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?
The U.S. Supreme Court may have rejected a federal rule mandating COVID-19 vaccinations or testing, but businesses threatened by omicron’s spread might be forced to implement one anyway to protect the workers they have and keep factories open.
ProShares is preparing a new ETF to exploit chaos across global supply chains even as bottlenecks show signs of easing and commodities come down from records.
An omicron outbreak in China is sending jitters through supply chains as manufacturers and shippers brace for disruption inside the world’s-biggest trading nation if it can’t contain the fast-spreading variant.
The Port of New York and New Jersey is working to clear a small but rare bottleneck of container ships anchored off the coast of Long Island as COVID-19 cases among dockworkers collide with a pandemic-fueled surge in cargo volumes.
There’s no indication that supply chain disruptions will ease in 2022. Bottlenecks, labor shortages and limited transportation capacity across all modes will persist.
U.S. port authorities and ocean carriers, dealing with record import volumes, need to ensure that exports aren’t hindered amid the unprecedented supply chain logjams that aren’t showing clear signs of dissipating, President Biden’s port envoy says.
The bigger-than-usual rush to stockpile products on U.S. retail shelves and in warehouses ahead of the holidays might give way to an economic hangover of sorts.