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News & Articles By Mary Villareal
10/22/2021
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By Mary Villareal
FOOD CRISIS: Ongoing strike of John Deere workers already impacting farmers during harvest season
Thousands of John Deere workers have been on strike since Oct. 14, impacting farmers who are busy during harvest season. From sourcing parts to manufacturing tractors and planters, the strike could severely affect an already strained supply chain. In what is already the biggest private-sector labor strike in over two years, over 10,000 hourly John Deere […]
10/22/2021
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By Mary Villareal
Cargo ship backlogs in California hit record high as supply chain crisis worsens
Cargo ship backlogs at the Ports of Los Angeles and Long Beach have hit record high as the supply chain crisis continues. On Monday, Oct. 18, the Marine Exchange of Southern California reported 100 vessels berthed at those ports, topping the previous record of 97 set last Sept. 19. Both figures are a lot higher than the 17 ships […]
10/21/2021
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By Mary Villareal
Nashville restaurant owners speak out about labor shortages in the area
Restaurant owners in the Nashville area expressed their frustration about how hard it is to hire workers and how it is negatively affecting their businesses, forcing them to reduce hours and limit service to take-outs and deliveries only. Kahlil Arnold, owner of Arnold’s Country Kitchen, said: “We’d have people that fill out resumes and then we’d […]
10/21/2021
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By Mary Villareal
Supply chain disruption continues, long-term and realistic policies necessary
Experts say that the Biden administration needs to focus on long-term and realistic policies to diversify where imports are coming into, especially as the holiday season nears. Margaret Kidd, a supply chain and logistics professor at the University of Houston, said that the amount of cargo that will be supported in President Joe Biden’s plan for […]
10/20/2021
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By Mary Villareal
Supply chain disruptions lead to shortages and soaring prices
Finding items from Canada and Mexico and other parts of the globe is set to become more problematic and more expensive. No matter what people know or understand about trade and the supply chain, the key takeaway is that products will cost more. There is already a massive shortage of truck drivers, who are getting more than […]
10/19/2021
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By Mary Villareal
Natural gas shortages prompt power plants to switch to oil
Natural gas and coal prices have pressured power-generation companies to switch to using oil, which could mean an additional half-million barrels a day added to the global oil demand. In its monthly market report, the International Energy Agency (IEA) has increased its global oil demand forecasts for the year and the next by 170,000 and 210,000 […]
10/19/2021
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By Mary Villareal
Supply chain crisis continues amidst COVID-19 pandemic, with no end in sight
Americans have been on a buying spree since the Wuhan coronavirus (COVID-19) started to wane. The daily tally of container ships outside the congested ports of Los Angeles and Long Beach shows just how much products are coming in from other parts of the world. The queue of ships reached a record of 73 on […]
10/18/2021
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By Mary Villareal
Walmart, UPS and FedEx commit to working more shifts to deal with global supply disruptions… but will it matter?
The White House announced Wednesday, Oct. 13, that Walmart, UPS and FedEx are moving to work more shifts to deal with global supply disruptions that have contributed to a surge in inflation. The announcement was made ahead of President Joe Biden’s meeting with the heads of those companies to address the supply chain bottlenecks before the Christmas […]
10/15/2021
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By Mary Villareal
Senior Federal Reserve official says “transitory” inflation is not actually transitory
The consumer price index (CPI) suggests that the “transitory” inflation floated by the government is not actually transitory. According to a senior official at Federal Reserve, the biggest burst in U.S. inflation in three decades is likely to last longer than expected and it should no longer be considered transitory. Atlanta Federal Reserve President Raphael […]
10/14/2021
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By Mary Villareal
Global food prices hit highest levels in a decade
Worldwide food prices have reached their highest levels. According to the United Nations Food and Agriculture Organization (FAO), the food price index reached a 10-year high last month, reflecting the increased prices around the globe. The FAO’s food price index reached 130 points in September. This level has not been seen since 2011, and it represents […]
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