Plus, FedEx and UPS harness AI in logistics, South America's trade scene challenges Panama Canal's constraints, and Estes navigates a disruptive cyberattack.
While trade activity escalates in South America, influenced by diversified sourcing strategies, the Panama Canal continues to face drought-induced challenges.
Estes grapples with a cyberattack. This comes just weeks after Yellow accepted Estes' $1.3B bid for its terminals.
Foxconn's withdrawal from a joint semiconductor venture with Vedanta marks a significant setback to India's chipmaking goals. This move questions the success of the 'Make in India' initiative and could impact future foreign investments.
Taiwan's Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with India's Vedanta, marking a significant setback to Prime Minister Narendra Modi's chipmaking ambitions. Foxconn's decision is reportedly linked to concerns over delay in incentive approval by the Indian government. The departure of Foxconn puts a dent in Modi's plans to attract foreign investors for local chip production, despite Vedanta's commitment to continue with the project with other partners. The incident casts a shadow on the 'Make in India' initiative and may influence the decision of other companies looking to invest in India.
Source: Reuters
Foxconn drops $20 billion factory in India. People often overestimate how advanced China's logistics & supply chains are compared to others. This is one of China's biggest competitive advantages & why China is THE manufacturing giant of the 🌍https://t.co/udS3oE4jiR
— Cyrus Janssen (@thecyrusjanssen) July 11, 2023
China's Tech Leverage in the Global Supply Chain China has set export restrictions on two minerals, gallium and germanium, vital
The South is transforming into the US's new industrial heartland, with investments pouring into sectors such as EV battery production.
In an earlier newsletter, FreightCaviar wrote about a WSJ report on the unraveling of the US and China trade relationship.
Key players FedEx and UPS announce new automation partnerships, furthering the conversation on how advanced tech influences worker negotiations.
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