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News
What’s happening in the world affects your business. We find out the latest news and updates and share it with you here and in our weekly industry update newsletter.
Abbott ramps up air cargo imports of infant formula
Abbott Laboratories has turned to air cargo to help overcome a domestic shortage of infant formula exacerbated by a February recall due to suspected contamination and the subsequent shutdown of its Sturgis, Michigan, plant. The beleaguered maker of Similac and other formula brands said Friday it is taking a number of steps to alleviate formula supply problems, with a focus on increasing production at its Cootehill, Ireland, facility. It has air shipped millions of cans of infant formula powder from the plant to the U.S. since February.
05.16.2022
CMA CGM Will Pay US Shippers Incentives for Early Container Returns
CMA CGM Group is implementing the shipping industry’s first early container return incentive program focusing on the Port of Los Angeles and key Midwestern return locations in the United States. According to the company, it is the latest in a series of steps it has taken to improve the supply chain with this 60-day program specifically designed to accelerate the return of empty containers with a goal of providing greater equipment access to U.S. exporters.
05.16.2022
Under Armour is canceling orders due to supply chain issues
Under Armour said that freight costs, capacity issues, supply chain delays and growing disruption from COVID-19’s spread in China will likely weigh on its performance through its coming fiscal year, according to a company press release.
05.16.2022