Supply Chain Relief Sparks Feud Over Degree of Softer Economy
Some supply strains in the U.S. are easing, two years after a jump in demand started emptying shelves, snarling shipping and sowing the seeds of soaring inflation.
Retired Army General Replaces Porcari as Port Envoy
Retired U.S. Army Gen. Stephen Lyons has been appointed as the new port and supply chain envoy to a group created by the White House last June to mitigate economic problems arising from the COVID-19 pandemic.
High Rate of Turnover Among Stressed-Out Supply Chain Managers
Supply chain managers quit their jobs last year at the highest rate since at least 2016 due to a mix of burnout and a desire for fatter paychecks.
Supply Chain Woes Threaten Electric Grid
A vast swath of North America from the Great Lakes to the West Coast is at risk of blackouts this summer as heat, drought, shuttered power plants and supply chain woes strain the electric grid, according to a report.
May 18, 2022Worker Shortages Snarl Shipping Even as Shanghai Lockdown Eases
China appears to be gradually easing its lockdown of Shanghai, but that won’t bring immediate relief to global supply chain congestion, according to a major shipping company.
Icebreaker Shortage Freezes Up Supply Chain on Great Lakes
CLEVELAND — More than 1.6 million tons of cargo ship carrying capacity was delayed for 28 days due to ice conditions on Lake Superior, Lake Huron, Lake Michigan and in Green Bay. A lack of Coast Guard icebreakers hampered efforts to meet the needs of commerce.
HMM to Continue Deploying More Ships as Port Congestion Persists
HMM Co., the biggest container-shipping line in South Korea, will continue deploying more vessels than usual to try to meet demand from the country’s exporters struggling to transport goods overseas.
Critical Talks to Begin for West Coast Port and Warehouse Workers
Labor Secretary Marty Walsh, seaport officials on the West Coast, International Longshore and Warehouse Union negotiators and leaders with the Pacific Maritime Association are talking optimistically that a long-term contract with workers can be negotiated this summer.
Odyssey Realigns Business Structure With Four New Divisions
Odyssey Logistics & Technology Corp. realigned its business structure by creating four new operating divisions, the company announced May 4.
May 9, 2022Fed Hikes Rates Half-Point; Powell Signals Similar Moves Ahead
The Federal Reserve delivered the biggest interest-rate increase since 2000 and signaled it would keep hiking at that pace over the next couple of meetings, unleashing the most aggressive policy action in decades to combat soaring inflation.