The supply chain week in numbers

15 April 2016

4,000

The number of jobs saved as part of Tata Steel’s deal to sell its Long Products Europe division, which includes its 2,000-acre Scunthorpe plant, to distressed debt investment firm Greybull Capital. The buyer will pay a nominal £1 for the company and rename it British Steel.

76%

The year-on-year increase in Chinese pork imports in February this year. Pork is a key ingredient in many Chinese dishes, but after a price plunge last year the industry reduced stocks, sending prices soaring by 47.9% year-on-year in February to $1.80 a pound. Pork is traditionally a volatile market and supply and demand are forecast to balance later this year.

20,000,000

Heads of lettuce and leafy greens sold by Gotham Green Farms to Whole Foods Market, restaurants and retailers in the US in the past year. The urban farm group, whose locations include four rooftop greenhouses, has raised $30m to finance its expansion. Urban farming – and smart (high-tech) farming near cities – are attracting a lot of venture capital in the US.

$2,500

The usual fee for a survey of an Iranian company, detailing the ownership structure and CEO’s background. Although Iran is open for business, the lifting of sanctions is a complex affair and lawyers warn aspiring exporters to do their due diligence or risk fines from the US Treasury, which still proscribes businesses connected to the Revolutionary Guards.

40%

The proportion of all gold traded on the international market that flows through Dubai. This month the “city of gold” hosts the Dubai Precious Metals Conference, where refiners, traders and bankers assess gold market trends. One item not on the agenda is child labour, which the International Labour Organization says is particularly prevalent in small-scale gold mines in Africa, Asia and South America.

2

The number of “selfie benches” installed by Bridgend County Borough Council at a local esplanade. Residents in Porthcawl were bemused when the new benches appeared facing the main road rather than offering a sea view over the Bristol Channel. The local tourist board tried to make amends by encouraging visitors to take selfies on the bench and post them on social media with the hashtag #SelfieBench. Oddly enough, it seems to be working.

 

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