Tag Archives: Shortage

Wildfires are taking a toll on the West Coast right into the end of the summer, with water shortages a top concern for local leisure and hospitality businesses. But according to Tom Danowski, Oregon Wine Board President, there’s an “oversupply” of wine across the nation — even with demand for alcoholic beverages on the rise. “Look at your shelf and your store, you’ll see quite a bit more wine than you might have ever thought could ever [have] been produced,” he told Yahoo Finance LIVE. He… Source link

Let’s say you’re a well-to-do businessman or woman or otherwise successful professional. You’ve put in the time to hone your craft, made the right career moves, climbed the corporate ladder, and likely drive home in your German-built, luxury sports sedan. Yes, you’ve made it, and now you might be thinking to yourself, “It’s time I bought that status symbol that lets everyone else know I’ve made it whenever I walk into a room” — a Rolex. Well I’ve got some bad news for – you… Source link

Oatly CEO Toni Petersson said there is light at the end of the tunnel with respect to the oat milk shortage that has existed during the pandemic due to significantly more at-home consumption of packaged foods.  “No,” Petersson responded when asked by Yahoo Finance if the shortage would continue into 2022. “It’s going to improve. It has improved since March. It’s going to continue to increase [product availability] every single month here.” To help improve demand, Oatly said it will increase… Source link

The need for workers is weighing on the trucking industry, where freight operators are struggling to raise wages fast enough to find drivers. Eric Fuller, the CEO of U.S. Xpress (USX), said that his company has doled out 30% to 35% in total pay increases over the last 12 months — but suggested more may be needed. “The driver situation is about as bad as I’ve ever seen in my career,” Fuller told Yahoo Finance on Monday. Data from the Bureau of Labor Statistics showed that in the depths… Source link

Drug tests are no longer required for most jobs in the municipal offices for Isle, Minnesota, a small town tucked on the southeastern corner of the Mille Lacs Lake. The reason? The town’s liquor store needs just one more person so that its owner, Don Graber, can stop working double shifts on the weekend. “There’s a lot of things that are scaring away potential hires and that was one of them,” Graber told Yahoo Finance. Graber successfully lobbied the town to eliminate the drug test, a… Source link

Independence Day celebrations may not be as spectacular this year as some may have hoped due to logistical and supply constraints causing a fireworks shortage worldwide. People looking to purchase fireworks for the Fourth or for future pyrotechnic celebrations should stock up, Stephen Pelkey, CEO of Atlas PyroVision Entertainment Group, told Yahoo Finance Live. “The only way to get around [the shortages] is if you’re going to need fireworks for the Fourth of July, buy it early, if you’re… Source link

Red Robin CEO Paul Murphy is banking on the labor shortage plaguing his chain — along with most in the fast food industry — ending well before year end.  “We see it [labor shortage] being under control and stabilized by early summer,” Murphy said on Yahoo Finance Live.  Red Robin Gourmet Burgers (RRGB) has had to reduce hours at some locations because of the inability to find new workers in an economy roaring back from the COVID-19 pandemic. In turn, that has weighed on sales for Red… Source link

They sit parked in megalots all across North America — next to a big stone quarry in Troy, Missouri, by an auto assembly plant in Silao, Mexico, and filling the vast parking areas outside the Kentucky Motor Speedway near Owensboro. Tens of thousands of bright, shiny, never-been-driven Ford (F) and GM (GM) trucks and SUVs. They appear to be ride ready, but they aren’t. Buyers are lined up to buy them, but they can’t. The problem, as you might have guessed, is the vehicles have no… Source link

In case you haven’t heard, there’s a major shortage of Boba Tea across the country, and it’s not only affecting restaurants but grocery stores like Costco as well. The warehouse chain has a frozen version of the treat, The Brown Sugar Boba Ice Milk Bar, that’s been sold out for a while… but it’s finally been spotted again by some laser-focused shoppers! Reddit user @s_howl said they found them in the Kirkland, Wash. location (also known as the former Costco headquarters), while, others say… Source link

Apple (AAPL) has seemingly been the only business that hasn’t been impacted by the ongoing global chip shortage. Until now. On Wednesday, the company announced that its revenue in the June quarter could take a $3 billion to $4 billion hit as a result of the semiconductor crisis. Apple had a blow-out Q2, with the company reporting an incredible 54% year-over-year jump in revenue on strong hardware sales across the board. We’re talking incredible sales performance from the iPad and Mac… Source link