Pharmaceutical industry facing a $35 billion supply chain problem
The pharmaceutical industry is facing a $35 billion supply chain problem.
Breathe easy: the US supply chain is seeing some progress
In May 2022, The Logistics Managers Index dropped to 67.1 - making it the second month in a row the index has declined since a peak in March at 76.2.
South Korean port workers are on strike
Unionized South Korean port workers have launched a strike this week.
Women in supply chain sector more likely to be in C-level positions at international firms
In 2022, 19% of high-level positions are led by women, as compared to 15% in 2021.
Shanghai reopens, bringing massive cargo surge to CA ports
While the port of Shanghai was technically in operation during the three-month shutdown due to Covid-19 restrictions, the operations were slowed significantly.
Shanghai faces long uphill battle after months of lockdown
The long recovery ahead leads many economists to signal their worry about any supply chain resolutions within the coming months, especially as the holiday season approaches.
$368 million in grants for rail infrastructure
$368 million in grants has been awarded by the Biden Administration to rail systems.
New Mexico-Texas interstate designation introduces an exciting freight corridor
The Ports-to-Plans project is intended to designate an entirely new roadway interstate, something that has been sought since 1998.
Covid-19 hours of service allowances extended 90 days by FMSCA
The 90-day extension includes direct assistance to support the logistics involved with Covid-19 supplies. Commodities included are gasoline, food, vaccines, and more.
The Arctic’s logistic capabilities are being enhanced by US Navy
For the last few years, the Navy has implemented what they are coining the “Blue Arctic” strategy in the High North, looking into more strategic operations in the icy wasteland.
Grocery stores are cornered into e-commerce automation
E-commerce is taking over the industry, and Covid-19 only amplified the already growing trend.
Luxury pool builders struggle with supply chain hurdles
Luxury pool-building businesses are being pulled to the brink by supply chain issues. Costs for the building have risen at least 30%.
Women are landing more supply chain leadership roles than ever before
However, the data shows that fewer women are entering the industry, overall.
Consumers are bent-out-of-shape, but with good reason
The University of Michigan’s May sentiment index sits at 58.4 - a massive dip from 65.2 in April.
22,000 California port workers contracts expire this summer
The West Coast ports in California are still moving record amounts of cargo regardless of supply chain hiccups.
Rolls-Royce is extending its customer waiting list
Torsten Mueller-Oetvoes, CEO of parent company BMW AG, has advised that Rolls Royce Motor Cars Ltd. is facing supply chain issues that will bleed into their manufacturing processes.
High-skill labor shortages affecting the public
The labor shortage extends further than blue-collar jobs; the high-skill workforce has been depleting since 2020.
Sony’s PS5 facing another year of high demand, low volume
Sony is predicting that its 2020 gaming console, the PS5, will likely not meet the demand for the second year in a row.
World Economic Forum predicts elongated semiconductor shortage
The World Economic Forum in Davos, Switzerland raised concerns regarding a continuous microchip and semiconductor shortage for a long period of time.
U.S. Air Force transported 500k servings to baby formula
“Operation Fly Formula” was a mission authorized by President Joe Biden and his administration to relieve the current baby formula shortage.