U.S. productivity dropped in the first quarter by the most since 1947 as the economy shrank, while labor costs surged and illustrated an extremely tight job market.
For the first time ever, farmers the world over — all at the same time — are testing the limits of how little chemical fertilizer they can apply without devastating their yields come harvest time. Early predictions are bleak.
Global supply chains are knotting up from China to Denmark, sparking re-examinations of things as macro as globalization itself and micro as trucking efficiency around American ports.
Port bottlenecks that have increased supply chain congestion because of the war in Ukraine and lockdowns in China may be showing signs of easing, according to one of the world’s biggest shipping companies.
The head of Canada’s second-biggest port has a supply chain sales pitch few of his peers in the global shipping industry can match: zero wait time at sea for container traffic.
A measure of prices received by U.S. manufacturers and service providers increased to a record in April as firms shifted the burden of higher wages and surging costs to customers.