Articles by tag: Shortage
The demand for workers in the trades continues to outpace the supply at alarming rates. When it comes to the automotive industry, the need for technicians is estimated to be five openings for every active technician. This is a significant increase in the technician shortage from 2021 when the ratio was 2:1 with unfilled […]
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GM Undershoots Estimates on Chip Dearth, Lifts Full-Year Outlook
(Bloomberg) — General Motors Co. missed analysts’ profit estimates for the latest quarter but raised its full-year guidance as rich margins on pickups vied with nagging production cuts at its North American factories from a global semiconductor shortage. Soaring new-vehicle prices on high-margin pickups couldn’t make up for supply chain issues in the second quarter […]
Articles
Wingstop Shares Tumble After Chicken Wing Prices Start Soaring
(Bloomberg) — Wingstop Inc. is falling Wednesday despite a strong earnings report as investors increasingly fear inflationary risks as the price of chicken wings keeps rising. The Dallas-based chain saw its shares plunge as much as 10% at the open before bouncing back. They were down 4.5% at around noon. Price hikes could pressure its […]
Retail
Ivanhoe Mines Co-Chairman & Co-Founder Robert Friedland on Copper Prices, Greening Supply Chain
Ivanhoe Mines Co-chairman and Co-founder Robert Friedland says the copper market will face disruptions to both demand and supply if prices of the metal get too high. Tune in below to hear Friedland’s thoughts on whether or not copper could be the next shortage in the supply chain. Friedland: We’re waking up to a […]
Business Services
How Can the Manufacturing World Recover from Mass Commodity Shortages?
A year ago as the pandemic ravaged the world and cities locked down one by one, consumers were the ones panic-buying. Today, it’s companies doing the hoarding and it’s pushing supply chains to the brink. Bloomberg’s Enda Curran reports. Host: And what is really driving this massive supply crunch? Curran: Well, good morning, Heidi. What’s […]
Energy
Colonial Restarts Gas Pipeline Following Cyberattack
Colonial Pipeline Co. said it began to resume gasoline shipments late this week, after a cyberattack that caused fuel shortages in several states. President Biden also asked US residents not to panic buy amidst the shortage. Watch below for more thoughts from Bloomberg’s Jamie Tarabay. Host: So, Jamie, operations resuming, when is the actual […]
Energy
What the Colonial Pipeline Hack Means for Fuel Supplies
Fuel traders are working to avoid gasoline and diesel supply shortages on the East Coast of the United States following a ransomware attack Friday on Colonial Pipeline Co. Watch below as Bloomberg’s Javier Blas breaks down the potential short and long term impacts. Host: Javier, you talked to us, first of all, about what […]