⚙️ The parts business is booming - but what can be done to capitalize on that?
Rising demand for parts has created an opportunity for dealers and distributors to keep their shelves stocked for fleets in need. These entities should consider nontraditional parts sources, such as eCommerce sites to meet the growing demand without losing a customer due to long shipping and wait times.
Copper prices recently experienced a significant surge, reaching a record high of about $11,100 per metric ton in May on the London Metal Exchange.
Huy Fong Foods, the makers of the popular green-capped Sriracha sauce, has halted production due to a shortage of red winter jalapeños.
Drug shortages in the U.S. have hit a record high this year, with the American Society of Health-System Pharmacists (ASHP) reporting 323 active shortages.
A massive 7.2-magnitude earthquake rocked Taiwan's eastern coast last Wednesday, causing not only tragic loss of life but also significant ripples in the semiconductor industry.
The U.S. is currently experiencing shortages of new weight loss drugs, including Zepbound and Wegovy, primarily due to soaring demand.
Taiwan's biggest quake since 1999 could jolt the semiconductor supply chain across Asia.
It turns out that around 1 in 10 people in the US who rely on Adderall and similar meds for ADHD are hitting a wall due to a medication shortage.
Cocoa prices just hit a new high, reaching over $10,000 per metric ton for the first time.
Dr. Dan McKorley, Executive Chairman of McDan Group, encouraged the salt industry to adopt more sustainable transportation and logistics practices for a greener future.
Supply chain issues in the global aviation sector are starting to improve, but it may still take a couple of years to fully resolve them, according to industry experts at the Singapore Airshow.
Recent sub-zero temperatures across the United States have caused gas wells to freeze, resulting in an 11-month low in gas production, according to Reuters.
Shipping giant Maersk has informed clients that vessels carrying freight from Oceania (Australia and New Zealand) will no longer transit the Panama Canal due to ongoing low water levels caused by a severe drought.
Developers of the proposed offshore wind farm near Long Beach, Long Island, announced the termination of the Empire Wind 2 project due to economic challenges - including inflation, increased interest rates, and supply chain disruptions.
Supply chain trends have shifted since the COVID-19 pandemic, with a focus on tender lead times increasing by 10-15%.
U.S. food safety officials are warning consumers against consuming certain cantaloupe products due to an ongoing salmonella outbreak.
Freshwater fish in the United States contain concerning levels of PFAS (per- and polyfluoroalkyl substances), also known as "forever chemicals," which accumulate in fish, posing a health risk to consumers, especially in rural, Indigenous, and low-income communities.
David W. Chen and Jon Cherry embarked on an 800-mile journey across Kentucky, exploring the political dynamics of agriculture in the state.
Western diplomats are seeking ways to provide emergency aid to Gaza and allow foreigners to leave for Egypt.
Novo Nordisk has raised its full-year sales and operating profit outlook due to high demand for its weight loss drug Wegovy and diabetes treatment Ozempic.
Some global food companies, like McDonald's and PepsiCo, are struggling to reduce emissions across their value chains, despite ambitious sustainability goals.
As saltwater intrusion from the Gulf of Mexico threatens the drinking water supply of approximately one million people around New Orleans, efforts are being made to protect the region's water sources.
The United Auto Workers (UAW) is expanding its strikes to 38 parts and distribution locations across 20 states, targeting General Motors and Stellantis.
Automotive supplier BorgWarner anticipates a relatively modest impact from the United Auto Workers (UAW) strikes at present.
Facing an aluminum oxide shortage exacerbated by geopolitical tensions, Russia has been diversifying its supply chain for this critical raw material.
The United Auto Workers (UAW) union has threatened to initiate more strikes at General Motors, Ford, and Stellantis plants if substantial progress is not made in negotiations by noon ET on Friday, according to UAW President Shawn Fain.
A prolonged period of hot, dry weather has caused the Mississippi River's water levels to drop significantly, leading to transport restrictions for barge companies.
German automaker BMW has raised its outlook but anticipates challenges ahead related to its supply chain, electrification trends, and inflation
The construction industry in America is facing an acute labor shortage of approximately 650,000 workers, which is slowing down the completion of various projects, from residential homes to infrastructure and hospitals.
A bipartisan group of senators has introduced a bill aimed at strengthening the pharmaceutical supply chain by increasing drug manufacturing in the U.S. and allied countries.
Medical experts are warning that a prolonged strike at ports along the East and Gulf coasts could disrupt the supply of life-saving medications.