Supply Chain Archives - Page 2 of 2

Renault Production May Be Impacted by Supply Chain Issues in Russia

French automaker Renault has warned that its production may be severely impacted due to supply chain issues in Russia. The company is concerned about the stability of its supply chains in Russia amid rising tensions between the country and Ukraine. Should a conflict break out, it will have repercussions for…

US Heating Oil & Diesel Supplies Diminish as Demand Rises

As demand for diesel and heating oil continues to rise across the United States, supplies are diminishing. Refiners are struggling to replenish the domestic fuel supply this winter. The short supply of the fuels is now prompting fears that oil prices may remain elevated for months. On Feb. 4, heating…

IKEA Raises Prices by 9% Across Global Markets as Supply Chain Issues Persist

Swedish home furniture giant IKEA has announced that it is raising prices by an average of 9 percent across its global markets. The company insists it has been forced into the price hike after being hit with supply chain issues that are currently wreaking havoc across the world, prompting businesses…