This is your weekly supply chain bulletin from B2BE for the week starting 6th March 2023.
Each week, we bring you a rundown 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. Read on to see what’s making the news this week.
Australia and the UK strengthen space supply chain through new partnership
Australia and the United Kingdom have signed a new partnership to strengthen their space supply chain. The agreement is part of a wider space bridge initiative, which aims to boost cooperation and collaboration between the two countries’ space industries. The partnership will involve the exchange of knowledge and expertise in space-related technologies. As well as joint research and development projects. The two countries will also work together to improve the resilience and security of their space supply chains, which are critical to ensuring the continued success of their respective space programs. The partnership is expected to provide significant benefits to both countries, including increased access to new markets, improved supply chain efficiency, and enhanced innovation in the space sector.
UK’s CO2 shortage highlights vulnerability of global supply chains
The UK’s shortage of carbon dioxide (CO2) has highlighted the vulnerability of global supply chains to disruptions. The shortage has been caused by a combination of factors, including a surge in demand from the food and drink industry, maintenance issues at CO2 production facilities, and increased natural gas prices. The shortage has resulted in the closure of several meat processors and carbonated drinks manufacturers. It highlights the importance of CO2 as a key input in a wide range of industries. The situation in the UK is not unique, and the Covid-19 pandemic and other disruptions exposed similar supply chain vulnerabilities in recent years. The shortage of CO2 highlights the need for greater resilience and flexibility in global supply chains. As well as increased cooperation and coordination between suppliers and users of critical inputs.
China’s NDRC announces measures to stabilise commodity prices and ensure supply amid rising inflation and supply chain disruptions
China’s National Development and Reform Commission (NDRC) has announced measures to stabilise commodity prices and ensure the supply of key commodities, such as iron ore, copper, and crude oil, amid surging prices and supply chain disruptions. The NDRC has pledged to increase domestic production of these commodities. They will also expand imports, and crack down on illegal activities such as hoarding and price gouging. Additionally, the NDRC has called for greater international cooperation to ensure the stability of global commodity markets. The measures come as China, the world’s largest consumer of commodities, faces rising inflation and concerns over the impact of supply chain disruptions on the country’s economic growth.
Biden administration targets natural gas supply chain to improve environmental performance and US position in global LNG market
The Biden administration is planning to focus on improving the natural gas supply chain. The move comes as the United States seeks to become a top exporter of liquefied natural gas (LNG). The administration is set to launch a methane emissions reduction program that will aim to reduce emissions from oil and gas production, transportation, and distribution. This initiative aims to improve the environmental performance of the natural gas industry, which is a critical part of the LNG supply chain. The program will likely involve measures such as improved leak detection and repair. As well as stricter regulations for gas well drilling and completion. The administration’s focus on reducing methane emissions will not only improve the environmental performance of the natural gas industry but will also help position the United States as a global leader in LNG production and supply.
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