Grocery stores in some parts of the U.S. are expected to run out of certain perishable goods Easter weekend because of a Mexican truckers’ blockade that has stranded millions of dollars worth of fresh produce.
China’s lockdowns to contain the country’s worst Covid outbreak since early 2020 have battered the economy, stalling production in major cities like Shanghai and adding pressure to global inflation.
Texas is halting some vehicle inspections at the U.S.-Mexico border after Governor Abbott’s crackdown provoked protests that halted crucial food and equipment shipments.
Europe’s push to wean itself off Russian natural gas is sparking billions of dollars in new commitments toward building a market for low-carbon hydrogen.
A Mexican truck blockade at a key Texas bridge is diverting U.S.-bound cargoes to far-flung crossings, worsening shipping snarls and raising the specter of delivery disruptions for everything from avocados to auto parts.
With the world economy already shackled by Covid-related shortages and now reeling from Russia’s invasion of Ukraine, prices of such basics as bread, meat and cooking oils have jumped across the world, sending shock waves through the commodity markets and damaging the global food system.
The U.S. Congress voted overwhelmingly Thursday to strip Russia’s normal trade status with the U.S. and ban imports of its gas, oil and coal, adding to the economic squeeze by the U.S. and its allies to punish Russian President Vladimir Putin’s government over the invasion of Ukraine.
Despite supply chain pressures in Asia, it’s unlikely that American footwear brands will follow the example of New Balance and pursue U.S. manufacturing, says Matt Priest, CEO and president of Footwear Distributors and Retailers of America (FDRA).
Cases are at a record in Shanghai, now the epicenter of China’s worst outbreak since the start of the pandemic, and the lockdown has been extended indefinitely.