Supply Chain

Supply Chain

Lucid cuts production, Q3 deliveries fall 6.7%

Lucid Group delivered 3,806 EVs in Q3 2024 — a 6.7% drop year-over-year — after cutting production to one shift in Arizona amid slower demand. Output fell to 2,954 vehicles from 3,891 a year earlier. Cumulative deliveries rose 3.4% YTD, while production increased 33% overall. The company aims to secure $1.4 billion in cash flow improvements this year, including $600M–$800M from inventory, $500M from capex, and $200M from operating expenses. Shares closed at $4.17, down over 60% in 2024.

2026-10-07

Supply Chain

C.H. Robinson acquires RXO in $2.1B deal

C.H. Robinson has acquired RXO for $2.1 billion, a move set to close in Q4 2026. The deal brings together two major U.S.-based logistics providers, combining RXO’s $3.7 billion in 2025 revenue and its RXO Connect platform with C.H. Robinson’s Navisphere ecosystem. The merged entity will serve over 125,000 customers and manage more than 22 million annual shipments. Synergies are projected at $180 million annually within 24 months. RXO reported a 12.4% gross margin in fiscal 2025. This follows C.H. Robinson’s $1.3 billion acquisition of TMC in 2022.

2026-10-06

Supply Chain

Evri acquires US firm to enter U.S. last-mile delivery

UK parcel carrier Evri will enter the U.S. delivery market through an acquisition scheduled to close in Q3 2025. The company plans to operate from five U.S. distribution hubs starting with Chicago, Dallas, and Atlanta. Evri expects $120 million in annual U.S. revenue by 2026 and aims to capture 3.7% of the U.S. last-mile parcel volume within three years. The deal includes 420 employees and 185 delivery vehicles. FMCSA approval is expected by May 2025, with service rollout beginning in October 2025.

2026-10-06

Supply Chain

ADB lends $50M to boost Bangladesh polyester chips to 407 t/day

The Asian Development Bank has approved a $50 million loan to support MSL’s expansion of polyester chips production in Bangladesh, increasing daily capacity from 107 tonnes to 407 tonnes. The project aims to reduce import dependence, shorten lead times, and improve efficiency for textile manufacturers. It will save 4,840 megawatt-hours of electricity and cut 2,222 tons of CO₂-equivalent emissions annually. The facility targets LEED Platinum certification and will create about 100 new jobs with inclusive recruitment. ADB country director Qingfeng Zhang emphasized the project’s role in deepening backward linkages and supporting higher-value textile manufacturing.

2026-10-06

Supply Chain

Nike, India Ink Pact to Boost Manufacturing, Jobs, Local Sourcing

Union Commerce and Industry Minister Piyush Goyal announced on October 5, 2026 that the India-Nike partnership — which began with Sunil Gavaskar’s 1980s endorsement — is expanding into manufacturing, job creation, and local sourcing. Nike plans to establish a new campus in India as part of its global restructuring. The initiative aligns with India’s Make in India campaign and aims to strengthen domestic production and global supply chain integration. Goyal emphasized youth opportunity and local sourcing as core pillars.

2026-10-06

Supply Chain

C.H. Robinson acquires RXO for $5.8B to expand logistics network

C.H. Robinson plans to acquire RXO for $5.8 billion in a stock-and-cash deal announced on Oct. 5, 2026. Expected to close in the first half of 2027, the merger will create a $25-billion third-party logistics provider serving ~93,000 shippers and ~600,000 carriers. The combination integrates C.H. Robinson’s global multimodal services with RXO’s North American brokerage, expedited, and last-mile capabilities. CEO Dave Bozeman highlighted increased network density and a broader supply chain solution portfolio.

2026-10-06

Supply Chain

Puma taps Maersk to manage 2.3M-sq-ft North America network

Puma has partnered with Maersk to manage its North America distribution network, entrusting Maersk with three AutoStore-equipped facilities in Torrance, California; Phoenix; and Whitestown, Indiana. Together, these sites cover approximately 2.3 million square feet. The agreement, announced October 2, 2026, expands Maersk’s existing services for Puma — including ocean shipping, air freight, customs, inland transport, and fulfillment — to include full distribution center management. Available capacity across the three locations will also serve other Maersk customers.

2026-10-05

Supply Chain

Mexico Customs Payment Fraud Rises 213%; LEGO Invests $400M

Mexican trade officials warn that identity thieves are spoofing domains and hijacking customs payment flows in cross-border freight. Fraud attempts rose 213% from 2023–2024 and another 30% in 2025, reaching 2.15% of transactions. Javier Cendejas of COMCE Noreste cited urgent cargo-release demands as a key vulnerability. Separately, LEGO Group announced a $400 million expansion in Nuevo León, adding 1,300 jobs by 2029. Authorities now require customs agents to retain electronic customer files per a May 14, 2026 mandate.

2026-10-05

Supply Chain

Service Robots for Logistics Hit 49% of 2025 Sales

According to www.thescxchange.com, service robots used for transportation and logistics represented 49% of all global service robot sales in 2025. Total shipments rose 24% to nearly 250,000 units that year. Healthcare accounted for 20% of deployments, cleaning for 13%, and other professional services for 26%. The report provides no company-specific or regional breakdowns beyond these aggregate functional percentages and the 2025 timeframe.

2026-10-03

Supply Chain

PlusAI to close $800M SPAC merger by year-end

PlusAI expects to close its $800 million SPAC merger with Texas Ventures Acquisition III Corp. by year-end, securing up to $300 million in proceeds—including $60 million in committed financing and a $236 million SPAC trust—to fund operations through 2027. Its HyperFoundry platform generated $25 million in revenue this year and targets $40–$50 million in contracted revenue for 2026. Commercial pilots run daily in Texas with International and Ryder, while OEM partnerships with TRATON, Hyundai, and IVECO pave the way for SuperDrive deployment. Driverless truck commercialization is slated for 2027.

2026-10-02

Supply Chain

CMA CGM acquires FedEx Supply Chain for $1.4 billion

CMA CGM has completed its $1.4 billion acquisition of FedEx Supply Chain, gaining control of more than 20 U.S. distribution centers and 13,000 employees. The deal, approved by U.S. antitrust regulators in August 2026, expands CMA CGM’s logistics footprint across North America. FedEx Supply Chain reported $2.1 billion in revenue in its most recent fiscal year. CMA CGM plans to invest $180 million over two years to upgrade automation and IT systems. Integration is scheduled for completion by end-2026.

2026-10-02

Supply Chain

CMA CGM acquires FedEx Supply Chain for $1.4bn

The CMA CGM Group has completed its $1.4bn acquisition of FedEx Supply Chain, unlocking multi-year air and ocean freight agreements with FedEx. The deal triples CEVA Logistics’ North American footprint, adding ~34 million sq ft of warehouse space and expanding operations to over 240 locations with ~20,000 employees. As of 31 May 2025, FedEx operated 698 freighters, while CMA CGM Air Cargo flew five Boeing 777Fs and one Airbus A330-200F. The integration accelerates automation deployment and deepens sector expertise in healthcare, tech, and retail across the US and Canada.

2026-10-02