We also include other relevant supply chain related updates. If you missed it, you can read last week’s supply chain bulletin here.
Here are the top stories making the news this week:
Unlocking Australia’s potential in developing a robust battery supply chain
An article in Australian Resources and Investment highlights the increasing local production of battery chemicals in Australia. Companies are exploring opportunities beyond traditional approaches to produce lithium hydroxide domestically. This shift aims to strengthen the country’s battery supply chain and capitalise on the growing demand for battery technologies.
Optimising global supply chains through improved utilisation
For the first time since 2020, global supply chain capacities are being underutilised, indicating a reduction in volatility. According to Supply Chain Brain, this trend suggests a more stable supply chain environment. The article explores the factors contributing to this underutilisation and discusses potential implications for businesses and stakeholders.
G7 focuses on enhancing resilience and sustainable energy transition
The G7 countries have called for increased supply chain diversification and a greater role for low and middle-income countries in clean energy initiatives. In a recent announcement covered by CIPS Supply Management, the G7 countries have formed a partnership aimed at fostering supply chain resilience and sustainability while addressing global shocks. The collaboration seeks to promote diversification efforts and drive clean energy transitions worldwide.
Legal Challenge Confronts Cargill over Soybean Supply Chain Integrity
Cargill, the world’s largest grain trader, is encountering its first-ever legal challenge following allegations of human rights abuses and deforestation in its soybean supply chain. The Guardian reports that the company is under scrutiny for failing to address these issues adequately. The legal challenge highlights the growing importance of responsible and sustainable supply chain practices across industries.
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