Articles by tag: Shortage

Auto Industry Professionals Weigh Solutions to Persisting Technician Shortage

auto technician 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…

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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…

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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…

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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…

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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…

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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…

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facing adversity head-on
Facing Adversity Head-On: Leadership Insights From Charmeachealle Moore
July 23, 2024

Welcome to “Through the Storm,” where resilience and facing adversity head-on takes center stage. If you were to look up the word in the dictionary, you might just find a picture of Charmeachealle Moore, known affectionately as Mike Moore. His life story reads like a testament to unwavering determination and perseverance. Mike is a…

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Breaking the Cycle and Inspiring Others
July 23, 2024

Nowadays, the traditional path to education is being questioned more than ever and there are numerous stories that provide a beacon of hope for those considering alternative routes. As the number of adults without a high school diploma reaches nearly 22 million in the United States, the importance of understanding and embracing non-traditional education…

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School Safety and Regulatory Compliance
Approaching Safety and Regulatory Compliance with Intent and Purpose
July 23, 2024

In this episode of School Safety Today by Raptor Technologies Michelle Dawn Mooney sat down with special guest, Carrie Mockler, the Vice President of Operations at PublicSchoolWORKS, a Raptor Technologies company. PublicSchoolWORKS is a fully automated, all-in-one learning management system for online training for school staff and a comprehensive risk management program. Key Takeaways: •…

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The Power of Self-Compassion in Leadership and Cognitive Diversity Can Transform Workplaces
July 23, 2024

Mental health and a sense of belonging are critical issues in today’s workplaces. So much that it is essential to practice self-compassion and form a better understanding of cognitive diversity. Leaders today must navigate the complexities of fostering connection and reducing isolation among their teams. Recent studies indicate that 40 percent of employees feel…

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U.S. Factory Growth Settles Back as Supply Chain Snags Linger
May 3, 2021

(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…

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What in the World is Going on with the United States Housing Market?
April 26, 2021

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…

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Chobani President Comments on the Rising Demand for Healthy Foods and Plans to Keep Up With Employment Demand
April 13, 2021

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…

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Is Infrastructure To Blame For California’s Port Problems?
April 12, 2021

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…

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Pandemic Accelerated Demand for Semiconductor Chips, Says Intel VP
April 7, 2021

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,…

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Clothing Retailers Fighting a Tremendous Supply and Demand Imbalance
March 20, 2021

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…

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Why are There Weak Links in the Chip Supply Chain and Who is Impacted?
March 8, 2021

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…

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Biden Acknowledges US Overreliance on Foreign Supply Chains
February 25, 2021

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…

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What the Toilet Paper Shortage Revealed About the Realities of Manufacturing
December 1, 2020

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…

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