Tag Archives: Shortages

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

‘No toilet paper, again?!’ Shoppers report COVID delta shortages and hoarding Remember the bare store shelves and shopping carts overflowing with bulk packages of toilet paper and bottled water during last year’s intial waves of COVID-19? The bleak scenes at the big-box stores may be making a comeback, thanks to the COVID delta variant sweeping the U.S. Don’t be surprised if you can’t find t.p. again at your local Costco store. A new survey finds three-quarters of Americans are already seeing… Source link

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell more than expected in July as shortages weighed on purchases of motor vehicles, suggesting a moderation in economic growth early in the third quarter. The weak sales reported by the Commerce Department on Tuesday also reflected a plunge in online purchases, payback after Amazon pulled forward its Prime Day to June from July. With the school year getting into full swing later in August and most education districts reverting to… Source link

As COVID-19 restrictions loosen across the United States, the hospitality industry — which was walloped by the pandemic — is experiencing a new challenge: too few workers available to address soaring demand for dining out. A furious debate is underway over what’s behind the labor shortage, which is prompting restaurants to adapt by modernizing with kiosks and digital ordering. Many are biting the bullet and ponying up more in compensation just to attract employees.  “A lot of us are… Source link

You may want to prepare to drink your $6 Starbucks iced coffee black, or heaven forbid, with regular milk from a cow’s udders.  Starbucks confirmed Thursday it’s seeing shortages in some products — such as popular oat milk from supplier Oatly —as consumers flood the coffee chain’s stores as they exit pandemic-related quarantine.  “I can confirm that we are experiencing temporary supply shortages of some of our products. Specific items will vary by market and store, and some stores will… Source link

Apple (AAPL) reported its Q2 2021 earnings after the closing bell on Wednesday, blowing away analysts’ expectations on the top and bottom line. Revenue was up a whopping 54% year-over-year on strong hardware sales in the quarter. Still, executives on Apple’s conference call warned of the impact of the ongoing global chip shortage on Apple’s hardware business. Supply constraints could have a revenue impact of $3 billion to $4 billion in the June quarter, Apple’s CFO Luca Maestri said on the… Source link

TipRanks 2 Stocks Flashing Signs of Strong Insider Buying Tracking insiders’ stock purchases can make a viable investment strategy. Corporate insiders – the company officers and board members – are naturally positioned to be in the know, to know how company policies and performance will impact stock prices. They can use that knowledge to inform their own stock purchases – but not unfairly. By law, they must disclose publicly their own stock holdings, and the general public can learn… Source link