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Breaking Industry Supply Chain News from Tesla

Supply Chain Matters

Supply Chain Matters highlights a breaking news development involving Tesla’s existing Nevada based Gigafactory that will be of interest to Automotive EV manufacturers and their supply networks. Tesla Announces Added Investment in Gigafactory Nevada Electric auto maker Tesla has announced a reported $3.6

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June 2023 US Logistics Managers Index Drops to a Revised Low

Supply Chain Matters

Consequently, the warehousing capacity metric increased a reported 6.8 percentage points In May, noted as an indication that shippers are consuming even less of available capacity than the month earlier. Surge or seasonal capacity is usually pegged to spot rates based on available capacity. The June value of 45.6

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November U.S. Logistics Manager’s Index- Noteworthy Trending

Supply Chain Matters

which is attributable to Q4 holiday sales and the subsequent dips in Warehousing Capacity (+3.6) and Transportation Capacity (+5.2) The reported November value of 49.4 declined a significant 7.1 percentage points from that of October. and slowdown in Warehousing Utilization (-14.0) and Transportation Utilization (-10.7).

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Tesla Makes Plans for Megapack Battery Production in China

Supply Chain Matters

A published report by Bloomberg , citing a company representative, indicates that the proposed advanced battery production facility will have the capacity to produce 10,000 battery packs per year. The company’s Sparks, Nevada based gigafactory can also produce megapacks. million for the use rights of an estimated 19.7-hectare

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Global Supply Chain Volatility Continues to Moderate But Not Inventory and Warehousing Costs

Supply Chain Matters

The takeaway for September was that global manufacturing activity officially fall below the 50.0 On the other hand, transportation metrics continue their slowed pace, reaching the second highest level of capacity growth, and the third fastest rate of price contraction in the history of the index. up from an August reading of 59.7.

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U.S. Freight Rates Reach Six Year Low Milestone

Supply Chain Matters

Panelists reportedly pointed to a more pessimistic outlook for transportation utilization for the remainder of this year From our lens, the picture of the report is that not only is an overall contraction of freight demand, but continued high inventory and warehouse capacity utilization is leading to increased inventory storage costs.

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U.S. Logistics Manager’s Index Drops to an All Time Low in May

Supply Chain Matters

percentage points In May, noted as an indication that shippers are consuming even less of available capacity than the month earlier. The reported May value of 47.3 compared to the April value of 50.9, and was noted as a “ new all-time low and for the first time in its 6.5-year year history it has moved into contraction territory.”