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News & Articles By Zoey Sky
11/08/2021
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By Zoey Sky
Simultaneous shortages of coal, oil, propane and natural gas hint at impending US economic meltdown
Consumers should be on the lookout because the price of oil could be increasing very soon. And if the price of oil goes over $200 per barrel, the global economy will be in shambles. Before the financial crisis of 2008, the price of oil briefly skyrocketed to $140 a barrel, with experts warning that this […]
11/03/2021
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By Zoey Sky
Soaring transportation costs inflating global food prices
Americans are still struggling to recover from the economic effects of the Wuhan coronavirus (COVID-19) pandemic because of the supply chain crisis. And it seems that things won’t improve anytime soon as soaring transportation costs continue to drive food prices higher. Experts are worried about the potential for a knock-on effect of rising fuel prices as oil […]
11/02/2021
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By Zoey Sky
Food banks struggle amid supply chain crisis in the US
The supply chain crisis has affected almost everything in America – from children’s toys to cars and even food banks. The Central Pennsylvania Food Bank normally receives dozens of food items daily with donations coming from faraway grocery stores in Egypt and Italy. But imports have slowed down significantly. Amy Hill, director of Community Engagement & […]
11/01/2021
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By Zoey Sky
Shipping companies at LA and Long Beach ports will be fined if containers stay in marine terminals too long
Officials announced Monday, Oct. 25, that shipping companies at the ports of Los Angeles and Long Beach will eventually be fined if their containers get stuck in marine terminals for too long. Before the pandemic-induced import surge, containers for local delivery only sat on container terminals under four days and containers destined for trains remained […]
10/27/2021
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By Zoey Sky
Nickel prices skyrocket to 7-year high amid supply chain crisis
Nickel prices have skyrocketed amid dwindling supply concerns, sending prices in London to a seven-year high. The silvery-white metal is commonly used to make stainless steel and other alloys stronger. It also increases their ability to withstand extreme temperatures and corrosive environments. In 2011, at least 80 percent of the primary (not recycled) nickel consumed in America was used in alloys […]
10/16/2021
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By Zoey Sky
US faces shortages of various major consumer goods like chicken, gas, lumber and microchips in post-pandemic economy
As America and the rest of the world continues to resume normal operations after the coronavirus (COVID-19) pandemic, businesses across the country struggle to acquire major consumer goods like chicken, lumber and microchips. The pandemic also resulted in countless reports of shortages across the supply chain, from shipping, demand, supply and other levels of the global economy. Food […]
10/19/2020
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By Zoey Sky
Coronavirus has made jet fuel so cheap it’s now being used to fuel ships
As the coronavirus continues to batter the U.S., businesses have been doing whatever they can to keep businesses open — this, even as lockdowns have kept customers indoors. Unfortunately, this also includes massive layoffs, leaving people to rely on their savings or financial aid from the government. The once-thriving airline industry is among the hardest hit […]
10/08/2020
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By Zoey Sky
Disney to lay off 28,000 workers in belt-tightening move amid coronavirus pandemic
It looks like the “happiest place on earth” is about to be the saddest one for thousands of workers after Walt Disney Co. announced that it will lay off 28,000 employees because of the coronavirus (COVID-19) pandemic. Travel and other experiences struggled during the pandemic Even Disney, a mass media and entertainment conglomerate, isn’t immune to […]
08/30/2020
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By Zoey Sky
Coronavirus lockdowns are “overly blunt and costly” … economists and health experts point to a more effective way
As the coronavirus (COVID-19) pandemic spread like wildfire throughout America, the country was forced to implement something it has never tried before: Blanket business shutdowns. However, this tactic has resulted in a deep recession. While the pandemic spreads, economists and health experts suggest that it may be time to try a different and more effective plan. […]
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