U.S. economic growth accelerated by more than forecast in the fourth quarter, fueled by the rebuilding of inventories and capping the strongest year since the 1980s.
About 1,700 dockworkers at West Coast ports have tested positive for COVID-19 in January, stretching capacity at the U.S.’s busiest gateway for shipping containers.
Per Hong, partner with Kearney, assesses the impact to date of the Omicron variant of COVID-19, and speculates on how the current crisis will change global supply chains forever.
Global supply chains are nearing a turning point that’s set to help determine whether logistics headwinds abate soon or keep restraining the global economy and prop up inflation well into 2022, according to several new barometers.
President Biden’s sweeping infrastructure law was supposed to ease problems for the trucking industry and relieve supply chain woes, but the law overlooked a vital necessity for truckers: Parking.
As of mid-December, 61.4% of Americans were fully vaccinated against COVID-19 — a rate that disease experts say is inadequate to eradicate the virus. But it’s far better than the shockingly low numbers of some developing countries, where vaccination rates are still in the single digits.