Higher overhead for material, warehousing and freight could leave consumers with sparser supermarket shelves and higher prices for everyday household goods as supply chain and production issues continue to grip the world post-pandemic. Some of the world’s biggest companies, like Procter & Gamble (P&G), have...
The dynamics of international trade may shift in response to the supply chain disruptions currently affecting world commerce, European Central Bank President Christine Lagarde said Saturday (Oct. 16), per a Bloomberg report. “There are signs that the global economy could increasingly be a source of...
It’s October 13, 2021. Imagine yourself in the East Room of the White House. Next thing you know, the president of the United States of America enters, somberly says “Please, sit down,” then states, “I know you’re hearing a lot about something called ‘supply chains’ and how hard...
Small suppliers often find themselves waiting weeks, sometimes even months, to access the payments they’re due for goods or services rendered. A conservative estimate from PYMNTS shows that SMBs are waiting on around $1.3 trillion in collective, unpaid invoices at any given moment. By no...
Supply chain disruptions will likely not be concerning in a few months, according to J.P. Morgan’s Jamie Dimon and other powerful bank CEOs, the Financial Times (FT) reported. Current snarls “will not be an issue next year at all,” Dimon said, per the report. “This...
Supply chains remain plagued by shortages of labor, commodities and transportation. In response, suppliers and retailers are trying new ways to move goods on cargo liners, trains and competitors’ trucks. In order for retailers to sell products, consumers must have products to buy. In the...
Global supply chains might collapse unless governments around the globe restore freedom of movement for transport workers, giving them priority over vaccines, the Financial Times (FT) reported, citing a coalition of international business leaders. The International Chamber of Shipping and other groups said in an...
