Outages disrupting Venezuela’s power and gas supplies to state-run energy firm PDVSA hit July oil exports, contributing to a 27% fall from the previous month, according to Refinitiv Eikon vessel tracking data and the company’s internal documents.
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Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories.
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OPEC+ to stick to oil supply rise plan as Biden heads to Saudi – sources
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Lane Supply Company (“Lane”) announced the acquisition of Air Center, Inc. (“Air Center”). Since 1984, Air Center has served as the premier distributor and service provider of Kaeser Compressed Air Systems and Stanley Assembly Tools, serving manufacturers and commercial businesses throughout eastern Michigan and northern Ohio…
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A small pool of money remains, and the administration faces critical decisions about how to spend it…
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Homes For Our Troops (HFOT) is a non-profit organization that builds and donates specially adapted custom homes for severely injured post-9/11 Veterans to enable them to rebuild their lives with ABC Supply pledging to match all donations made to HFOT – up to $1m total – from Saturday…
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A study of 12,000 supplier sites in the U.S., mainland China, and Taiwan found that only 11% were fully prepared for climate-related disruptions…
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Following major supply chain disruptions, manufacturers are pivoting towards a digital-first strategy to build resilient supply chains…
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Growing from 50 to 500 employees in three years, the building materials delivery service announced a significant financing increase from its latest funding round amid the company’s continued expansion…
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Supply chain challenges are real, but they’re not new, says global trade expert Dustin Burke. In the face of disruptions ranging from natural disasters to pandemics, how do we make sure supply chains can keep up? Burke offers a combination of solutions — from companies sharing risk to better forecasting disruptions — to help create…
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