Business This is how rising ocean temperatures will disrupt supply chains Written by Oscar Collins October 27, 2022January 25, 2023 Saving Bookmark this article Bookmarked The scoop: Supply chains must respond to increasing demand for climate action. Key talking points: People can see the potential effects of climate change in places like the Rhine River in Europe and Texas with its winter energy crisis.Rising ocean temperatures are pushing lobsters north and making it harder for these creatures to reproduce, harming the seafood industry in the Northeast.In response to consumers and investors, automakers are transitioning to electric vehicles, even for the most popular models.The effects will worsen if governments and the private sector don’t act quickly. Droughts, wildfires, hurricanes, and other storms will get stronger and cause further damage to industries, the environment, and the supply chain. Dig deeper → 5 min
Business A Closer Look at Ford’s Big Bet on Electric Vehicles Written by Oscar Collins October 19, 2022January 25, 2023 Saving Bookmark this article Bookmarked Big picture: Ford has announced a $50 billion investment in EVs as these vehicles become more popular. Ford is trying to chase Tesla’s business model with lower overhead costs and higher profits.Ford will keep the Mustang’s ICE, but a hybrid or electric model could come by the decade’s end.ICE cars are here for now, but bodies like the EU are trying to phase them out.Sports car manufacturers are also making the transition to EVs. In reality: ICE cars are far more prevalent than EVs, but manufacturers feel pressure from investors to shift to EVs because of profits and climate change. The world has shifted gears toward greener initiatives in the past few years. People and companies have started to take climate change seriously as its effects start to show. Consumers want more sustainability, and one sector moving forward with greener products is the automotive industry. Manufacturers’ green goals, such as Ford’s investment in EVs, have made many people wonder what’s next for internal combustion engine (ICE) cars. Dig deeper → 3 min
