Nestle will cut 16,000 jobs as the world’s largest packaged food company seeks to cut costs and win back investor confidence.
Read More Nestle to cut 16,000 jobs as new CEO ignites ‘turnaround fire’
Tag: supply chain
Chinese exports to U.S. plummet 35% in May — biggest decline since COVID began
New reports have indicated that China’s exports to the U.S. plummeted in May. This sharp declines comes as a temporary truce between the world’s two largest economies arrived “too late” to prevent major port disruptions.
Read More Chinese exports to U.S. plummet 35% in May — biggest decline since COVID began
Trump threatens 25% tariff on Apple after company shifts iPhone manufacturing to India
President Donald Trump vowed to enact “at least” a 25% tariff on iPhones that are not manufactured and built in the United States — in a sharp warning to Apple CEO Tim Cook.
Read More Trump threatens 25% tariff on Apple after company shifts iPhone manufacturing to India
Nvidia Announces Plans To Manufacture AI Supercomputer Chips ‘Entirely In The U.S.’ Following Trump’s Tariffs
Following President Donald Trump’s introduction of tariffs, Nvidia revealed that it will produce AI Supercomputer chips “entirely in the U.S.” for the first time.
Read More Nvidia Announces Plans To Manufacture AI Supercomputer Chips ‘Entirely In The U.S.’ Following Trump’s Tariffs
Southwest Airlines Announces 15% Corporate Staff Layoffs To Reduce Costs
Southwest Airlines slashed 15% of its corporate workforce in an effort to cut overhead costs.
Read More Southwest Airlines Announces 15% Corporate Staff Layoffs To Reduce Costs
US Postal Service ends China parcel suspension, works to reduce disruption
The U.S. Postal Service said it would accept parcels from China and Hong Kong again after a temporary suspension of shipping low-value packages duty-free to the United States.
Read More US Postal Service ends China parcel suspension, works to reduce disruption