Tag Archives: Shortages

Yasin Ozturk/Anadolu Agency via Getty Images Musk said Tesla was losing billions of dollars at its new factories because of supply-chain snags. The CEO has complained about supply-chain shortages in the past. Musk is one of many auto executives who have said shortages may further hurt the industry. Elon Musk said during a recent interview that electric-car-battery shortages and supply-chain snags were costing Tesla billions of dollars. “Both Berlin and Austin factories are gigantic money furnaces… Source link

Yandex’s Uncertain Q1 FY 2022 Outlook Yandex N.V (NASDAQ: YNDX) has caught the ire of the West in response to Russia’s invasion of Ukraine. After being accused of suppressing free speech and spreading misinformation about conflict,… Source link

Yandex N.V (NASDAQ: YNDX) has caught the ire of the West in response to Russia’s invasion of Ukraine. After being accused of suppressing free speech and spreading misinformation about conflict, Yandex’s second in command, Tigran Khudaverdyan was sanctioned and has since stepped down from his position. The company now is attempting to reduce exposure from potential sanctions placed upon it and that of its employees, which includes selling off divisions of its businesses to state-controlled… Source link

Yandex N.V (NASDAQ: YNDX) has caught the ire of the West in response to Russia’s invasion of Ukraine. After being accused of suppressing free speech and spreading misinformation about conflict, Yandex’s second in command, Tigran Khudaverdyan was sanctioned and has since stepped down from his position. The company now is attempting to reduce exposure from potential sanctions placed upon it and that of its employees, which includes selling off divisions of its businesses to… Source link

The ruble may not be showing it, but Western economic sanctions imposed against Russia are working. In revealing testimony before the Duma parliament, the head of the Central Bank of Russia (CBR) told the country’s lawmakers she had to throw everything but the kitchen sink just to prevent a full-blown run on the banking system. “The sanctions imposed against Russia affected the situation in the financial sector, spurred the demand for foreign currencies, and caused fire sales of financial… Source link

DHL North America plans to add hundreds of robots to its workforce. The robot, called Stretch, was developed by Boston Dynamics for warehouse operations in direct response to labor shortages and increasing logistics volume. A $15 million investment and multi-year agreement between DHL North America and Boston Dynamics will begin with roughly 30 Stretch robots. “Our strategy is to reduce our dependency on labor, which is hard to find in the market currently, and improve the type of positions… Source link

(Bloomberg) — Ford Motor Co. shares tumbled the most in almost two years after the automaker missed estimates for quarterly earnings and cautioned it may get off to a slow start to the year due to supply chain issues. Most Read from Bloomberg The carmaker posted earnings of 26 cents a share excluding some items for the last three months of 2021, trailing the 45-cent average analyst estimate. Shortages of critical components including semiconductors disrupted production and will weigh on… Source link

As backlogs in the U.S. supply chain continue to threaten shipping and deliveries this holiday season, consumers’ purchasing habits and plans appear to be relatively unwavered. According to ChargeItSpot founder and CEO Doug Baldasare, the majority of shoppers the company surveyed are not changing their gift buying approach this year. “We’ve seen a gradual and steady return to brick-and-mortar shopping. As we’ve looked at the last 12 months, it’s really been a pretty steady upward trend,”… Source link

Universities are struggling to hire staff as millions of students return to campus for the fall semester, with campus dining halls acutely feeling the labor shortage.  “Mad rush describes it pretty well — staffing shortages, supply chain shortages, a rush of students coming in who are new to campus,” one dining services employee from the University of Georgia (UGA) told Yahoo Finance. “Everybody’s overworked.” The hospitality industry generally continues to be a short-staffed sector as the… Source link

By Mei Mei Chu and Naveen Thukral PERAK, Malaysia/SINGAPORE (Reuters) – In a sprawling oil palm plantation in the Malaysian state of Perak, watermelon seedlings are sprouting from freshly ploughed earth between palm saplings while rented cows graze in overgrown areas of the estate. A coronavirus pandemic-induced labour crunch has forced managers of the 2,000-hectare estate in Slim River to find creative ways to upkeep their fields, even as prices of the world’s most consumed edible oil are… Source link