17,000 workers got laid off from 71 tech startups globally in May after tech
stocks crashed, startup investment slumped, and executives began cutting costs.
Goldman Sachs analysts believe companies have over-invested in lithium, nickel,
and cobalt mining, which will lead to an over-supply that will lower the price
of battery metals within two years.
Helium Shortage 4.0 is once again the result of a handful of unexpected supply
disruptions in the heavily concentrated helium production industry—and a
disastrous 1996 US law.
In a sign of the public’s waning pandemic fears, Clorox CEO Linda Rendle
announced the company would scale back production as covid-19 shifts to “more of
an endemic phase.”
Flush with cash after two years of soaring shipping profits, Maersk, MSC, and
CMA CGM are racing to buy planes, merge with freight forwarders, and strike
partnerships with airlines like Air France-KLM.
CEOs at the star-crossed social network have an average tenure of 3.2
years—shorter than any other big tech company besides TikTok. If Musk replaces
Twitter CEO Parag Agrawal, the new executive may not last.
JB Hunt executives told investors that the Shanghai lockdown, combined with
labor disputes at US West Coast ports, could create new disruptions for US
supply chains in July.
Walmart has vowed to pay truck drivers up to $110,000 in their first year on the
job as trucking wages record their fastest and most prolonged growth in a
decade.
The US Postal Service doubled the number of electric vehicles it plans to buy,
but they still make up just 20% of its order for new mail delivery trucks.
Hackers from Anonymous and Ukraine’s “IT Army” have claimed credit for leaking
data from Russian government agencies, hacking state media outlets, and knocking
websites for businesses and financial services offline.
Soon, businesses may outsource their entire logistics operations to Amazon or
Maersk, which are each expanding into trucking, air cargo, warehousing, and
last-mile delivery.
Confiscating Putin cronies’ yachts won’t stop the invasion of Ukraine, but it
offers an emotional salve for Americans and Europeans who are angry about the
vast wealth Russian oligarchs have stashed in Western cities.
A consortium of Japanese freight businesses, led by the Nippon Foundation, has
tested two of the world’s first self-driving container ships in an effort to cut
shipping labor in the face of an aging workforce.
At least 26 publicly traded companies hold bitcoin, including automakers, video
game developers, fossil fuel investors, mortgage lenders, insurers, and one
massive whale that owns 56% of all corporate crypto.
The shipping line is investing in green methanol production to ensure that it
can source enough fuel to power a fleet of 12 new carbon-neutral ships it bought
from Hyundai Heavy Industries.
The e-commerce giant has made steep investments in its logistics operation,
suggesting the company may be primed to launch a standalone delivery business to
rival FedEx and UPS.