New U.S. export requirements set for chip exports to China and Russia
Good morning! Today is National Wildlife Day. Whether it be bears or bunny rabbits - we’re thankful for the wildlife that keeps our ecosystem alive.
But, let’s talk trade, chips, and China. Much more our style.
Some of the largest chipmakers are vocalizing a major issue - new U.S. government requirements for licenses, effective immediately, for the sale of AI chips to China and Russia. This new policy is said to be in order to avoid military end use by the two countries, but manufacturers like Nvidia and AMD are projecting major losses of revenue with this new rule.
Check out today’s featured article from Supply Chain Brain to read about the newest American export rules the chipmakers are running into while attempting to sell AI-chip products to China. ☕️
Featured Article:
U.S. Chip Makers Hit by New China Export Rule | Supply Chain Brain
“Shares of major chipmakers Nvidia and AMD have fallen amid concerns of new U.S. restrictions on the sale of artificial intelligence chips to China.”
Network Association 🤝
Beef processing plant joins forces with retailer Walmart
The price of meat has gone through the roof, and Walmart is hoping to ease that inflationary pain of its customers. The mega-retailer has invested in Sustainable Beef, a Nebraska beef processing plant. The partnership is meant to keep Walmart’s meat aisle well-stocked as the holiday season approaches.
Walmart, well-known for managing its own logistics and transportation, also has one of the largest private fleets in the country. The partnership will utilize Walmart’s trucks, giving them a leg up on the competition.
Company Culture & Unions 🪧
40,000 additional UK rail workers join national labor strike
The United Kingdom’s unionized rail workers are taking a stand against what they deem as unfair pay and reform issues in the rail network. The National Union of Rail, Maritime, and Transport Workers has announced walkouts on September 15th and 17th at fourteen separate train companies. An additional 40,000 rail workers have decided to join in the walkout.
The inflation rate in the UK is now in the double digits and is expected to hit 22% next year.
Industry Forecast 📊
The Labor (Day) Supply Chain 2022 | Supply Chain Digest
Supply Chain Digest editor Dan Gilmore writes about the state of the supply chain labor as Labor Day approaches.
Diesel Prices Remain Very High; US PMI Stays Positive for August; FedEx Cancels Delivery Routes of Major Contract Driver; Industrial Robot Sales Jump in Q2 | Supply Chain Digest
Supply Chain Digest shares a rundown of weekly data compiled regarding the supply chain, from the yo-yo effect in diesel prices to the Q2 jump in robot sales to warehouses.
Inflation 💸
4 Ways Supply Chain Execs Can Respond to Inflation | Material Handling & Logistics
MH&L News Staff writes about the steps supply chain managers should consider taking while battling the inflationary issues wreaking havoc across the supply chain.
Fuel Tech ♻️
Bill Gates Leads Funding for Green Fuel | More Than Shipping
More Than Shipping contributor Mike Mansfield writes about tech figure Bill Gates’ company Breakthrough Energy Ventures and its green energy goals.
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