Commentary President Joe Biden blames inflation on supply chain problems. He has assured the American people that since supply problems will lift soon so will inflation pressures. He is wrong on both counts. The inflation reflects more than supply chain problems, but even if it were just supply matters, they will persist longer than he…
Apple Q4 Revenues Miss Estimates as Supply Chain Issues Eat Into iPhone Sales
Apple Inc. reported fourth-quarter earnings that came in line with estimates amid an improvement in gross margin. Revenues, however, trailed estimates, dragged by weaker-than-expected iPhone sales. Component shortages apparently have taken a bite out of Apple, leading to weakness in its flagship product. China, which of late has been fueling Apple’s strong performance, also sagged…
Shipping Companies Fear ‘Catastrophic’ Supply Chain Fallout Over New California Port Fees
Top shipping officials this week said that a Biden administration-backed plan to issue emergency fees for containers lingering too long won’t work and will lead to chaos. Earlier this week, the ports of Los Angeles and Long Beach in California announced they would fine ocean carriers for containers that stay too long at port terminals….
Dutchman Uses Worthless Coconut Husks to Make Profitable Pallets to ‘Save Millions of Trees’ per Year
From serving in the Dutch army to living on a beach in Barbados, Michiel Vos has trekked the globe finding his niche. Perhaps taking a cue from the beach where he once lived, Vos realized that coconuts were exactly what the world needed. Supply chain backlogs in California are in the news lately, but another…
White House Officials Not Expecting Vaccine Mandate Attrition to Cause Holiday Labor Shortage
White House officials say they do not expect COVID-19 vaccine mandates to add further burden to holiday supply chains. A recent letter from the American Trucking Association (ATA) to the White House Office of Management and Budget (OMB) expressed concerns at the administration’s soon-to-be imposed vaccine requirements. The letter says the trucking industry could lose…
Shipping Companies at Ports of Los Angeles and Long Beach Will Soon Be Fined for Staying Too Long in Marine Terminals
October 27, 2021
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Shipping companies at the ports of Los Angeles and Long Beach will soon be fined if their containers stay in marine terminals for too long, officials announced on Monday. Officials at San Pedro Bay Ports said in a statement that the fines are being imposed in an effort to “improve cargo movement amid congestion and record volume.” Starting…
’Buy It When You See It’: Retailers Dread Holiday Shortages
NEW YORK—The Perfect Pigg, a gift shop owned by Ginger Pigg, is the go-to place for residents of Cumming, Georgia, to pick up gift items like kids toys and home goods. But this year, store shelves might be a little sparse. Because of bottlenecks in the global supply chain, many stores like Pigg’s are scrambling…
NTD Business Full Broadcast (Oct. 26)
October 26, 2021
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Business groups are urging the White House to hold off with its vaccine mandate—at least until after this holiday season. What are their concerns? Big consumer brands like Unilever and Procter & Gamble are increasing prices, but that’s also because they are confident that you will keep paying for it. One financial regulator says they…
No End in Sight for Labor Shortages as Companies Fight High Costs
NEW YORK—Labor shortages may be the most intractable of the cost risks that companies faced in the latest quarter, and as the earnings season moves into its peak there are signs the problem will persist, some strategists say. Finding and paying for workers is a challenge investors are paying close attention to as third-quarter results…
Require Many Goods Made in US to be Sold Inside Country, New Bill Proposes
A recently introduced bill in the U.S. Senate would force many goods manufactured inside the United States to be sold in the country. Sen. Josh Hawley (R-Mo.) introduced the Make in America to Sell in America Act to try to respond to the supply chain crisis gripping the nation. “It’s past time for the U.S. to…
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