All articles tagged with #global production
President Trump threatened a 100% tariff on movies made outside the U.S., causing industry concern about potential disruptions to global film production, though no legislation has been enacted yet. The industry fears that such tariffs could impact international collaborations, jobs, and economic benefits, with some governments and industry stakeholders cautious about the potential fallout.
Nissan plans to lay off 9,000 workers globally and reduce production by 20% due to declining sales in China and the US. The company has also cut its 2024 profit forecasts by 70% and is implementing executive pay cuts. Nissan's struggles are attributed to increased competition in China's electric vehicle market and economic challenges in the US. Despite these measures, Nissan aims to restructure for resilience, with plans to produce new electric models at its Sunderland plant.
John Deere has announced plans to lay off global production and salaried employees by the end of Q3 2024, citing the need for long-term business health. The impact on Eastern Iowa facilities and the number of affected employees remain unclear. KWWL is seeking further details and will provide updates as the story develops.
Apple and its suppliers have set a goal to manufacture over 50 million iPhones annually in India within the next two to three years, with plans for even more units in the future. If successful, India would account for a quarter of global iPhone production, while China would remain the largest producer.
Nutrien, the world's largest ag retailer and producer of potash, is poised to take advantage of the disruption caused by Russia's invasion of Ukraine, which has reduced grain inventories and driven up prices. The company's expansive network of retail stores selling fertilizer, seed, and services in seven countries, including the U.S., puts it in a strong position to benefit from increased global production.
Toyota plans to launch 10 new electric vehicles globally and manufacture them at an annual production rate of 1.5 million by 2026, according to the company's president, Koji Sato. The automaker currently offers just three fully electric models and sold less than 25,000 last year, compared to 2.6 million hybrids. Toyota has primarily focused on hybrid technology in recent years, but is now shifting its focus to electric vehicles to catch up with competitors like Tesla. The new EV production goal is 300,000 higher than was previously forecast.
Global cocaine production has reached a record high, increasing by 35% between 2020 and 2021 due to expansion in coca bush cultivation and improved techniques in making cocaine, according to a report from the United Nations Office of Drugs and Crime (UNODC). The main markets for cocaine remain in the Americas and Europe, but there is potential for expansion in Asia and Africa. New hubs for cocaine trafficking are emerging in Southeastern Europe and West and Central Africa, with North Sea ports overtaking traditional entryways to Europe. Law enforcement has intercepted a record 2,000 tons of cocaine in 2021.