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Tag: supply chain crisis

Samsung and LG electronics are overstocked heavily as the country is ahead of the field in heading to recession.
South Korea’s Biggest Companies Are Overstocked With Unsellable Inventory
The largest companies in South Korea, home of many of the world’s leading electronics manufacturers, are sitting on a massive pile of inventory they can’t find buyers for as the world enters a recession for...
The trucking industry bubble is popping, shown by the price of used trucks at auction cratering.
Another Bubble Is Popping: Used Semi Truck Auction Prices Are Cratering
Another symptom of a lesser-noticed bubble popping has surfaced: the prices that used semi trucks are garnering at auction are taking a sharp leg down.  Citing Chris Visser, a Senior Analyst at J.D. Power Valuation...
A massive UK train union strike is about to make landfall next week, disrupting supply chains and public transport.
Massive Union Strike Set to Disrupt UK Train, Freight Service Next Week
A massive union-led strike is set to disrupt the United Kingdom’s train service throughout all of the week of June 24, reports state.  UK-based iNews has covered the strike as “Britain’s biggest rail strike in...
Demand destruction is being tasted by retailers that sell junk such as Target and Walmart, data shows.
Consumer Demand for ‘Crap’ Is Dying, Bloating Retailer Inventories: Analysts
Consumers are buying less and less “crap,” leaving leading U.S. retailers such as Walmart and Target — whose business model capitalizes on discretionary spending — with a big problem, found a leading transportation industry analysis...
The EU has cut Russia's Sberbank out of the SWIFT network.
The EU Just Cut Russia’s Largest Bank Out of SWIFT
The European Union has announced it will be excluding Russia’s largest financial institution, Sberbank, from the SWIFT network in addition to imposing a massive embargo on Russian oil.  President of the European Council, Charles Michel,...
First time shoplifters are on the rise amid skyrocketing inflation.
First Time Shoplifters On the Rise as Inflation Runs Wild
A UK industry magazine reported an exponential hike in first time shoplifters in Britain, theorized as spurred by the need to support the most basic life necessities. However, what is striking is that there’s a...
Egg laying chickens have been devastated by 2022 Avian Influenza already.
Avian Flu Sends US Egg Laying Chicken Flock To Lowest Levels Since 2015
The current pandemic of avian influenza ravaging U.S. poultry has sent the country’s flock to its lowest levels since the 2015 pandemic, data from the U.S. Department of Agriculture (USDA) shows.  The USDA’s May of...
Truckers-cannabis-violations-over-10-thousand-off-the-raod-Getty-Images-1236632579
More Than 10,000 Truck Drivers Off the Road Due to Cannabis Violations, Adding to Supply Chain Disruptions
According to data from the U.S. Department of Transportation (DOT) as of April 1, 2022 10,276 commercial truck drivers have tested positive for cannabis use and have been removed from the roads, a 32.6 percent...
Diesel is approaching $10 a gallon in Montreal, Canada, amounting to $7.85 USD for an American who needs to fill up.
Diesel Now $10 a Gallon in Canada
The price of diesel in some parts of Canada has hit $10 per gallon, according to government data.  According to the Natural Resources Canada (NRCan) website, among major metropolises, the price of diesel is highest...
The GOP is taking advantage of the baby formula shortage to criticize the Biden Administration
Republicans Capitalize On Biden Admin Weak Response To Baby Formula Crisis
While the worst shortages of baby formula in years has several GOP members worried, others claim the Biden Administration has shipped the last loads to the border to feed the aliens. "Due to increased demand...
US diesel prices hit a 25 year high as truckers are paying $1,200+ to fill up, driving inflation.
Truckers Spending $1,200+ to Fill Up as US Diesel Prices Set 25-Year High
The price of ultra low sulfur diesel (ULSD) in the United States not only suddenly broke sharply away from the price of regular gasoline, but set a new 25-year high according to new data released...
Delta Airlines and Atlanta Airport left 5 million honeybees upside down on the tarmac in the 83 degree sun, killing them.
5 Million Honeybees Die After Being Left Upside Down on Atlanta Airport Tarmac
A heartbreaking story emerged the week of April 25 when reports that the majority of a shipment of five million honeybees en route to Alaska to pollinate apple tree nurseries had died after airport staff...