Tag Archives: Shortage

The so-called “summer of travel hell” is behind us, but the ongoing national pilot shortage is still causing plenty of headwinds for the industry. Estimates vary, but one government estimate projects a shortfall of 18,000-plus pilots each year for the next decade. Mesa Airlines, a regional airline that flies for both United and American as well as cargo carrier DHL Express, says his company has a solution. CEO Jonathan Ornstein told Yahoo Finance his company is rolling out a program to… Source link

Don’t expect inflation to pass over very quickly, even with Fed rate hikes, a new ING report (ING) warns. The report, which was published by ING’s Financial and Economic Analysis team, analyzed the latest Labor Department jobs report and noted that consumers and businesses alike being burned by inflation will likely have to wait a while before seeing any real relief from inflation. “In an environment of decent corporate pricing power where firms can pass cost increases onto customers,… Source link

At this year’s Milken Institute’s Global Conference, its 25th annual gathering, the overarching theme was “Celebrating the Power of Connection.” America’s largest domestic automaker by volume, General Motors (GM), would like to “connect” more with its customers as well, however vehicle supply has been hampering those efforts. In a wide-ranging conversation with Yahoo Finance Editor-in-Chief Andy Serwer from the conference, GM CEO Mary Barra emphasized the impact of the global chip shortage… Source link

The White House announced $3.16 billion is on the way to help with the battery shortage in America. The money, which will come from funds in the recently enacted Bipartisan Infrastructure Law, was announced by the White House and the Department of Energy on Monday. Officials promise the money will help domestic manufacturers make more batteries in the U.S., iron out supply chain issues for components, and also mitigate some of the environmental impacts from battery manufacturing. “We need a… 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 Tuesday, April 5, 2022 There’s a widespread labor shortage across the country, but that’s nothing new for the construction industry. During the homebuilding boom of the early 2000s, there was a lack of construction workers that was briefly cured when the housing market collapsed during the Great Recession and foreclosure crisis. But the… Source link

The semiconductor shortage roiling industries from automakers Ford and General Motors to industrial products maker 3M is unlikely to end in 2022, hints one of the foremost minds in the space. “There’s tremendous investment that’s happening across the semiconductor industry, whether you’re talking about on the wafer side or on some of the substrates or the back-end assets. So we are making progress. I do believe that the first half of this year will continue to be quite tight. But the second… Source link

U.S. Commerce Secretary Gina Raimondo says it’s high time for lawmakers to pass legislation that helps end a crippling pandemic-fueled semiconductor shortage that has been going on for a longer than a year.  “It’s a crisis,” Raimondo said of the shortage on Yahoo Finance Live.  Findings from a new Commerce Department survey underscore the extent of that crisis.  The median inventory of semiconductor products highlighted by buyers has fallen from 40 days in 2019 to less than five days in… Source link

“Our entire pandemic response has been inequitable, and it’s our capitalist economy. It’s so inequitable that Google gets to give tests to the rich people, and the poor people don’t [get tests],” said Monica Gandhi, a professor of medicine at the University of California at San Francisco, who studies infectious diseases. “The private schools get them, and the public schools don’t. Our entire response has been one of inequity.” Source link

Nvidia (NVDA) CEO Jensen Huang doesn’t see the global chip shortage coming to an end anytime soon. The head of the largest chip maker by market cap, Huang is fresh off his virtual keynote at Nvidia’s GTC conference where he announced advances in the company’s metaverse and AI efforts. But Nvidia still makes the bulk of its revenue, about 47% in Q2, from the sale of its gaming cards. And those continue to be in short supply due to the pandemic-induced chip crisis. “I think that through… 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 Monday, November 1, 2021 It was a brutal weekend for one airline and a telling weekend on the state of America’s labor shortage.  American Airlines canceled about 14.3% of its flights on Sunday, according to data shared by the company to Yahoo Finance, in large part because it was unable to find staff to carry out operations. Staffing problems… Source link