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Ozempic, Wegovy are coming to bite the sugar industry

Ozempic, Wegovy are coming to bite a sugar industry in denial

Ozempic, Wegovy are coming to bite the sugar industry

Former F1 engine suppler Cosworth hails record revenue

Former F1 engine supplier Cosworth achieved a record revenue of £100m during 2023 "despite challenging market and supply chain conditions".

Container Crisis Upends Global Food Trade – gCaptain

Share this article By Isis Almeida , Ann Koh , and Michael Hirtzer (Bloomberg) Food is piling up in all the wrong places, due to struggles facing ships hauling empty shipping containers. Global competition for the ribbed steel containers means that Thailand can’t ship its rice, Canada is stuck with peas and India can’t offload its mountain of sugar. Shipping empty boxes back to China has become so profitable that even some American soybean shippers are having to fight for containers to supply hungry Asian buyers. “People aren’t getting their goods where they need them,” said Steve Kranig, director of logistics at IM-EX Global Inc., a freight forwarder that handles cargoes including rice, bananas and dumplings from Asia to the U.S. “One of my customers ships 8 to 10 containers of rice every week from Thailand to Los Angeles. But he can only ship 2 to 3 containers a week right now.”