Articles by tag: Shortage

(Bloomberg) — Growth at U.S. manufacturers cooled in April as ongoing supply chain issues and materials shortages limited production efforts and enlarged backlogs. A gauge of factory activity fell to 60.7 from a more than 37-year high of 64.7 a month earlier, according to data from the Institute for Supply Management released Monday. Readings above…

U.S. new-home sales rebounded sharply in March to the highest since 2006. Watch or read below to hear Mark Vitner, senior economist at Wells Fargo, speak about the causes and long term impacts of the U.S. housing demands. Host: I’m curious, Mark, when you look at some of the data that we’ve been getting out…

The demand for healthy foods has spiked during the COVID-19 pandemic, leading to an increase in purchases of more health conscious foods. Watch or read below as Chobani Inc. President Peter McGuinness speaks to Bloomberg’s Guy Johnson and Alix Steel about this increased demand and what it’s meant for the company. —   Host: So…

From Los Angeles to Long Beach, cargo ships are backed up off the coast. The supply chain snafu leaves ships vying for the same docks and often backs them up for as much as a week. At its peak, as many as 40 ships and 14,000 containers float aimlessly around the sea, and businesses are…

The global chip supply chain is in crisis mode after a mass shortage and the COVID-19 pandemic. Watch or read below as Gregory Bryant, Intel executive VP of client computing, talks about the demand for semiconductor chips.   — Host: Let’s talk first, Greg, about the demand, is this just a snap back from covid,…

Worldwide, unsold clothing stockpiles are skyrocketing. In fact, McKinsey estimates that the worldwide supply of unsold clothing is valued at anywhere from $168-$192 billion, a staggering figure that’s around double the normal levels. This backlog was largely spurred by the COVID-19 pandemic, adding to the variety of stressors retailers are already trying to navigate as…

The world’s manufacturing supply chains are showing signs of strain and semiconductors or “chips” are among the hardest hit. The combination of the pandemic policy decisions and the growing demand for electric vehicles created a perfect storm for the industry. “This is an industry issue, of course. We’re working every single day with a cross-functional…

President Joe Biden ordered a government review of U.S. supply chains, seeking to end the country’s reliance on China and other adversaries for crucial goods. Biden met with a group of lawmakers from both parties at the White House Wednesday afternoon to discuss the semiconductor shortage, and ways to strengthen supply chains. Watch above…

This year has proven to be remarkable in many ways. March 2020 was memorable in how it gave the world a glimpse into the workings of the supply chain. As the coronavirus began spreading and taking hold in the U.S., consumers flocked to their favorite big-box retailers and grocery stores to stock up on food…