Mince pies. Latkes. Eggnog. Tamales. As extended families the world over plan holiday celebrations again, they’re encountering a harsh reality: Traditional foods, especially those sold for a limited time in even a normal year, are significantly costlier in 2021 — if they’re even available at all.
The recent announcement by Ford Motor Co. that it was planning to develop and produce at least some of its own semiconductor chips signals a sharp reversal of a decades-long practice.
In 2020, the average cost of Thanksgiving dinner for a family of 10 was $46.90 per person, an all-time low. Fast forward to 2021, and Thanksgiving was the most expensive on record.
Carmakers like Volkswagen and General Motors should brace for the global semiconductor shortage to last beyond next year and redesign cars so they need fewer of the high-tech components, according to analysts.
In the face of major supply chain disruptions like port congestion, there are proactive measures you can take to mitigate the risks to your supply chain, starting with multi-tier visibility.
Wedged up against the southern edge of the Rio Grande, the sprawling desert city of Juarez has seen its share of economic booms over the years. But perhaps none quite like the one that’s taken hold today.