Joshua Gao

3,146 Flips | 2 Magazines | 11 Likes | 2,023 Followers | @joshuagao | Supply Chain Advocate

McDonald’s Skips China-Trade Frictions With Cold-Chain Logistics Deal

Two major courier operators have teamed up to set up a cold-chain logistics joint venture, tapping the booming market amid rising consumer demand for …

California sees China impact, soft job growth but no sign of recession, say economists

California's $2.7 trillion economy may face pain from the U.S.-China trade spat and show signs of slowing job growth but economists don't see a …

Economy

Trucking’s Tight Capacity Squeezes U.S. Businesses

More companies are pointing to rising freight costs as a drag on earnings and growth, as trucking companies raise rates at a historic pace and one says finding trucks is getting ‘ugly’<p>By<p>Jennifer Smith<p>Jennifer Smith<p>The Wall Street Journal<p>Biography<p>@jensmithWSJ<p>Google+<p>Jennifer.Smith@wsj.com<p>Empty trucks …

Trucking

Walmart, JD Invests $500 Million in Chinese Logistics Service

Dada-JD Daojia has raised $500 million from existing backers JD.com Inc. and Walmart Inc. to quicken the growth of its delivery network across …

Alibaba Group

IBM-Maersk Blockchain Platform Adds 92 Clients As Part Of Global Launch

[id=0]<p>Some of the largest supply chain companies in the world have begun the process of moving their work to a blockchain. A previously unnamed collaborative effort between the world’s largest shipping company, Maersk, and IBM, has now grown to 92 participants and been dubbed TradeLens.<p>Far from an …

Blockchain

Bill Gates says trade issues are 'scary' and could put a 'burden' on global growth and jobs

Billionaire Bill Gates has called the current global trade tensions "scary" saying that they could impact economic growth and jobs.<p>In an interview …

Economy

This company is laying off almost all its workers because of tariffs

A South Carolina company plans to lay off almost all its workers — 126 people — because of the Trump administration's tariffs.<p>Element Electronics, which assembles televisions, notified the state of the expected job cuts earlier this week. The company also plans to close its plant in the town of …

Tariffs

Amazon basically wants to turn Whole Foods into a drive-thru

Amazon wants to help you eat in your car, the way god intended.<p>The e-commerce giant turned real-world grocery purveyor is testing out a new service that will let Amazon Prime members pick up Whole Food groceries in 30 minutes or less, without stepping out of the car or setting foot in the store.<p>The …

Virginia Beach

Crocs to close remaining manufacturing facilities; executive to resign

Crocs Inc. said that it's closing all of its manufacturing facilities, and announced that its chief financial officer will resign.<p>Crocs (CROX), based …

Outsourcing

Apple, the $1 trillion company searching for its soul

The company’s value exceeds the GDP of many countries – but it has human rights, ethical and environmental problems to match in its vast supply chain.<p>…

Human Rights

The View From London: We're In A Full-Scale China Trade War

It’s definitely not the consensus view. But The Economist Intelligence Unit said Tuesday that presidents Trump and Xi Jinping have gotten us into a full-scale trade war.<p>“That the U.S. is doing this at the same time as pausing trade tensions with Europe shows that the determination to confront China …

China

Walmart to Test Automated Grocery-Order Fulfillment

When you use its app or website to place an order, the retailer still relies on the low-tech solution of having an employee walk around the store to …

Elon Musk's Plan to Take Tesla Private Could Obliterate Auto Industry's Profits

Imagine if Elon Musk delivers on his take Tesla (TSLA) private Twitter pledge.<p>Leave it to a hardcore Tesla bull to speculate on how a private Tesla …

Tesla

Chinese newspaper mocks Trump's claim of winning trade war as 'wishful thinking'

SHANGHAI (Reuters) - Chinese state media kept up their criticism of U.S. President Donald Trump's trade policies, with a newspaper on Tuesday describing as "wishful thinking" Trump's belief that a fall in Chinese stocks was a sign of his winning the trade war.<p>As the world's two biggest economies …

China

Reality check on PBMs and drug costs

<b>PBMs AND DRUG PRICES: A REALITY CHECK —</b> There’s a big target on the backs of pharmacy benefits managers lately with both the drug industry and HHS drawing attention to the role they play in the pricing of medicines. Pending at OMB is a rule that could dramatically reshape PBMs by changing the …

Pharma

Oil supported as new hedges placed, but higher supplies weigh

Oil prices were down on Friday as the market re-focused on bearish longer term factors following a bounce in the previous session as U.S. crude inventories in a key hub fell to their lowest in nearly four years.<p>U.S. West Texas Intermediate (WTI) crude futures were at $68.70 per barrel at 0847 GMT, …

Oil

China says it will retaliate with tariffs on $60 billion in US goods

China is preparing to retaliate in the escalating trade war with tariffs on about $60 billion worth of U.S. goods.<p>The import taxes would range in …

China

Factory orders rise for second straight month

New orders for U.S.-made goods rose for a second straight month in June, but business spending plans on equipment were not as strong as initially …

U.S. Dept. of Commerce

Starbucks, Alibaba announce China delivery venture

BEIJING (AP) — Starbucks and Chinese e-commerce giant Alibaba Group announced a coffee delivery venture on Thursday, joining the growing competition in China's booming delivery industry.<p>Starbucks Coffee Co. and Alibaba Group Holding Ltd. said the venture starts next month in Beijing and Shanghai. …

Alibaba Group

Huawei Surpasses Apple to Become #2 Worldwide Smartphone Vendor in Q2 2018

With 54.2 million smartphones shipped in the second calendar quarter of 2018, Chinese smartphone company Huawei has surpassed Apple to become the number two worldwide smartphone vendor, according to new data shared today by IDC.<p>During the quarter, which includes data from April to June, Apple …

Average Selling Price

Uber shutters its self-driving truck business

Uber is shifting resources away from the self-driving truck unit within its Advanced Technologies Group, the company announced today in an email to reporters. For the time being, it’s ceasing development on the autonomous freight platform it acquired from autonomous tech company Otto.<p>“We’ve decided …

Autonomous Tech

Accidents at Amazon: workers left to suffer after warehouse injuries

Vickie Shannon Allen, 49, started working at Amazon as a counter in a fulfillment warehouse at Haslet, Texas, in May 2017. At first, like many employees, Allen was excited by the idea of working for one of the fastest growing corporations in the world. That feeling dissipated quickly after a few …

Compensation

Killing Amazon: Trump, Kroger, Zume And The Next Big Thing In Retail

Amazon reported its quarterly earnings on July 26, and as expected, it had another stellar quarter, reporting revenue of $52.9 billion and more than $2 billion in quarterly profits. Its shares increased 4% on the news.<p>Amazon.com is gaining a reputation for being unstoppable. In discussions I’ve had …

Customers

Supply Chain Strategies for New Therapies

Autologous engineered T-cell therapies challenge traditional late stage and commercial pharma supply chains practices

Qualcomm ends $44 billion NXP bid after failing to win China approval

BEIJING/SAN FRANCISCO (Reuters) - Qualcomm Inc (QCOM.O) walked away from a $44 billion deal to buy NXP Semiconductors (NXPI.O) after failing to secure Chinese regulatory approval, becoming a high profile victim of a bitter Sino-U.S. trade spat.<p>The world's biggest smartphone-chip maker and …

Marco Rubio

Ford bets $4 billion on its self-driving future

Ford announced yesterday that it’s spinning off its self-driving efforts into a standalone company in the US: Ford Autonomous Vehicles LLC.<p>The new firm will be tasked with overseeing development of self-driving tech in Detroit, Michigan, as well as running a network of autonomous vehicles once it …

Autonomous Tech

Tesla's stock took a dip after news it asked suppliers for refunds

After years of running deep in the red, Tesla CEO Elon Musk has promised that his company will be profitable for the second half of 2018 — but to get there he may need a helping hand from suppliers, it seems.<p>Tesla shares tumbled more than 4 percent Monday on word that the battery-carmaker is asking …

Tesla

China Stimulus, U.S. Boost From Slowdown, BOJ Unchanged: Eco Day

• China unveiled a package of targeted policies to boost domestic demand as simmering trade tensions threaten to worsen an economic slowdown; President …

Economy

Coal Market Puzzled as China Flashes Conflicting Output Data

Investors looking to China’s official production data to help divine where coal prices are heading might need to be extra cautious.<p>Coal mining …

China