Spotify is choosing podcaster Joe Rogan over Neil Young. The streaming service is removing all the musician’s music after he gave them an ultimatum. What does it mean for his record company? It seems some of the solar supply chain is moving out of China, although the country still dominates the industry. What’s behind the shift?…
Solar Supply Chains Move Away From China; Spotify To Take Down Neil Young’s Music | NTD Business
China’s COVID-19 Outbreaks Hit Global Supply Chain
China’s COVID-19 zero-tolerance approach has locked down one city after another, hence workers of the “world’s factory” are blocked at home and can’t get to work, trucks can’t ship non-pandemic-related goods, and ports can’t take care of ships. “Lockdowns in China are already causing disruptions [in global supply chain],” economists at Japanese financial holding company…
Tesla Sees Supply Chain Issues Throughout 2022 After Record Earnings
SAN FRANCISCO—Tesla Inc on Wednesday expected supply chain issues to continue through this year, after posting record quarterly revenue that beat Wall Street estimates. The stock fell 2.7 percent in after-hours trading. Revenue rose to $17.72 billion in the fourth quarter, from $10.74 billion a year earlier. Analysts had expected the electric-vehicle maker to report…
Fed: Rate Hike ‘Soon’; What Is Web 3.0? Chinese New Year To Worsen Supply Chain Woes | NTD Business
The Federal Reserve will continue to withdraw economic stimulus as planned. It’s balancing a doubled edged sword, go too slow inflation could get worse, go too fast the economy could suffer. We have what it means for you. YouTube, jumping on the web-three bandwagon – as new technologies grab the attention of content creators. But what exactly…
Expanded Hours at LA Ports Has Limited Effect on Supply Chain
January 25, 2022
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Local NewsLong BeachLos Angelesport of Long BeachPort of Los AngelesRegional NewsRegional-Local NewsSouthern Californiasupply chainUS
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Opening the Southern California ports 24 hours a day, seven days a week has not helped to ease the supply chain crisis, some port officials and dock workers say. In October 2021, a presidential task force asked the ports of Los Angeles and Long Beach to open around the clock to increase the hours and…
Port Congestion Worsens as Omicron Variant Exacerbates Global Supply Chain Crisis
January 24, 2022
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Business & EconomyBusinesses in COVID-19ChinaChina Business & EconomycommoditiescontainereconomyFederal Reserveinflationinterest rate hikeInternationalMarketsOmicronpandemicsupply chainUSWorld
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Omicron outbreaks have exacerbated shipping congestion across the globe, with major Chinese and U.S. ports affected. Experts forecast that supply chain bottlenecks will continue into at least the second half of this year. With a fresh wave of COVID-19 outbreaks spreading in China, Chinese Communist Party (CCP) officials have launched mass lockdowns and testing, driven…
Kenney Wants to Pause Truckers’ COVID Vaccine Mandate
January 20, 2022
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OTTAWA—Alberta Premier Jason Kenney on Thursday called on the federal government to pause a COVID-19 vaccine mandate for cross-border truckers that companies say will disrupt the supply chain and fuel inflation. The mandate, imposed by Ottawa to help curb the spread of the coronavirus, has cost Canadian trucking companies about 10% of their international drivers, six top executives said this week. They said…
US Allocates $14 Billion to Expand Ports, Shore Up Waterways
January 20, 2022
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Business & Economyeconomic policieseconomyExecutive Branchfundinginfrastructure planPoliticssupply chainUSUS News
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WASHINGTON—The Biden administration on Wednesday said it will fund $14 billion in projects to improve the country’s ports and waterways in an effort to increase climate resilience, improve drinking water sources, and bolster the U.S. supply chain. The funds, for fiscal year 2022, target more than 500 projects in 52 states and territories, including Florida’s…
Food Manufacturers Start to Cut Capacity Amid Labour Shortages and Supply Chain Woes
Canada’s food manufacturers are starting to cut capacity and focus on key products as they confront labour shortages and supply chain problems that show no signs of easing. Experts say food manufacturers are facing inflation, shipping backlogs and delays in obtaining things like ingredients and packaging. Michael Graydon, CEO of Food, Health & Consumer Products…
Independent Aussie Grocers Keep Shelves Stocked
While Australia’s major supermarket chains may have experienced stock shortages due to COVID-19 delays, Sydney and Melbourne produce markets are reporting plentiful supply with distribution largely unaffected. The spread of the virus and isolation of many workers has seen shelves empty at big supermarkets along the east coast in recent weeks. National cabinet this week…
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