After the 2020 holidays, which incurred different types of gatherings, many are looking to make 2021 better. Retailers expect sales to increase 3 percent from last year during November and December, according to the 2021 Holiday Report by NPD. At the same time, prices are on the rise: the consumer price index (pdf) rose 5.4…
Amid Shortages and Delays, Industries Question Old Inventory Strategies
Ongoing disruptions in America’s supply chains have prompted manufacturers to review and modify their inventory management systems. Just-in-time (JIT) inventory management, which calls for the right amount of inventory at the right time, has long been the standard. However, just-in-case (JIC), a system which focuses on keeping extra inventory on hand, has recently gained attention….
CCP Seeks ‘All-Out Push’ for New Weapons After Reported Test of Hypersonic Missile
October 29, 2021
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News Analysis China’s military will “break new ground” in the development of new weapons and other equipment, said Chinese leader Xi Jinping at a recent conference, according to Chinese state-run media. “Leapfrog development” in military equipment and weapons has critically enhanced China’s strategic capabilities, Xi said, in a nod to the nation’s strategy of prioritizing…
NatSec Expert: ‘We No Longer Need to Censor Ourselves’ About Chinese Communist Party
October 16, 2021
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Alexander HamiltonAustraliabatteriesBusinessBusiness & EconomycensorChinaChina-Australia RelationsChinese Communist PartyChinese RegimeEconomiesFinance & Business TiesHudson InstituteInfiltrating the WestLithium-ionNadia SchadlowSpecial Topicssupply chainsUnited StatesUS-China relationsventure capital
In a discussion that Hudson Institute senior fellow Arthur Herman described as “particularly chilling,” experts with Hudson’s Hamilton Commission on Securing America’s National Security Innovation Base spoke Oct. 14 on the threat of Chinese economic coercion to the supply chains for defense-critical advanced batteries. One of three talks at Hudson’s “Powering Innovation: Advanced Batteries and…
White House Chief of Staff Shares View That Rising Inflation Is ‘High Class Problem’
White House chief of staff Ron Klain on Oct. 14 retweeted Harvard economist Jason Furman’s opinion that the United States’ economic problems such as rising inflation and supply chain issues are “high class problems.” Klain retweeted a Twitter post from Furman which reads: “Most of the economic problems we’re facing (inflation, supply chains, etc.) are high class…
Truckers Warn Federal Regulators That Drug-Testing Bottlenecks Are Leaving Many Unable to Drive
October 15, 2021
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The Owner-Operator Independent Drivers Association (OOIDA) has warned federal regulators that disruptions affecting drug and alcohol testing pose significant challenges for truck drivers, leaving many of them unable to legally drive. In a letter (pdf) sent to the Federal Motor Carrier Safety Administration on Oct. 13, OOIDA President and CEO Todd Spencer said that disruptions…
IKEA to Shift More Production to Turkey to Shorten Supply Chain
ISTANBUL—Sweden’s flat-pack furniture giant IKEA is planning to move more production to Turkey to minimize problems with global supply chains and increased shipping costs, the company’s chief financial officer for Turkey said. Products it expects to make and then export from Turkey, including armchairs, bookcases, wardrobes, and kitchen cabinets, are currently shipped thousands of miles…
Soaring Gas Prices Ripple Through Heavy Industry, Supply Chains
LONDON—Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains in some sectors such as food and could result in higher costs being passed on to their customers. Some companies, including steel producers, fertilizer manufacturers, and glass makers, have…
Britain No Longer in Top 10 for Trade With Germany as Brexit Bites
BERLIN—Britain is on course to lose its status as one of Germany’s top 10 trading partners this year for the first time since 1950, as Brexit-related trade barriers drive firms in Europe’s largest economy to look for business elsewhere. Britain left the European Union’s single market at the end of 2020, following more than four…
UK Supply Chain Problems Leave Pubs Short of Beer
The supply chain issues that have dogged some retailers in recent weeks are now leaving some British pubs short of beer. Pub chain JD Wetherspoon has apologised after its supplies of Carling and Coors were affected by the nationwide supply issues. The firm did not provide further details regarding the supply issues but it is…
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