ICYMI: 12.12.22

Apple Makes Plans to Move Production Out of China

Apple is telling its suppliers to actively plan to move their manufacturing to other Asian countries.

Hertz To Pay $168M Settlement Over False Reports of Stolen Vehicles

Hertz agreed to pay $168 million to settle hundreds of claims by people falsely accused of having stolen vehicles. Many had not rented a car at all and were wrongfully detained.

State of Indiana sues tiktok

Indiana filed lawsuits against TikTok, alleging that the platform exposes minors to harmful content and deceives users about its content and data security.

Tesla plans to cut production in china

Tesla plans to cut production at its Shanghai factory by as much as 20 percent. Wait times have fallen to approximately 4 weeks from 22 weeks earlier this year.

VESSEL VOLUME FROM CHINA DOWN

Vessel volume from China to the U.S. has significantly pulled back since the end of summer 2022, including a decline of 21% in total vessel container volume between August and November.