The made-to-order boxes, which Lavolio packs with fruit, nut and jelly-filled chocolates, are a key part of the brand, and Hunt paid top dollar to ensure they’d make it from the manufacturer in East Asia to a port in Suffolk, England. Renting a shipping container for this route usually costs […]
Finance
Australia’s treasurer says China’s ‘political pressure’ on trade isn’t working
Australian Treasurer Josh Frydenberg on Monday claimed the Chinese government has failed to seriously impact the country’s economy through a series of punitive measures on exports. The trade dispute has escalated since April 2020, when Prime Minister Scott Morrison called for an international inquiry into the origins of Covid-19. “I […]
Kraft will pay $62 million to settle SEC accounting probe
The SEC announced the formal charges and the settlement on Friday after a long-running regulatory investigation that Kraft disclosed in 2019. The company will pay $62 million as part of the settlement. The agency alleges that from the last quarter of 2015 to the end of 2018, Kraft “engaged in […]
Reverse Logistics: What are the 5 R’s of Reverse Logistics?
Most companies, especially in Louisiana, are currently actively working on optimizing their forward supply chain for the return management process that, up until now, remains a black hole. They are offering very little visibility and transparency into whatever products are currently in the pipeline and debates on whether they should […]
Apple relaxes App Store rules for services such as Spotify and Netflix
The iPhone maker’s latest concession in a long-standing fight with app developers was announced Wednesday in response to an investigation initiated by Japan’s Fair Trade Commission. The update — which will take effect in early 2022, and applies worldwide — will allow developers of what Apple (AAPL) calls “reader” apps […]
China bans kids from playing online video games during the week
Starting this week, minors will be allowed only an hour of play time between 8 pm and 9 pm on Friday, weekends and public holidays, according to a statement from Chinese media watchdog — the National Press and Publication Administration (NPPA) — that was posted by state news agency Xinhua […]
Elizabeth Holmes likely to accuse ex-boyfriend and former Theranos executive of psychological and sexual abuse, court documents reveal
According to the newly unsealed documents, Holmes plans to have an expert testify about the psychological, emotional and sexual abuse she experienced from Ramesh “Sunny” Balwani, who served as the company’s COO, including the abusive tactics he allegedly used to “exert control” as well as the psychological impact. Balwani, according […]
Brexit: UK worker shortages could cancel Christmas
McDonald’s (MCD) has already been forced to take milkshakes off its menu in the United Kingdom and Nando’s has closed 45 restaurants because it was running out of its signature dish peri peri chicken. But suppliers are warning of further disruption that means Brits may have to go without holiday […]
China wealth redistribution: Pinduoduo tech firm gives its entire profit to rural development
E-commerce firm Pinduoduo (PDD) on Tuesday pledged to donate the $372 million it made in the three months through June 30 toward the development of China’s agricultural sector and rural areas. In total, it expects to donate 10 billion yuan ($1.5 billion) toward such causes. “This is an important and […]
The shipping crisis is getting worse. Here’s what that means for holiday shopping
“The pressures on global supply chains have not eased, and we do not expect them to any time soon,” said Bob Biesterfeld, the CEO of C.H. Robinson, one of the world’s largest logistics firms. The partial closure of the world’s third busiest container port is disrupting other ports in China, […]