OPEC, in its monthly report on the oil market, pointed out that, despite the evolution of the Covid-19 pandemic, the global economic reactivation continues and "will not reduce the oil demand forecast for 2021 and 2022".
However, in the report, the organization admits that the development of the…
Read More...
Browsing Tag
production
Input shortage affects the German industry
Two-thirds of German industry, 64 %, is suffering from material shortages and struggling to meet production, according to a survey by the Ifo economic institute.
In the previous quarter, the number of companies reporting problems had…
BMW seeks to reduce manufacturing costs by 25 %
The German car manufacturer BMW announced that it will keep cuts due to the crisis caused by the pandemic and the high prices of raw materials. They will reduce production costs per vehicle by 25 % until 2025.
Production manager Milan…