Multinationals pledge major facility investment in India's Tamil Nadu
The state government of India’s Tamil Nadu has signed investment pacts worth over $4.39bn with ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
It’s not entirely freight related – in fact, not really at all – but this article caught our eye. It’s a fascinating exposé of an Apple supplier’s contract that, it claims, helped bring about the bankruptcy of sapphire screen maker GTAT. Not only did GTAT borrow money from Apple to be able to fulfil the orders, but then Apple negotiated so hard that GTAT was selling its product at a loss while at risk of steep fines for any breach of contract. Apple, however, could cancel orders at any time. Now 890 people are jobless and and the management is facing questions over insider dealing. A sorry saga.
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