Devastating

China just ran into something that could be even more devastating for its supply chains than COVID-19 lockdowns: a record heatwave

China just ran into something that could be even more devastating for its supply chains than COVID-19 lockdowns: a record heatwave

COVID-19 lockdowns in China threw a wrench into global supply chains earlier this year, causing shipping and production delays worldwide, and hindering economic growth. Now, the country is facing another major threat—and this one could be even worse for the economy. China has been coping with its worst heat wave in 60 years this month, …

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Tesla Rival Declares Devastating News

Tesla Rival Declares Devastating News

Electric Last Mile Solutions  (ELMS)  on Dec. 11 2020, announced it was going to list on the Nasdaq through a merger with a special purpose acquisition company. “The demand for cost effective solutions to support the e-commerce ecosystem is overwhelming,” James Taylor, the commercial electric vehicle maker’s then-CEO, said at the time. “This industry promises rewards …

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