If you’ve attempted to purchase an at-home COVID-19 test recently, you may have walked away from the store empty-handed. There’s been a nationwide shortage of at-home tests that hit at nearly the same time as the Omicron variant began to peak in almost every state.
The Port of Los Angeles moved record cargo volumes last year amid an import surge at the U.S.’s biggest container gateway and supply chain snarls brought on by the pandemic.
As supply chain challenges continue to disrupt the global transportation network, container shipping companies need to adapt to equipment shortages and delays by transforming their operations.
From erecting cardboard cutouts designed to obscure produce shortages to jettisoning their usual discounts and promotions, grocers have turned to a range of solutions to get themselves through the global supply chain crisis.
John Felix, managing director of White Oak Global Advisors, lays out the financing options that middle-market companies can deploy to reduce the stress on their supply chains and cash position.
The C-suite is a bundle of nerves this winter. A survey shows that 72% of chief executive officers are worried about losing their jobs in 2022 because of business disruptions, tracking closely with the 94% of bosses who say their corporate models need to be overhauled within three years.
As many Americans worry about empty shelves and delayed packages, looters are taking advantage of the inflow of goods outside of the two southern California ports that are responsible for handling almost half of all U.S. imports.
The global shortage of microchips has had a devastating impact on multiple industries, not least automotive manufacturers, who are expected to have lost some $210 billion in 2021 because they couldn’t get enough chips to drive the systems in their vehicles. But how did we get to this state of affairs?