Afternoon Coffee: Panasonic Suspends Cobalt Supply Chain Due to Cuba Import Ban, COSCO Hit by Cyberattack

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Panasonic has halted its battery supply chain with Canadian supplier Sherritt International because of possible links to Cuban cobalt, according to Supply Chain Dive. Sherritt said it does source cobalt and nickel from Cuba, which is under a U.S. import ban, before processing the materials in Canada and shipping to customers in Europe and Asia. Finding ethically sourced minerals has become a challenge for many electric vehicle manufacturers, spurring efforts to remap supply chains and develop non-cobalt dependent batteries.

COSCO Cyberattack

Logistics provider COSCO said Wednesday it had been hit by a cyberattack, World Maritime News reports. The incident, which the company described as a ransomeware attack, disrupted the company’s local email and telephone networks. COSCO has shut down connections with other regions for further investigation.

Lennox International Selects GEP 

HVAC manufacturer Lennox International has selected GEP’s source-to-pay suite to use as its dedicated procurement software system, according to a press release.

To learn more about where GEP excels as a provider of e-procurement software, check out our recent SolutionMap writeup.

Shunning American Oil

And finally, a trade update. China has become the largest new of buyer of oil unlocked by U.S. shale companies, The Wall Street Journal reports, but an escalating trade war between the two countries is threatening to derail that relationship. While oil is not on the current list of China’s retaliatory tariffs, it is on the list of target exports China might tax should the dispute intensify.

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