A new report by the House Energy and Commerce Subcommittee highlights concerns over the Biden administration’s $5 billion electric school bus program, alleging it promotes reliance on China for battery production and lacks sufficient safeguards against fraud and waste. The report claims the program favors electric buses over cheaper alternatives and that the subsidies don’t outweigh the high upfront costs.
The automotive industry is taking a significant step towards sustainability with the launch of the ‘Transform: Auto’ program. Spearheaded by leading automakers like Ford, General Motors, Honda, Magna, and Toyota, the program aims to reduce emissions within the automotive supply chain by facilitating the adoption of renewable energy among suppliers.
MiQ, a global leader in emissions certification, has partnered with EQT Corporation and Uniper to pilot a new model for verifying and differentiating US LNG cargos based on their emissions. This initiative uses MiQ’s Supply Chain Protocol to provide comprehensive emissions data, enhancing transparency and enabling buyers to choose lower-emission options. The pilot transaction signifies a critical step toward addressing growing demand for transparent supply chain emissions information in the global LNG market.
SharkNinja, Inc. (SN) has been a standout performer in the market, fueled by its relentless focus on product innovation, new category launches, and strategic international expansion. The company’s three-pronged growth strategy has resulted in impressive share gains, outpacing industry and market averages. This article delves into the key factors driving SharkNinja’s success, including its disruptive innovation, global agile supply chain, omni-channel strategy, and international expansion initiatives.
Trimble Inc. (TRMB) shares surged on Monday after the company announced the launch of Transporeon Visibility in North America. This new service provides real-time shipment tracking and AI-powered estimated arrival times for carriers and shippers across different transportation modes. Additionally, Trimble sold its global telematics business to Platform Science, securing a significant stake in the expanded company and a board seat.
The global pallet racking market is projected to expand significantly, reaching USD 20.04 billion by 2031, driven by automation trends and the surging e-commerce sector. This growth is fueled by the need for efficient warehouse space optimization and inventory management, leading to increased demand for advanced pallet racking systems.
Under Armour has revised its fiscal 2025 restructuring plan, increasing its projected pre-tax restructuring expenses to $140-$160 million due to the closure of its Rialto, CA distribution center. While this will result in higher short-term costs, the company expects to emerge with a more agile and efficient business, ultimately driving long-term growth.
The global RFID chips market is poised for rapid growth, driven by rising demand for sustainable solutions and the integration of blockchain technology. With applications across industries like retail, healthcare, and logistics, RFID chips are enabling real-time data capture and analysis, leading to improved supply chain efficiency and product traceability.
Under Armour has revised its restructuring plan, increasing expected charges to $140-$160 million due to exiting its California distribution facility. The company anticipates a wider operating loss but maintains its adjusted operating income and EPS outlook. Despite the increased charges, Under Armour remains optimistic about long-term efficiency gains from supply chain optimization.
Under Armour has updated its restructuring plan for Fiscal 2025, increasing the expected pre-tax charges to $140-$160 million. The move reflects a strategic shift to optimize supply chain capabilities and improve overall business performance. The company also provided revised financial guidance for Fiscal 2025, anticipating an operating loss of $220-$240 million.
