Tag Archives: chain

UPS (UPS) will have doubled its health-care facilities footprint by 2023, as a result of unprecedented demand for mRNA vaccines, and the company is making a long-term bet that demand for cold chain storage in medicine will only grow in coming years. The logistics giant began building out millions of square feet of space as a result of its partnership with Pfizer (PFE)/ BioNTech (BNTX), according to UPS Healthcare and Life Sciences President Wes Wheeler, but that only sped up a strategy the… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, July 1, 2022 Today’s newsletter is by Sam Ro, the author of TKer.co. Follow him on Twitter at @SamRo. On Thursday, we learned the Fed’s preferred inflation measure — core PCE — moderated in May, rising 4.7% over the prior moth and marking the third-straight month of moderating price pressures. And while investors will be closely… Source link

(Bloomberg) — Deere & Co. slid the most in 14 years after the world’s largest manufacturer of agricultural equipment was the latest major US company bruised by supply chain snags and rising inflation. Most Read from Bloomberg Shares fell 14% Friday, erasing a record $15.7 billion in market capitalization after the company posted disappointing quarterly sales and said that supply chain challenges will persist through the end of the year. Ongoing chip shortages continue to prevent Deere from… Source link

Apple’s value chain in China, an emblem of the country’s global role as a source of labour and assembly, has been hit hard by strict lockdowns in Shanghai and neighbouring provinces, raising the risk that the US tech giant may accelerate a shift of its operations away from China, say analysts. While it is hard to put an exact figure on the losses resulting from the disruption to transport and production along Apple’s extensive value chain in China, chief financial officer Luca Maestri told a… Source link

China’s strict COVID-19 lockdowns will exacerbate global supply chain woes and add to inflation in the coming months, experts say. President Xi Jinping’s zero-COVID policy is being tested as the country struggles to tame its worst virus outbreak yet. Frustration is rising over food shortages, people being locked down in their homes for weeks, and a policy of killing pet dogs suspected of being infected with COVID. While China’s tech hub Shenzhen has emerged from its nearly month-long… Source link

Ransomware attacks on the supply chain are undermining national security, according to a U.S. Customs and Border Protection intelligence bulletin obtained by Yahoo News, and will cause further congestion at ports of entry and delays in shipping nationwide. Hackers and ransomware groups are targeting American logistics and shipping companies, the bulletin states, and the ongoing attacks threaten to cripple the already strained supply chain, limiting customs enforcement capabilities and… Source link

Jeff Fenster, Everbowl CEO and Founder Jeff Fenster, Everbowl CEO and Founder Jeff Fenster, Everbowl CEO and Founder SAN DIEGO, Feb. 04, 2022 (GLOBE NEWSWIRE) — California-based, craft superfood chain, Everbowl™ (https://www.everbowl.com), will now run its business operations off the Bitcoin Standard and is converting cash reserves to Bitcoin. As Founder and CEO, Jeff Fenster explains, “We’ve concluded that running the business exclusively on cash isn’t the most advantageous, nor the safest,… Source link

The Federal Reserve met last Wednesday, Jan. 26, holding interest rates near zero but reiterating its intentions to raise them later this year in an effort to quell record inflation. One factor contributing to the surging inflation levels continues to be global supply chain issues — a problem that the Fed does not have a significant amount of influence over and one that may extend well into 2022. According to Cetera Investment Management CIO Gene Goldman, however, the easing of supply-chain… Source link

Lucid shares fell as much as 14% on Thursday amid a selloff in electric vehicle stocks. The high-end EV maker is falling in sympathy with Tesla (TSLA) after the industry giant warned about supply-chain challenges.  Despite Tesla’s top and bottom line beat for its fourth quarter, investors are focused on product delays and parts constraints.  “Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue… Source link

The scene in Southern California resembles a disaster movie — only it’s not.  Thousands of boxes littering Union Pacific (UNP) train tracks in downtown Los Angeles attest to a wave of rail thefts that have taken place in recent months — worsening supply chain bottlenecks and creating endless delays for consumers and merchants that likely cost millions, if not more.  L.A. has been a hub of major shipping woes in recent months, with the ports of Los Angeles and Long Beach a prominent fixture… Source link