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Keyword: supplychain

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  • Supply chain disruptions up 88% in 2021, driven by factory fires

    07/04/2022 7:10:09 PM PDT · by george76 · 20 replies
    Loadstar ^ | 14/02/2022 | Editorial
    Factory Fires, Mergers & Acquisitions, Business Sales, Factory Disruptions, Leadership Transitions, and Supply Shortages ranked as the top 6 supply chain disruptions in 2021, according to data released from Resilinc, the world’s leading supply chain risk monitoring and mapping solution. The exclusive data, compiled from Resilinc’s EventWatch monitoring database reveals that supply chain disruptions were up 88% year-over-year, with 90% of disruptive events being human-caused. 2021 saw the most factory fires ever recorded in a single year. Resilinc sent out 1,946 Factory Fire alerts, an increase of 129% year-over-year. The uptick is due mostly to gaps in regulatory and process...
  • JP Morgan warns that oil prices could surge to $380 a barrel

    07/02/2022 12:29:31 PM PDT · by RomanSoldier19 · 48 replies
    https://nairametrics.com ^ | 7/2/2022 | by Ubah Jeremiah Ifeanyi
    he price of oil may rise to a “stratospheric” $380 per barrel if US and European sanctions lead Russia to reduce its crude supply in retaliation. This was disclosed by JPMorgan analysts endorsed by Natasha Kaneva in a note to clients seen by Bloomberg. Back story The Group of Seven (G7) leaders recently discussed a plan to cap the price of Russian oil in order to put pressure on Moscow, which is benefiting from rising energy prices, and cut off its sources of funding for the invasion of Ukraine, which prompted the note. A price exception could work through a...
  • Were the Colonial Pipeline and JBS Foods Hacks Acts of War?

    06/09/2021 12:15:24 PM PDT · by Kaslin · 29 replies
    Townhall.com ^ | June 9, 2021 | Austin Bay
    It's nationwide knowledge that in early May the Colonial Pipeline company suffered a severe cyberattack that shut down its pipeline connecting Texas to the East Coast. On June 1, JBS Foods suffered another crippling cyberattack. According to industry estimates, JBS controls 20 percent of the slaughtering capacity for American cattle and hogs. The JBS attack also generated headlines. The FBI and security officials believe two criminal organizations conducted the attacks. Their names sound a bit like those of the sinister super gangs found in James Bond novels. However, these gangs aren't fiction nor are their crimes. A crime group called...
  • A Mustard Shortage Could Be Hitting the U.S. Soon — Here’s What You Need to Know

    06/23/2022 7:39:30 PM PDT · by Diana in Wisconsin · 167 replies
    Kitchn blog ^ | June 20, 2022 | Cheyl Fenton
    Apparently the world’s supply of a favorite hot dog condiment doesn’t cut the … err … mustard. And, as a result, we may be looking at an international mustard shortage sooner than we think. According to Business Insider, a year of poor mustard seed production is the cause of what may result in a lack of mustard on American grocery store shelves in the near future. Experts say you can thank climate change for the large drop in mustard seed production, with Canada (the world’s second largest producer) and France watching the most recent growing season’s yields fall 28 percent...
  • Crisis On The Rails: Pilot Flying J CEO on Rail Mandates & Fuel Costs

    06/22/2022 10:16:29 AM PDT · by foundedonpurpose · 11 replies
    https://uncoverdc.com ^ | May 31, 2022 | Michelle Edwards
    Home Journalism Crisis On The Rails: Pilot Flying J CEO on Rail Mandates &... Crisis On The Rails: Pilot Flying J CEO on Rail Mandates & Fuel Costs By Michelle Edwards -May 31, 2022 Screenshot / American Journal of Transportation Share The ongoing “crisis on the rails” has paralyzed farmers, leaving them literally “hours away from depopulating herds.” The rail crisis, which is “harming the nation’s economy,” impacts the supply chain of U.S. agriculture, energy, and shipping across the board. To address the severe situation, the Surface Transportation Board (STB) held a hearing in late April, giving those affected the...
  • UK inflation hits 40-year record, highest in G7

    06/22/2022 5:47:18 AM PDT · by Oldeconomybuyer · 5 replies
    Reuters via Yahoo ^ | June 22, 2022
    UK consumers face an ever-higher bill for their weekly shop. Inflation in the country hit a new 40-year high of 9.1% in May, with the rise driven by soaring food prices. That leaves the country with the highest rate of inflation in the Group of Seven major economies. And there could be worse ahead. The Bank of England has said prices rises could hit 11% in October. Now some investors judge the UK to be at risk of persistent inflation and recession. That’s partly thanks to its large bill for imported energy, with prices driven higher by the conflict in...
  • Supply Chain Woes Hitting American Families: ‘It Is Very Hard’

    06/18/2022 11:55:00 AM PDT · by ChicagoConservative27 · 23 replies
    Breitbart ^ | 06/18/2022 | Hannah Bleau
    U.S. families are struggling to make ends meet as multiple supply chain issues continue to affect many aspects of their lives amid record high gas prices and 41-year-high inflation. Online news outlet the 19th highlighted one such case this week as an Indianapolis mother, Diamond Cotton, has struggled to find basic products she needs for her family. She has been forced to go from store to store to find tampons for her daughters, “who have both started menstruating and would need tampons to go swimming this summer,” according to the outlet.
  • The Democrat Party Finds a Scapegoat at the Seaport

    06/17/2022 7:51:20 PM PDT · by jfd1776 · 7 replies
    American Thinker ^ | June 17, AD 2022 | John F Di Leo
    In a lesson for the ages about political grandstanding, Rep. John Garamendi said, "Nine multinational ocean shipping companies formed three consortiums to raise prices on American businesses and consumers by over 1,000% on goods coming from Asia," as he and other members of the Swamp proudly passed the Ocean Shipping Reform Act of 2022, which former NIT-League president Ed Emmett has rightly called "a cure that's worse than the disease." Never mind that the containership lines have actually operated these alliances, known as Vessel Sharing Agreements, for over a generation, strictly for the benefit of the consumer. The accusatory term...
  • Ford’s Mustang Mach-E Profit Wiped Out by Commodity Costs

    06/16/2022 10:08:39 PM PDT · by conservative98 · 42 replies
    Yahoo Finance ^ | June 15, 2022 | Keith Naughton
    Ford Motor Co.’s hot-selling Mustang Mach-E electric SUV and other plug-in models are being rendered unprofitable by rising raw material costs. “We actually had a positive bottom line profit when we launched the Mach-E, commodity costs have wiped that out,” Chief Financial Officer John Lawler said Wednesday at the Deutsche Bank Global Automotive Conference, referring to 2020, when the vehicle went on sale. “You’re going to see pressure on the bottom line when we launch our EVs, they’re not going to be positive.”
  • Truck drivers parking their rigs as gas prices continue to climb

    06/15/2022 1:19:44 AM PDT · by RomanSoldier19 · 62 replies
    https://www.khou.com ^ | June 8, 2022 | Melissa Correa
    Diesel prices are setting records, nationwide, as a gallon of the fuel now averages $5.72 as of Wednesday. Drivers fueling up at a truck stop in east Houston said the pain at the pump is crippling as rising prices force some to park their rigs. Houstonian Raymond Mayberry said he’s been a truck driver since 2003. He’s a self-employed trucker. Even with the help of fuel-saving apps and a rewards program at the truck stop, Mayberry said he’s counting “every penny” because the almost-daily rise in diesel price affects his bottom line. “It comes out of our profit. If you...
  • Biden Supply Chain Crisis Leads to Tampon Shortages, Because A Baby Formula Shortage Wasn’t Bad Enough

    06/12/2022 9:58:06 AM PDT · by Rummyfan · 52 replies
    Legal Insurrection ^ | 12 June 2022 | Leslie Eastman
    The supply chain crisis continues, and now women are finding it difficult to purchase tampons.On Twitter, #tamponshortage is trending, with some users calling it the latest “nightmare” for women after the Food and Drug Administration acknowledged widespread shortages of baby formula. Individuals and not-for-profit groups that collect donated feminine care products are also complaining of empty shelves where the monthly essentials are usually stocked.“I thought I was going crazy noticing empty shelves where tampons should be,” one Twitter user said.Members of an online forum for Washington, D.C.-area parents also reported problems sourcing tampons. One member said she had visited three...
  • The worst shortage you haven't heard of

    06/04/2022 3:58:49 AM PDT · by MtnClimber · 39 replies
    American Thinker ^ | 4 Jun, 2022 | John Klar
    Should China occupy Taiwan, it would control a majority of the world's microchip manufacturing production. But China needn't invade Taiwan to bring America to its knees — simply reducing urea and other existing Chinese exports is already wreaking havoc. Agricultural fertilizer prices have nearly doubled in the past year, and shrinking supplies of Diesel Exhaust Fluid (DEF) now threaten America's transportation system. The impact of urea supply shortages on food inflation will be compounded by distribution failures if additional DEF resources are not procured immediately. DEF is an emissions control liquid required by the EPA in diesel engines manufactured after...
  • USDA Raises 2022 Food Inflation Forecasts Again, Highest Grocery Food Price Hikes in 42 Years

    06/03/2022 3:56:51 AM PDT · by EBH · 15 replies
    AG Web ^ | 5/25/22 | JIM WIESEMEYER
    USDA raised its estimated range of 6.5%-7.5% y/y increase from a range of 5%-6%, according to the May Food Price Outlook report, the highest forecast for all food prices and restaurant prices since 1981, and the highest grocery store price boosts since 1980. USDA raised its estimated range of 6.5%-7.5% y/y increase from a range of 5%-6%, according to the May Food Price Outlook report, the highest forecast for all food prices and restaurant prices since 1981, and the highest grocery store price boosts since 1980. The biggest increase is eggs for the second month in a row, hiked to...
  • Today I bit the bullet and ordered emergency food supplies

    06/02/2022 12:17:21 PM PDT · by GeorgiaDawg32 · 179 replies
    Me | 6/2/2022 | GeorgiaDawg32
    Ok, so today I ordered meals from 4Patriots (33 days supply) and freeze dried beef (19 separate servings) in anticipation of severe food shortages being predicted. I really hope I don't have to use them, but I'll have them just in case. My question is, does anyone have any recommendations or specific companies you've used to order the same type of thing? If so, did you like them?
  • Need a CT scan? You may have to wait weeks, thanks to lockdowns in China and dye shortages

    06/02/2022 2:11:41 PM PDT · by Twotone · 37 replies
    Marketplace.org ^ | May 31, 2022 | Samantha Fields
    Erin Dwyer has been doing a lot of waiting. After a sonogram in December, she found out that she has a growth on her right kidney and had to wait months to see a specialist. Now she’s waiting for a CT scan. When she called the radiologist’s office in early May to schedule it, “they were like, ‘OK, well, the earliest I can see you is like the first week of June,” said Dwyer, a graphic designer in Northern California. When she asked if they could possibly fit her in earlier, she said she was told: “‘There’s actually this shortage...
  • Hormel CEO Warns “Large Supply Gaps” For Jennie-O Turkey Brand

    06/02/2022 1:51:57 PM PDT · by blam · 30 replies
    Zubu Brothers ^ | 6-2-2022
    A top US food processing company warned of an upcoming shortage of its turkey products at supermarkets following one of the worst bird flu outbreaks. “Our Jennie-O Turkey Store team is facing an uncertain period ahead,” Hormel Foods Corporation CEO Jim Snee told investors in an earnings call. “Similar to what we experienced in 2015, (avian influenza) is expected to have a meaningful impact on poultry supplies over the coming months.” Snee said the “large supply gaps in the Jennie-O Turkey Store will begin in the third quarter.” He said highly pathogenic avian influenza was confirmed in “our supply chain”...
  • Toyota misses April global production target due to COVID, parts shortage

    05/31/2022 2:17:45 PM PDT · by dynachrome · 15 replies
    Reuters ^ | 5-30-22 | Reuters
    Japan's Toyota Motor Corp (7203.T) on Monday said it missed its global production target for April as COVID-19 outbreaks and a parts shortage slowed its post-pandemic recovery. The world's largest automaker by sales produced 692,259 vehicles last month, a 9.1% drop from the same month last year, and falling short of an earlier plan of making about 750,000 vehicles worldwide.
  • White House Supply Chain Advisor Is a World Economic Forum Climate Change Activist Who Worked at Hunter Biden’s Think Tank.

    05/31/2022 12:29:14 PM PDT · by DFG · 25 replies
    The National Pulse ^ | 05/31/2022 | Natalie Winters
    A leading advisor to President Joe Biden on supply chains is an alum of several World Economic Forum climate change initiatives, who additionally served as a former fellow at a think tank chaired by Hunter Biden. Prior to taking over the White House’s supply chain initiative, Cremmins was a National Security Fellow and Climate Affiliate Group Co-Lead at the Truman National Security Project. The Washington, D.C.-based, left-leaning foreign policy network has featured Biden’s son Hunter Biden on its board since 2011. Archived versions of the organization’s website reveal that Biden ascended to the role of vice-chairman of the board, serving...
  • Baby Formula Shortage, Explained: Why It's Happening and When It Could End

    05/24/2022 9:49:38 PM PDT · by SeekAndFind · 10 replies
    CNET ^ | 05/24/2022 | Dan Avery
    What's happeningA massive shortage in baby formula is causing outrage and concern as some parents struggle to find infant formula for their children. Why it mattersIn the US, 75% of babies consume formula by the time they're six months old, making the baby formula shortage a critical widespread issue. What's nextThe baby formula shortage has become a national concern, with the White House stepping in to help end the current shortage and prevent future scarcity.As the US continues to grapple with a nationwide infant formula shortage, a military plane carrying over 500,000 baby bottles' worth of specialty formula touched down...
  • Cannabis Drug Testing Partial Cause for U.S. Truck Driver Shortage

    05/24/2022 4:48:10 AM PDT · by billorites · 31 replies
    HighTimes ^ | May 23, 2022 | Nicole Potter
    The American Trucking Association released a statement in October 2021, citing retiring driving veterans and lower wages as the partial cause for the shortage of more than 80,000 drivers. However, another cause for this shortage is being attributed to adult-use legalization and drivers testing positive for cannabis. A March 2022 U.S. Department of Transportation summary report states that as of April 1, 2022, 10,276 commercial truck drivers tested positive for THC. (Although this is a significant decrease in numbers, compared to 31,085 violations in 2021 and 29,511 violations in 2020.) Cannabis leads the data as the highest positive drug tests...