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News & Articles By Ramon Tomey
11/02/2021
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By Ramon Tomey
Supply chain woes hound tech firms as holiday season approaches
The ongoing supply chain issues have hit many companies, including technology firms. Some companies have decided to hit the brakes on advertising given low product stocks. These ad reductions come amid the holiday season, a period traditionally considered profitable for companies. In his Oct. 21 column “Fully Charged” for Bloomberg, tech reporter Mark Bergen wrote: “Tech […]
10/29/2021
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By Ramon Tomey
UK to import turkeys from EU countries as domestic supply can’t meet consumer demand
The United Kingdom is set to import turkeys for the Christmas season because of insufficient domestic production. Industry experts say growing demand during the holidays necessitate importing turkeys from some European countries. They add that the shortage of turkeys serves as evidence of a wider crisis across the food supply chain. British Poultry Council Chairman […]
10/28/2021
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By Ramon Tomey
Despite clear proof of shortages, Biden admin claims all is well in America
The Biden administration insists that everything is fine in America despite clear proof of shortages. People visiting groceries are seeing empty shelves although some supermarkets are devising ways to hide the problem. As many supermarkets find their stocks slowly being cleared out, some are trying to conceal the shortage in more ways than one. Ashe Short, senior […]
10/28/2021
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By Ramon Tomey
Gold prices projected to hit $3K per ounce within a few months – analyst
Market experts have predicted that gold prices will hit the $3,000 mark within a few months. The prediction comes as prices of gold remain stable while prices of other metals soar to highest levels in years. With the projected price hike, gold is set to be impacted by inflationary pressure. Bloomberg reports that two mining bigwigs […]
10/26/2021
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By Ramon Tomey
Unilever raises product prices due to rising costs of raw materials
Consumer goods company Unilever has raised prices due to rising raw materials costs. The multinational firm warned that inflation would continue for at least the next 12 months. Unilever said on Oct. 21 that it increased its prices by 4.1 percent in the third quarter of 2021. The price hikes serve to pass rising material costs […]
10/25/2021
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By Ramon Tomey
Supply chain woes claim another victim: London Stock Exchange Group braces for tech-related shortages
The London Stock Exchange Group (LSEG) has warned that supply chain shortages could affect the timing of its technology-related expenditures. The exchange’s warning comes amid its acquisition of data platform Refinitiv following a steady third quarter. It also follows shortages of much-needed microchips, which play a key role in technological expansion. While there was no change to previous cost […]
10/22/2021
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By Ramon Tomey
Expert: “Panic” ordering by retailers contributing to supply chain woes
The ongoing supply chain crisis has affected stocks of different products worldwide. Experts cite several contributing factors that worsen the issue such as port congestion and energy shortages. Now, another factor they mention – panic ordering by retailers – appears to make the crisis worse than it already is. One expert in particular says that […]
10/19/2021
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By Ramon Tomey
Beef and chicken set to become luxuries as inflation pushes food prices ever higher
Most people consider beef and chicken as the primary sources of protein in their diets. However, inflation and the resulting spikes in food prices threaten to put an end to this concept as steaks and chicken may soon become luxury products. Author Michael Snyder writes that the steadily rising prices of meat appear to be a […]
10/19/2021
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By Ramon Tomey
Food company exec: People must get used to higher food prices
A food company executive has warned that people must get used to paying more for their food as prices of raw materials used for different products reach new highs. But he also notes that consumers do not need to shoulder the higher costs of raw food ingredients. Miguel Patricio, the CEO of Kraft Heinz, lays down the argument […]
10/15/2021
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By Ramon Tomey
Aluminum prices jump to 13-year high; extreme power requirements for manufacturing prompts China to halt production
Prices for aluminum have risen to a 13-year high amid the ongoing energy shortages worldwide. These energy shortages across China have resulted in China’s halting of aluminum production, given the extreme energy inputs required to purify and manufacture aluminum. China’s move carries repercussions for many other industries that use processed aluminum for their products. Aluminum’s price […]
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