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Walmart Backed Supply Chain Company Symbotic Gets SPAC Deal: What Investors Should Know
Monday, December 13, 2021 - 5:24pm | 620An artificial intelligence-enabled platform for the supply chain is going public in a SPAC deal announced Monday morning. The SPAC Deal: Symbotic announced a SPAC Deal with SVF Investment Corp 3 (NASDAQ: SVFC), a SPAC from Softbank Group (OTC: SFTBY). The deal values Symbotic at a pro forma...
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Infographic: Could Repairing And Regifting Technology Help With Holiday Tech Shortages?
Friday, December 3, 2021 - 6:11pm | 339Investors, shoppers and company executives don’t have to look far to hear about chip shortages and supply chain issues heading into the holiday season. A new report shows that using repaired electronics could help with the issues being caused ahead of the holidays. What Happened: Out-of-stock...
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Apple Product Supply Issues Come To Light During Cyber Monday: What's Next?
Tuesday, November 30, 2021 - 4:41pm | 506Supply chain challenges have hit companies worldwide with tech giant Apple, Inc. (NASDAQ: AAPL) as no exception to these issues. Cyber Monday Confirms Supply Tightness: Entering Black Friday, lead times for 10 Apple products suggested a wider demand-supply gap than what was suggested by...
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Which Apple Chip Suppliers Will Face The Biggest Impact From iPhone Production Cuts?
Wednesday, October 13, 2021 - 3:58pm | 731Apple Inc (NASDAQ: AAPL) is reportedly looking to cut its iPhone production forecast for 2021 by 10 million due to supply chain issues. How The Chip Crunch Is Hurting Apple: Supply constraints are beginning to show impacts on premium-tier handset production, BofA Securities analyst...
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Here's What Apple Investors Need To Know About iPhone 13 Carrier Subsidies
Thursday, September 30, 2021 - 5:56pm | 500The annual iPhone launch is the biggest product of the year for Apple Inc (NASDAQ: AAPL), but it’s also a major sales catalyst for wireless carriers Verizon Communications Inc. (NYSE: VZ), AT&T Inc. (NYSE: T) and T-Mobile Us Inc (NYSE: TMUS). Carrier Incentives: Bank of America...
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JPMorgan Analyst Says To Resolve Supply Chain Issues, Increase Global Vaccinations
Monday, September 27, 2021 - 5:17pm | 394Supply chain issues have been in the news for months. From rising prices to concerns about out-of-control inflation, disruptions in the supply chain have been cited as one of the main causes for those issues. What Happened: JPMorgan Chase & Co (NYSE: JPM) recently produced a...
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Tesla, Apple Face Supply-Chain Woes Ahead Of Peak Season As China Tightens Energy Consumption Policies
Monday, September 27, 2021 - 2:59am | 499Some key China-based suppliers of Apple Inc (NASDAQ: AAPL) and Tesla Inc (NASDAQ: TSLA) have halted production at their facilities to follow Beijing's tighter energy consumption policy, Nikkei Asia reported on Sunday, citing suppliers. What Happened: Small and medium-sized suppliers that...
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Container Ships Now Piling Up At Anchorages Off China's Ports
Friday, September 24, 2021 - 4:13pm | 1807There are over 60 container ships full of import cargo stuck offshore of Los Angeles and Long Beach, but there are more than double that — 154 as of Friday — waiting to load export cargo off Shanghai and Ningbo in China, according to eeSea, a company that analyzes carrier schedules. The number of...
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All Aboard With Anthony And Zach — Freightonomics
Friday, September 24, 2021 - 12:12pm | 253nVision Global, is a leading Global Freight Audit, Supply Chain Management Services company offering enterprise-wide supply chain solutions. With over 4,000 global business "Partners", nVision Global not only provides prompt, accurate Freight Audit Solutions, but also providing industry-leading...
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Lexaria Bioscience Corp.'s Solution For Faster And More Effective Drug Delivery
Friday, September 24, 2021 - 12:08pm | 780The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. One of the main challenges with drug delivery and the overall effectiveness of the drugs is first-pass metabolism/excretion Lexaria...
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FedEx Plays Game Of Chicken With Parcel Shippers' Budgets
Friday, September 24, 2021 - 10:48am | 1387The hole that FedEx Corp. finds itself in is, in some respects, not of its own digging. It can't force people to accept job offers, nor can it control the wages its competitors are willing to pay. It can't stop or slow the unprecedented surge in parcel-delivery volumes that have pulled forward...
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TFI Needs Drivers At Leaner, Meaner UPS Freight Successor
Friday, September 24, 2021 - 10:16am | 1105TFI International bought UPS Freight with plans to make the LTL carrier "lean and mean," a turn of phrase CEO Alain Bédard likes to use. While the company is implementing that strategy, including recent cuts to salespeople, one thing it needs more of is truck drivers. As of late July, Montreal-...
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Prologis Expands Training Program For Logistics Workers
Thursday, September 23, 2021 - 11:51am | 680Logistics real estate investment trust Prologis Inc. announced Thursday it was expanding its training program aimed at tackling the growing need for logistics workers. Through its Community Workforce Initiative (CWI), the San Francisco-based industrial warehouse operator is adding six locations to...
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FedEx Is Struggling To Shake Off The Pandemic-Domino Effect
Thursday, September 23, 2021 - 10:14am | 917On Tuesday, parcel delivery company FedEx Corporation (NYSE: FDX) reported a decline in quarterly profit along with cutting its earnings outlook due to higher costs and labor shortages. Upon the news, its shares declined more than 4% in after-hours trading. Figures For the quarter that ended in...
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Daily Infographic: FedEx Adding 90,000 Workers To Handle Peak Surge
Wednesday, September 22, 2021 - 11:08am | 128To view more FreightWaves infographics, click here. Image by John R Perry from Pixabay