Toyota Slashes Output Amid Global Chip Shortage Hits Auto Sector

Toyota Slashes Output Amid Global Chip Shortage Hits Auto Sector

The global automotive industry is facing a chip shortage crisis, with Toyota's significant production cuts serving as a warning. The worsening pandemic in Southeast Asia exacerbates component shortages, impacting automakers like Ford and GM. Automakers are actively seeking solutions, with diversifying supply chains and collaborating with chip manufacturers being key strategies. Consumers may face longer waiting times and reduced configurations. This crisis may accelerate the automotive industry's transition to electrification and intelligentization.

HS Codes for Bamboo and Rattan Trade Key Guidelines

HS Codes for Bamboo and Rattan Trade Key Guidelines

This article provides a comprehensive analysis of the HS codes for bamboo and rattan products, covering bamboo, rattan, and other parts and materials from these plants. It aims to help exporters understand market demands and regulatory requirements, ensuring smooth customs clearance for their products.

GM Advances Supply Chain Sustainability with ESG Initiatives

GM Advances Supply Chain Sustainability with ESG Initiatives

General Motors has announced a new ESG commitment, inviting global suppliers to jointly dedicate themselves to carbon neutrality, social responsibility projects, and sustainable procurement practices. This initiative aims to promote the green transformation and sustainable development of the entire automotive industry chain, while also enhancing the stability and competitiveness of the supply chain. The commitment underscores GM's dedication to environmental and social responsibility, pushing for a more sustainable future in the automotive sector through collaborative efforts with its suppliers.