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News & Articles By Matthew Davis
11/18/2021
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By Matthew Davis
Worldwide supply chain shortages may last until 2023 due to surge in household spending as people flee the collapsing dollar
Experts said global supply chain shortages and snags may last until 2023, unless Americans stop buying so much. Consumer demand remains high even in the middle of the Wuhan coronavirus (COVID-19) pandemic, which resulted in shortages in the U.S. and much of the world, according to the Associated Press (AP). “Demand is completely skewed,” said Bindiya Vakil, […]
11/12/2021
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By Matthew Davis
Prices of used vehicles escalate as inflation spirals out of control across the US
Prices of used vehicle prices escalated at a rate never seen before in history as inflation spirals out of control in the United States. Demand shifted to used vehicle due to a crippling global shortage of computer chips and lower production of new vehicles. That combination resulted in a price increase of 9.2 percent in one […]
11/12/2021
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By Matthew Davis
PAY MORE OR FREEZE: Extremely cold winter to put upward pressure on prices of natural gas
The Energy Information Administration (EIA) said natural gas prices are expected to be volatile across the United States as the winter heating season begins. In its Short Term Energy Outlook (STEO) published on Nov. 9, the EIA estimated that U.S. natural gas storage levels had risen to within 3 percent of the previous five-year average at the end […]
11/12/2021
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By Matthew Davis
Food prices to rise as nitrogen shortage forces American farmers to scale back on fertilizers
Food prices are expected to rise even more due to a shortage of nitrogen fertilizer, which will prevent farmers from getting what they need for their fields in the future. According to executives at the CF Industries Holding Inc., the lack of fertilizers will lead to a smaller corn yields that will push the prices of food further. If […]
11/12/2021
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By Matthew Davis
Supply chain crisis disrupts operations of food banks
Food banks are being affected greatly by the ongoing supply chain crisis as they see an increasing number of clients while getting smaller amount of foods. “When there’s a shortage in supply chain, it makes it much more difficult for us to be able to provide our clients with food,” said Linda Hansen, the food bank director […]
11/12/2021
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By Matthew Davis
Pentagon rushes $2 billion orders for customized semiconductors to beat supply crunch
The Department of Defense (DOD) is rushing as much as $2 billion orders for customized semiconductors amid fears of a looming supply crunch and a global shortage of chips. Under a stopgap spending bill passed by Congress, an initial $885 million in orders would be placed by Dec. 15 with U.S. contractors dependent on the […]
11/04/2021
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By Matthew Davis
Boom and bust of Squid Game memecoin reveal dark side of cryptocurrency
The boom and bust of memecoin sensation Squid Game or Squid revealed the dark side of cryptocurrency. According to CoinMarketCap pricing, Squid – inspired by the Netflix hit series “Squid Game” – surged more than 230,000 percent in the past week to $2,861.80 only to plunge 100 percent to less than half a cent as of […]
10/29/2021
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By Matthew Davis
Rising ocean shipping costs may trigger accelerating inflation across nearly all products
Higher container shipping costs may cause inflation for U.S. consumers as images of anchored container vessels stretching to the horizon, supply chain chaos and emptying store shelves dominate the headlines. Like the media spotlight given to the so-called norovirus that happened before the Wuhan coronavirus (COVID-19), container shipping is drawing lots of attention because of data […]
10/25/2021
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By Matthew Davis
Supply chain crisis prompts retailers to overorder ahead of holiday season
The global supply chain crisis has alarmed many retailers and made them overorder ahead of the holiday season. Some companies are also placing orders too early, which has done nothing to help the problem. “Suddenly, retailers and manufacturers are overordering because of these supply chain issues, and that’s just leading to essentially an even worse scenario,” […]
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