The Sweden-based automaker Volvo Car Group's sales have fallen 28.3% in Mar as supply chain problems and lockdowns hampered production.

Volvo Cars reports 28% drop in May, lockdown & supply chains blamed for fall

Countries around the world are working to diversify their supply chains and reduce dependence on China. 'It is probably good for everyone,' says World Bank president David Malpass.

Diversifying supply chains from China 'probably good': World Bank

Canada's federal budget will include an investment of at least C$2 billion ($1.6 billion) for a strategy to accelerate the production and processing of critical minerals needed for the electric vehicle (EV) battery supply chain.

Canada's $1.6 billion strategy to harness critical minerals for EV battery supply chain

Covid-19 has now entered Hong Kong supply chains affecting the availability of essential products and food items. As more and more truck drivers are testing positive for the virus the transport and delivery services have halted, here's our report.

Hong Kong imposes strict Covid curbs as virus outbreak affects supply chains

Britain and South Korea will sign an agreement to reinforce pandemic-damaged supply lines for key products like semiconductors, with trade minister Anne-Marie Trevelyan due to host her counterpart Yeo Han-koo in London.

UK, South Korea to sign deal on supply chains

How are you coping with the pandemic? Some people are buying dream cars. For some in Japan, fries have become a luxury. Australia is running out of KFC & Norway's military does not have new underwear for its recruits. Palki Sharma brings you a report.

Gravitas: Omicron ushers in another supply chain crisis

Global supply chain disruptions triggered by the ongoing pandemic have now created a massive problem for pregnant ladies. A report by The New York Times suggests that there have been long delays for baby items, including diapers, cribs, car seats, and strollers.

Global supply chain disruptions triggered by the ongoing pandemic have now created a massive problem for pregnant ladies. A report by The New York Times suggests that there have been long delays for baby items, including diapers, cribs, car seats, and strollers. Products that used to arrive in ten weeks are now taking double the time. There can also be additional delays depending on supply chain issues. Even with a declining birthrate, there were over 3.6 million births in the United States in 2020. Lauren Logan, the owner of Juvenile Shop, which a family-run baby retailer in the Sherman Oaks neighbourhood of Los Angeles, described the situation as she said, "These are pregnant women that are all having their babies. They are hormonal, but they are pregnant — they want their stuff. I don’t blame them. I want their stuff for them.” To get rid of the issue, Logan is now giving out loaner furniture, loaner chairs, loaner car seats. “If people are having their babies, they need something," she said. Also read | Watch: Thousands protest in Amsterdam against Covid restrictions A report by The Times states that Maisonette, which is an online baby marketplace working with nearly 1,000 vendors said that the product delays are mostly from Asia and Peru. This is where Pima cotton for baby apparel is made. According to Joe Shamie, president of Delta Children, which happens to be a popular seller of children’s furniture sold at Walmart and Pottery barn, said the normal production of highly sold items typically takes around 45 to 60 days. However, in the current situation, it takes a couple of months just for the transport of the items to the US. The cost of importing products has also massively surged. Describing the situation, Shamie said, "This is a case of the actual system being broken down.” (With inputs from agencies)

Diaper and crib shortages? Supply chain crisis creates problem for pregnant women amid pandemic

US might be staring at a massive shortage of wine this new year as experts have warned of massive supply chain issues affecting the global market.

Senior editor of Wine Spectator Alison Napjus told Fox Business that combined factors of logistical disruptions, shipments backlogged at US ports and a lack of delivery drivers have created a “perfect storm” ahead of one of their busiest holidays.

“It’s not even just that basic transportation issue. We’re also looking at things like shortages of the cage that goes on top of your bottle, labels, boxes to put wine in,” Napjus said.

Fox Business reported that multiple companies have reported “higher logistics-related costs and disruptions” to their normal business.

Vineyards have also been impacted as they are dealing with a shortage of truck drivers and backlog at the ports, according to reports.

Earlier this month, a report from Wine Enthusiast Magazine&nbsp;predicted that the impact of the champagne shortage may last for years in the country.&nbsp;

According to the outlet, Comité Interprofessionnel du Vin de Champagne (CIVC) – the French region’s trade organisation—reported that demand for Champagne dropped 18 per cent by volume in 2020. In response, the CICV capped production limits for the year at 25 percent less than its 2019 limits.

However, towards the end of 2020 during the holiday season and in 2021, demand increased once again.

Throughout 2021, champagne’s harvest was marred with horrible weather issues, including out-of-season heat waves, frost, and torrential summer rains, according to Wine Enthusiast.

(With inputs from agencies)

US might be staring at a massive shortage of wine this new year as experts have warned of massive supply chain issues affecting the global market. Senior editor of Wine Spectator Alison Napjus told Fox Business that combined factors of logistical disruptions, shipments backlogged at US ports and a lack of delivery drivers have created a “perfect storm” ahead of one of their busiest holidays.

US might be staring at a massive shortage of wine this new year as experts have warned of massive supply chain issues affecting the global market. Senior editor of Wine Spectator Alison Napjus told Fox Business that combined factors of logistical disruptions, shipments backlogged at US ports and a lack of delivery drivers have created a “perfect storm” ahead of one of their busiest holidays. “It’s not even just that basic transportation issue. We’re also looking at things like shortages of the cage that goes on top of your bottle, labels, boxes to put wine in,” Napjus said. Fox Business reported that multiple companies have reported “higher logistics-related costs and disruptions” to their normal business. Vineyards have also been impacted as they are dealing with a shortage of truck drivers and backlog at the ports, according to reports. Earlier this month, a report from Wine Enthusiast Magazine predicted that the impact of the champagne shortage may last for years in the country. According to the outlet, Comité Interprofessionnel du Vin de Champagne (CIVC) – the French region’s trade organisation—reported that demand for Champagne dropped 18 per cent by volume in 2020. In response, the CICV capped production limits for the year at 25 percent less than its 2019 limits. However, towards the end of 2020 during the holiday season and in 2021, demand increased once again. Throughout 2021, champagne’s harvest was marred with horrible weather issues, including out-of-season heat waves, frost, and torrential summer rains, according to Wine Enthusiast. (With inputs from agencies)

Ahead of 2022, US may face shortage of champagne owing to supply chain issues: Report

Helped by booming global demand ahead of winter holiday seasons, an easing power crunch, and an improvement in supply chains that had been badly disrupted by the COVID-19 pandemic, China's export growth has slowed in October beating forecasts.

World Business Watch: China October exports beat forecasts, improvement in supply chains registered

As supply chain disruptions continue to hit major economies, US President Joe Biden while interacting with reporters said it is a "complicated world" while conceding that it is "confusing" for many people.

Biden told reporters at the White House that they haven't been able to "properly explain the supply chain very well" while adding, "I'm not being critical. I'm being deadly earnest. This is a confusing time".

<a href="https://www.wionews.com/world/after-christmas-food-chocolate-bar-bounty-falls-prey-to-supply-chain-crisis-418620">Also Read:&nbsp;After Christmas food, chocolate bar Bounty falls prey to supply chain crisis</a>

"You can understand why people are upset, whether you have a PhD&nbsp;or you're working in a restaurant. It's confusing. People are understandably worried," the US president said.

The supply chain snarls have affected several sectors including computers, cars, clothing, mobile phones and is set to last well into next year, according to experts.

France and Germany have reportedly experienced loss in industrial output due to persistent supply chain disruptions with the German auto industry taking a major hit.

Several factories have been shut as key areas have been hit by lockdowns as production of spare parts and semiconductors have been below pre-pandemic levels for the past several months.

<a href="https://www.wionews.com/world/transport-chiefs-warn-world-leaders-and-un-about-incoming-collapse-of-global-supply-chain-417077">Also Read:&nbsp;Transport chiefs warn world leaders and UN about incoming collapse of global supply chain</a>

Arm Holdings chief executive Simon Segars had said recently that supply chain constraints would not be completely fixed in the near term as the world continues to grapple with the virus.

The semiconductor industry has been especially vulnerable as demand for electronic devices has suddenly grown causing shortages since areas where spare parts are located have been under lockdown or have been experiencing shortage of workers.

Apple has also been hit by supply chain bottlenecks even as demand for phones have increased as iPhone and iPad sales have been hampered.

<a href="https://www.wionews.com/world/us-bans-on-xinjiang-imports-to-sabotage-global-supply-chains-says-china-327688">Also Read |&nbsp;US bans on Xinjiang imports to sabotage global supply chains, says China</a>

US Federal Reserve had said last month that supply bottlenecks and labour shortages had slowed the country's economic growth also due to the "uncertainty around the Delta variant of COVID-19".

(With inputs from Agencies)

As supply chain disruptions continue to hit major economies, US President Joe Biden while interacting with reporters said it is a "complicated world" while conceding that it is "confusing" for many people.

As supply chain disruptions continue to hit major economies, US President Joe Biden while interacting with reporters said it is a "complicated world" while conceding that it is "confusing" for many people. Biden told reporters at the White House that they haven't been able to "properly explain the supply chain very well" while adding, "I'm not being critical. I'm being deadly earnest. This is a confusing time". Also Read: After Christmas food, chocolate bar Bounty falls prey to supply chain crisis "You can understand why people are upset, whether you have a PhD or you're working in a restaurant. It's confusing. People are understandably worried," the US president said. The supply chain snarls have affected several sectors including computers, cars, clothing, mobile phones and is set to last well into next year, according to experts. France and Germany have reportedly experienced loss in industrial output due to persistent supply chain disruptions with the German auto industry taking a major hit. Several factories have been shut as key areas have been hit by lockdowns as production of spare parts and semiconductors have been below pre-pandemic levels for the past several months. Also Read: Transport chiefs warn world leaders and UN about incoming collapse of global supply chain Arm Holdings chief executive Simon Segars had said recently that supply chain constraints would not be completely fixed in the near term as the world continues to grapple with the virus. The semiconductor industry has been especially vulnerable as demand for electronic devices has suddenly grown causing shortages since areas where spare parts are located have been under lockdown or have been experiencing shortage of workers. Apple has also been hit by supply chain bottlenecks even as demand for phones have increased as iPhone and iPad sales have been hampered. Also Read | US bans on Xinjiang imports to sabotage global supply chains, says China US Federal Reserve had said last month that supply bottlenecks and labour shortages had slowed the country's economic growth also due to the "uncertainty around the Delta variant of COVID-19". (With inputs from Agencies)

'Confusing': Biden takes a dig at reporters on 'explaining' supply chain disruptions

US President Joe Biden announced additional initiatives to relieve global backlogs, despite rising domestic complaints about supply chain problems after meeting with his G20 counterparts in Rome on Sunday.

Biden pledges funds to Mexico, Southeast Asian Nations to ease supply chain woes

Supply chain woes have caused Apple now 6 billion dollars in sales during fiscal fourth quarter.

Supply chain woes cause Apple 6 billion dollars

The largest U.S. manufacturers including General Motors, General Electric, 3M and Boeing face logistics headaches and higher costs due to global supply bottlenecks that are likely to persist into next year but agreed the hit to profits can be mitigated by charging higher prices for their goods.

US companies to keep prices high as supply chain headaches persist

Are stores near you running out of supplies? Are your deliveries being delayed? Who is to blame for it? Over-dependence on China has triggered a supply chain crisis. Palki Sharma tells you how it started, how it's going, and what's the way out.

Gravitas Plus: The Supply chain crisis

Popular chocolate bar, Bounty, may be the next victim of the ongoing supply chain crisis in the UK and other European countries.

The chocolate giant, Mars, has reported that Bounty, which is one of its highest selling bars, is facing shortages in Russia due to the fall in its supply of raw materials in Europe.

Also read |&nbsp;<a href="https://www.wionews.com/world/no-cheer-this-year-uk-might-face-a-crisis-of-christmas-food-due-to-visa-restrictions-417435">No cheer this year? UK might face a crisis of Christmas food due to visa restrictions</a>

The confectionary giant has warned its customers in Russia that the popular chocolate bar may face shortage in the next few months as experts have predicted possible lack of coconut flakes. These coconut flakes are the unique ingredient in the Bounty chocolate bar.

However, local reports have also stated that there might be 'forced restriction' behind this façade of lack of supplies for the Bounty brand. A letter warns that even though the demand has increased for this chocolate-coconut bar, the warehouses should have enough to meet the demand by mid-October.

Also read |&nbsp;<a href="https://www.wionews.com/world/watch-uk-fuel-crisis-as-people-wait-in-queues-man-rides-horse-into-gas-station-mocks-those-waiting-to-fill-up-on-fuel-417393">Watch: UK Fuel crisis, as people wait in queues, man rides horse into gas station, mocks those waiting to fill up on fuel</a>

At the same time, the reports have been rubbished and authorities have stated that the lack of raw materials is a result of poor harvest of coconut chips this time. Philippines, which is the second largest coconut producer of the world, was hit by typhoons which destroyed more than 49 million trees.

The destruction of these trees have resulted in a poor harvest and analysts believe it will take nearly two to three years for the industry to come out of that loss.

This has come a little after it has been revealed that the UK will be facing shortage of Christmas food, especially meat products due to the lack of raw material. The UK has also been fighting a fuel crisis which has been a direct consequence of Brexit.

Popular chocolate bar, Bounty, may be the next victim of the ongoing supply chain crisis in the UK and other European countries. The chocolate giant, Mars, has reported that Bounty, which is one of its highest selling bars, is facing shortages in Russia due to the fall in its supply of raw materials in Europe.

Popular chocolate bar, Bounty, may be the next victim of the ongoing supply chain crisis in the UK and other European countries. The chocolate giant, Mars, has reported that Bounty, which is one of its highest selling bars, is facing shortages in Russia due to the fall in its supply of raw materials in Europe. Also read | No cheer this year? UK might face a crisis of Christmas food due to visa restrictions The confectionary giant has warned its customers in Russia that the popular chocolate bar may face shortage in the next few months as experts have predicted possible lack of coconut flakes. These coconut flakes are the unique ingredient in the Bounty chocolate bar. However, local reports have also stated that there might be 'forced restriction' behind this façade of lack of supplies for the Bounty brand. A letter warns that even though the demand has increased for this chocolate-coconut bar, the warehouses should have enough to meet the demand by mid-October. Also read | Watch: UK Fuel crisis, as people wait in queues, man rides horse into gas station, mocks those waiting to fill up on fuel At the same time, the reports have been rubbished and authorities have stated that the lack of raw materials is a result of poor harvest of coconut chips this time. Philippines, which is the second largest coconut producer of the world, was hit by typhoons which destroyed more than 49 million trees. The destruction of these trees have resulted in a poor harvest and analysts believe it will take nearly two to three years for the industry to come out of that loss. This has come a little after it has been revealed that the UK will be facing shortage of Christmas food, especially meat products due to the lack of raw material. The UK has also been fighting a fuel crisis which has been a direct consequence of Brexit.

After Christmas food, chocolate bar Bounty falls prey to supply chain crisis

Citizens had to wait for hours to refuel their cars amid a massive crunch in UK, this comes after UK Prime Minister Boris Johnson admitted that fuel shortages may continue till Christmas.

United Kingdom: Fuel shortage may last till Christmas, says PM Boris Johnson

In the past two years, truck driver, airline workers and others witnessing months of quarantine, travel restrictions and complex covid testing and vaccine requirements. Now transport head writes a joint open letter to raise awareness issues of what transport industry is facing.

Global supply chain currently fragile; Transport heads ask WHO to take up issues at UN

While cases of coronavirus are declining all over the world, the economic losses faced by the pandemic seem to be adding up.<o:p></o:p>

In addition to several other industries, the transport industry has urged global leaders and the United Nations (UN) to pay attention to their worsening situation.<o:p></o:p>

IRU, the world road transport organisation, IATA, the International Air Transport Association, ICS, the International Chamber of Shipping, and ITF, the International Transport Workers' Federation came together to draft this letter and make an urgent plea on behalf of the whole transport industry.

<o:p>Also read |&nbsp;<a href="https://www.wionews.com/world/vietnam-lockdown-hits-iphone-delivery-shoe-car-companies-also-suffer-416794">Vietnam lockdown hits iPhone delivery; shoe &amp; car companies also suffer</a></o:p>

"Our collective industries account for more than $20 trillion of world trade annually, and represent 65 million global transport workers, and over 3.5 million road freight and airline companies, as well as more than 80% of the world merchant shipping fleet," the chiefs said in a joint letter.<o:p></o:p>

As the <a href="https://www.wionews.com/topics/coronavirus">coronavirus pandemic</a> took over the world in the beginning of 2019, all kinds of transportation came to a halt. This has negatively impacted the industry and companies have had to bear huge amount of losses.<o:p></o:p>

Calling for aid in these difficult times, the global transport chiefs have urged the UN to out an end to all travel bans and other Covid-related restrictions.

<o:p>Also read |&nbsp;<a href="https://www.wionews.com/india-news/are-virtual-classrooms-in-post-pandemic-world-turning-your-kids-into-introverts-than-extroverts-415167">Are virtual classrooms in post-pandemic world turning your kids into introverts than extroverts?</a></o:p>

The joint open letter by the global transport chiefs have alleged world leaders of not offering them enough support in these difficult times, especially since it is the transport industry that has been putting their lives in risk to ensure timely delivery of medicines, PPE kits, masks and much more.<o:p></o:p>

"Transport workers keep the world running and are vital for the free movement of products, including vaccines and PPE, but have been continually failed by governments and taken for granted by their officials," the letter reads.<o:p></o:p>

The chiefs have asked for freedom of movement for transport workers and have urged the world leaders to ensure that they follow protocols that have been set up and motivated by international bodies. <o:p></o:p>

Keeping their safety in mind, they have also requested governments to prioritise transport workers when it comes to Covid vaccinations.

<o:p>Also read |&nbsp;<a href="https://www.wionews.com/world/can-vitamin-a-help-in-treating-covid-caused-loss-of-smell-experts-answer-416845">Can Vitamin A help in treating Covid-caused loss of smell? Experts answer</a></o:p>

"We ask that our transport workers are given priority to receive WHO recognised vaccines and heads of government work together to create globally harmonised, digital, mutually recognised vaccination certificate and processes for demonstrating health credentials (including vaccination status and COVID-19 test results), which are paramount to ensure transport workers can cross international borders,"&nbsp;letter read.<o:p></o:p>

The industry has blamed world leaders of putting more strain on the transport workers by engaging in a blame game and failing to take quality decisions.<o:p></o:p>

"Heads of government have failed to listen, to end the blame-shifting within and between governments and take the decisive and coordinated action needed to resolve this crisis,"&nbsp;the letter accuses.<o:p></o:p>

They chiefs have also warned about an incoming massive delay in all sorts of transport deliveries as the consumer demand is alarming increasing and the trend is expected to get worse with Christmas right around the corner. This delay is expected to continue at least till 2022.<o:p></o:p>

"It is of great concern that we are also seeing shortages of workers and expect more to leave our industries as a result of the poor treatment they have faced during the pandemic, putting the supply chain under greater threat," the chiefs warned.<o:p></o:p>

While cases of coronavirus are declining all over the world, the economic losses faced by the pandemic seem to be adding up. In addition to several other industries, the transport industry has urged global leaders and the United Nations (UN) to pay attention to their worsening situation.

While cases of coronavirus are declining all over the world, the economic losses faced by the pandemic seem to be adding up. In addition to several other industries, the transport industry has urged global leaders and the United Nations (UN) to pay attention to their worsening situation. IRU, the world road transport organisation, IATA, the International Air Transport Association, ICS, the International Chamber of Shipping, and ITF, the International Transport Workers' Federation came together to draft this letter and make an urgent plea on behalf of the whole transport industry. Also read | Vietnam lockdown hits iPhone delivery; shoe & car companies also suffer "Our collective industries account for more than $20 trillion of world trade annually, and represent 65 million global transport workers, and over 3.5 million road freight and airline companies, as well as more than 80% of the world merchant shipping fleet," the chiefs said in a joint letter. As the coronavirus pandemic took over the world in the beginning of 2019, all kinds of transportation came to a halt. This has negatively impacted the industry and companies have had to bear huge amount of losses. Calling for aid in these difficult times, the global transport chiefs have urged the UN to out an end to all travel bans and other Covid-related restrictions. Also read | Are virtual classrooms in post-pandemic world turning your kids into introverts than extroverts? The joint open letter by the global transport chiefs have alleged world leaders of not offering them enough support in these difficult times, especially since it is the transport industry that has been putting their lives in risk to ensure timely delivery of medicines, PPE kits, masks and much more. "Transport workers keep the world running and are vital for the free movement of products, including vaccines and PPE, but have been continually failed by governments and taken for granted by their officials," the letter reads. The chiefs have asked for freedom of movement for transport workers and have urged the world leaders to ensure that they follow protocols that have been set up and motivated by international bodies. Keeping their safety in mind, they have also requested governments to prioritise transport workers when it comes to Covid vaccinations. Also read | Can Vitamin A help in treating Covid-caused loss of smell? Experts answer "We ask that our transport workers are given priority to receive WHO recognised vaccines and heads of government work together to create globally harmonised, digital, mutually recognised vaccination certificate and processes for demonstrating health credentials (including vaccination status and COVID-19 test results), which are paramount to ensure transport workers can cross international borders," letter read. The industry has blamed world leaders of putting more strain on the transport workers by engaging in a blame game and failing to take quality decisions. "Heads of government have failed to listen, to end the blame-shifting within and between governments and take the decisive and coordinated action needed to resolve this crisis," the letter accuses. They chiefs have also warned about an incoming massive delay in all sorts of transport deliveries as the consumer demand is alarming increasing and the trend is expected to get worse with Christmas right around the corner. This delay is expected to continue at least till 2022. "It is of great concern that we are also seeing shortages of workers and expect more to leave our industries as a result of the poor treatment they have faced during the pandemic, putting the supply chain under greater threat," the chiefs warned.

Transport chiefs warn world leaders and UN about incoming collapse of global supply chain

According to reports, lockdown in Vietnam has prevented Apple's new iPhone 13 phone from reaching customers since the camera modules are made in the country.

Vietnam has been hit by the fierce Delta wave resulting in lockdowns. The country's southern region namely Ho Chi Minh City and Binh Duong province are the main areas where the components are made, however, it has been hit by the virus resulting in many companies shutting operations in the area.&nbsp;

<a href="https://www.wionews.com/world/vietnamese-fleeing-virus-found-in-refrigerated-truck-media-412752">Also Read:&nbsp;Vietnamese fleeing virus found in refrigerated truck</a>

Prime Minister Pham Minh Chinh had said last week that the curbs will be lifted soon since the economy has been hit hard. The country has reported 746,600 coronavirus cases and 18,400 fatalities so far.

Ho Chi Minh city also hosts a port to export coffee which has been hit due to the lockdown. Vietnam is the second-largest producer of coffee and a major export hub. It produces coffee beans which is widely used in instant coffee.

<a href="https://www.wionews.com/world/vietnams-ho-chi-minh-city-to-enact-social-distancing-388478">Also Read:&nbsp;Vietnam's Ho Chi Minh City to enact social distancing</a>

The supply chain in clothes has also been disrupted. International&nbsp;brands Nike and Adidas are reportedly looking to temporarily move production as factory activity has shrunk in Vietnam.

Vietnam's state media reported that it had decided to delay reopening Phu Quoc which is a resort island with vaccination levels at a low. Tourism revenue has also been hit badly in Vietnam with lockdowns underway.

<a href="https://www.wionews.com/world/vietnam-extends-quarantine-for-arrivals-after-new-virus-outbreak-383059">Also Read:&nbsp;Vietnam extends quarantine for arrivals after new virus outbreak</a>

Car companies have also not been spared with Vietnam being a major player in auto parts. Toyota said it relies on Vietnam's factories for wires, frames and chairs which has been in short supply.&nbsp;

(With inputs from Agencies)

According to reports, lockdown in Vietnam has prevented Apple's new iPhone 13 phone from reaching customers since the camera modules are made in the country. Vietnam has been hit by the fierce Delta wave resulting in lockdowns.

According to reports, lockdown in Vietnam has prevented Apple's new iPhone 13 phone from reaching customers since the camera modules are made in the country. Vietnam has been hit by the fierce Delta wave resulting in lockdowns. The country's southern region namely Ho Chi Minh City and Binh Duong province are the main areas where the components are made, however, it has been hit by the virus resulting in many companies shutting operations in the area. Also Read: Vietnamese fleeing virus found in refrigerated truck Prime Minister Pham Minh Chinh had said last week that the curbs will be lifted soon since the economy has been hit hard. The country has reported 746,600 coronavirus cases and 18,400 fatalities so far. Ho Chi Minh city also hosts a port to export coffee which has been hit due to the lockdown. Vietnam is the second-largest producer of coffee and a major export hub. It produces coffee beans which is widely used in instant coffee. Also Read: Vietnam's Ho Chi Minh City to enact social distancing The supply chain in clothes has also been disrupted. International brands Nike and Adidas are reportedly looking to temporarily move production as factory activity has shrunk in Vietnam. Vietnam's state media reported that it had decided to delay reopening Phu Quoc which is a resort island with vaccination levels at a low. Tourism revenue has also been hit badly in Vietnam with lockdowns underway. Also Read: Vietnam extends quarantine for arrivals after new virus outbreak Car companies have also not been spared with Vietnam being a major player in auto parts. Toyota said it relies on Vietnam's factories for wires, frames and chairs which has been in short supply. (With inputs from Agencies)

Vietnam lockdown hits iPhone delivery; shoe & car companies also suffer

Britain put the army on standby to help with the ongoing fuel crisis as fears over tanker driver shortages led to panic buying, leaving many of the country’s petrol pumps dry.

Britain puts army on standby to deliver fuels as service stations run dry

The shortage of lorry drivers is causing a major disruption to parts of some British supply chains. Sectors from food to fuel have been impacted. Fears over tanker driver shortages led to panic, leaving many of the country's petrol pump dry.

Post-Brexit shortage of lorry drivers in UK

The UK is scrambling for basic necessities and for the third day running, Britain is now waiting to fill up the fuels. The oil firms are claiming that lack of drivers are causing transportation problems.

Supply-Chain issues at fuel station, opposition slams UK government for crisis

As production contracted for the first time in 12 months and slowed demand due to rising COVID-19 infections, South Korea's factory activity has slowed in August, also impacted by the supply chain disruptions across the region.

World Business Watch: South Korea's factory activity growth slows as output shrinks

The world economy is facing a supply chain problem that is more severe in countries like the UK where the surging delta variant has disturbed logistics.

World Business Watch: The world economy’s supply chain problem keeps getting worse

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