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The top spot in Gartner's annual Top 25 Supply Chain company rankings went to Unliever again this year, followed closely by McDonald’s and Inditex, according to Supply Chain Dive. Notable movers on the list included Amazon, which was elevated to “Master” class, and Samsung, which fell to rank 25 from 8 last year.
Levi Strauss Invests in Sustainability
Levi Strauss & Co. announced Thursday it will fund $350,000 toward new approaches and innovations in the apparel supply chain, Environmental Leader reports. Projects will include expanding a natural indigo dyeing facility, creating products that are less water-intensive and making wastewater treatment solutions more accessible to small artisan workshops, EL writes.
China Pegs Yuan to Dollar
After a year of volatility and “market jitters,” the Chinese central bank appears to be hitching the yuan to the U.S. dollar, the Wall Street Journal reports. The move has driven expectations of volatility to the lowest level since 2015.
US Economy
And finally, an economic update: U.S. gross domestic product grew 1.2% in the first quarter, more than originally reported, according to the New York Times. Signs for second quarter measurement were weak, however, as business investment continued to slow and consumer spending remained moderate.
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