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Showing research about European Union

20210908-semis-macro-600x403

GM nearshoring, still faces chip-related closures

General Motors has announced the closure of their factories in North America due to a shortage of chips, following the same issues from Toyota and Nissan in recent months. This comes even as imports of semiconductors to the U.S. have risen by 51.4% year over year in the second quarter, but lik... Read more →

20210825-solar-countries-1-600x401

LONGi, JinkoSolar power imports despite safeguards

The U.S. International Trade Commission is starting a review of solar panel safeguard duties under Section 201. This a scheduled review as part of the safeguard duty process every five years. U.S. import data shows that the safeguards have not been particularly effective in decreasing imports,... Read more →

20210211-gcp-seasonal-600x408

GCP shifts sourcing around congestion, force majeure

GCP Applied Technologies, a construction materials maker, released Q2 results showing a 29.7% year over year increase in revenue that exceeded expectations by 3.1%. CEO Simon Bates noted “multiple daily interruptions in our supply chain” that included “raw materials, packaging and transportati... Read more →

20210806-xylem-seasonal-600x405

Xylem clogged by labor, inflation; diverts sourcing back to China

Xylem, a maker of water control products, reported Q2’21 revenue growth of 16.5% year over year. That required running down inventories given the firm’s supply chain activity declined, shown by U.S. seaborne imports which fell by 6.8% year over year in Q2’21. The firm’s CFO, Sandra Rowland not... Read more →

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