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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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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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Commodities Used in Electric Car Batteries: An Update on Lithium and Nickel

Resilinc

In contrast, the United States has made a significant breakthrough with the discovery of a massive lithium deposit along the Nevada-Oregon border. GM’s proactive move to invest $650 million in Lithium Americas Corp is worth highlighting, as it will greatly facilitate the development of the Thacker Pass lithium mining project in Nevada.

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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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Supply Chain Volatility Indexes Moderate in February

Supply Chain Matters

A further significant change noted was Warehousing Capacity moving back into expansion levels by 10.2 percentage points in February, a sign of prior capacity constraints. it will take a significant and prolonged expansion of Warehousing Capacity to push the market back toward normal cost levels.”

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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.”