Tardy tankers, mangoes and zero emission freight feature in this number crunching round up of the week in supply chains and procurement.
…and counting. The delay in delivery of the first fleet tanker to the Royal Navy by Daewoo Shipbuilding and Marine Engineering. The tanker Tidespring, which was expected to be accepted in January 2016 and enter service this September. The Ministry of Defence would not comment on reasons for the delay.
The contraction in Russia’s GDP in the second quarter of 2016. This is regarded as good news, given that the country’s economy shrank by 1.2% in the previous three months. The IMF is predicting that, despite the impact of falling oil prices and public spending cuts, its economy will grow by a modest 1% in 2017.
The amount of cash PSA Peugeot Citroen’s automotive division is now sitting on after reporting a profit of 6.8% in its first half results (compared to just 1% a year ago). The French carmaker has improved productivity and cut costs. Renault has done almost as well, with an operating margin of 4.7% in the same period. PSA Peugeot Citroen’s hopes of maintaining this progress depend partly on the relaunch of the Citroen DS, the car that saved French President Charles De Gaulle’s life in 1962: its self-levelling hydropneumatic suspension enabled the chauffeur to accelerate away from the gunmen.
The amount of time mangoes, sprayed with the natural plant extract hexanal while growing, can stay fresh at room temperature. Studies by the Active & Intelligent Packaging Association, a global organisation based in the Netherlands, suggest that hexanal can delay the ripening process, enabling fruit to stay fresh for much longer. The extract is already approved as a food additive in the US and field trials are now being conducted on other fruit.
The number of measures announced by California governor Jerry Brown in a plan to make the state’s freight business achieve zero emissions. The measures include introducing 100,000 cleaner fuel vehicles by 2030 and creating a think tank to drive development of sustainable technology. California is the largest gateway for international trade in America: industries dependent on rail, ships, planes and trucks generated $740bn in revenue in 2014. Yet freight equipment accounts for 45% of smog-forming nitrogen oxide and about half of the state’s particulate emission,
150,000 barrels a day
The expected increase in Libya’s oil production over the next two weeks after the National Oil company settled a pay dispute with guards who had been blocking exports from three ports: Zueitina, Es Sider and Ras Lanuf. The company currently produces around 400,000 barrels a day but estimates that could more than double if it can strike deals with groups blocking output in oil fields in the south.
The number of passengers using Chinese car-hailing app Didi Chuxing every day. The company has just announced a merger with the Chinese arm of Uber after a price war that cost the American company $1billion in 2015.
☛ Want to stay up to date with the news? Sign up to our daily bulletin.