LOS ANGELES—Cargo ships waited in record numbers to offload goods at the nation’s busiest ports this week as officials again delayed the start of a new system that would fine shipping companies for storing containers at the busy terminals. An influx of 96 container ships were waiting in line to offload at the Los Angeles…
Ships Continue to Flood the Los Angeles Ports
December 6, 2021
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NTD Business Full Broadcast (Dec. 3)
A mixed picture for the job market — American employers added less jobs than expected, but the unemployment rate also dropped. Big banks on wall street are talking about using bitcoin-backed loans. some are excited. some are not. Supply chain crisis hits the footwear industry hard – But New Balance is thriving, what’s its secret?
Micron, UMC Deepen Relation to Strengthen Supply Chain
Micron Technology Inc. deepened its business relationship with United Microelectronics Corp. (UMC), providing Micron opportunities to secure supply for automotive, mobile, and customers into the future. “Expanding our relationship with UMC helps us strengthen our customers’ supply chains and is a great opportunity to increase collaboration across the semiconductor industry,” Executive Vice President Manish Bhatia said….
Musk Laments ‘Supply Chain Nightmare’ Facing Cybertruck Production
November 30, 2021
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Tesla Chief Executive Elon Musk on Monday lamented the ongoing supply chain difficulties facing the release of the company’s much-delayed Cybertruck and said he will share updates about the new electric vehicle when the company reports its 2021 earnings. “Oh man, this year has been such a supply chain nightmare & it’s not over!” Musk said in a…
Family Lost Everything: China’s Forced Demolition
Another tale of forced demolition strikes a family in China. The victims say authorities railroaded them—and now they’ve lost everything. An over $400,000 fine, over a rule-breaking gain of $300—the Chinese Communist Party ramps up its clampdown on the country’s fintech industry. Parts of northern China are seeing renewed lockdown orders amid a surge of…
Pandemic Accelerates the Need to Replace Imports With Domestic Goods
More than a year after the CCP (Chinese Communist Party) virus entered the scene, manufacturers are dealing with a very different world and supply chain. As they battle ongoing disruptions, congested ports, and ongoing delays, the idea of sourcing closer to home is gaining interest. “There’s such an initiative now for the reshoring,” says Nicole…
America’s 2 Economic Challenges
Commentary Two issues shadow economic prospects today. One is supply chain problems. The other is inflation. A recent report from the Labor Department sheds considerable light on both these matters. The report shows that supply chain interruptions have significantly slowed the pace of the economy’s recovery. Though this strain will likely abate in time and…
Consumers Feeling the Pain of Inflation This Thanksgiving
On the verge of celebrating Thanksgiving with her family, Melissa Ngo wasn’t happy after her grocery shopping trip. The high price of gasoline has cut into her family’s budget for everything, she said. She’s now having to shop at three different grocery stores—Giant Eagle, Marc’s, and Aldi—to find the lowest prices. “It’s everything,” said Ngo,…
What Consumers Say About Rising Prices This Thanksgiving
On the verge of celebrating Thanksgiving with her family, Melissa Ngo wasn’t happy after her grocery shopping trip. The high price of gasoline has cut into her family’s budget for everything, she said. She’s now having to shop at three different grocery stores—Giant Eagle, Marc’s, and Aldi—to find the lowest prices. “It’s everything,” said Ngo,…
What Americans Say About Rising Prices This Thanksgiving
On the verge of celebrating Thanksgiving with her family, Melissa Ngo wasn’t happy after her grocery shopping trip. The high price of gasoline has cut into her family’s budget for everything, she said. She’s now having to shop at three different grocery stores—Giant Eagle, Marc’s, and Aldi—to find the lowest prices. “It’s everything,” said Ngo,…
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