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News Articles: supply chain

Traders work on the floor during the opening bell of the New York Stock Exchange in New York City on May 16. Stocks slumped on Wednesday as earnings from major retailers such as Target reinforced concerns about the U.S. economy.

Tagged as: 

  • Business

Stocks slump again. This time, it's retailers such as Target spooking investors

The Dow fell by more than 1,000 points as retailers' earnings reports reflected difficulty navigating higher prices and supply chain bottlenecks.

May 18, 2022
|
By:
  • David Gura
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on April 28. Stocks sank on Friday, ending a miserable month for Wall Street.

Tagged as: 

  • Business

Here are 3 reasons why stocks are tanking

Stocks were pummeled on Friday with the Nasdaq slumping more than 4% to post its worst month since 2008. Why things have gotten so bad in Wall Street.

April 29, 2022
|
By:
  • David Gura
Shipping containers are stacked at the Port of Long Beach in Long Beach, Calif., on Nov. 17, 2021. Congestion at U.S. ports has caused supply chain disruptions, driving up prices and leading to a growing shortage of goods.

Tagged as: 

  • Politics

Bipartisan bill to address supply chain kinks moves closer to the president's desk

The Ocean Shipping Reform Act, which was approved unanimously in the Senate after a version was approved in the House late last year, aims to ease shipping backlogs at U.S. ports.

April 01, 2022
|
By:
  • Claudia Grisales
People shop in The Galleria mall in Houston during Black Friday on Nov. 26, 2021. The economy grew strongly last year but at an uneven pace because of the pandemic.

Tagged as: 

  • Economy

Believe it or not, the economy grew last year at the fastest pace since 1984

The U.S. economy grew last year at the fastest pace since 1984, but growth was tempered by successive waves of the pandemic.

January 27, 2022
|
By:
  • Scott Horsley
The container ship Hyundai Hope is loaded in Norfolk, Va., on Dec. 1, 2021.

Tagged as: 

  • Author Interviews

The global supply chain is amazingly efficient. So why did it break down?

"Americans went on a shopping spree as soon as lockdown started, and we haven't really stopped," journalist Christopher Mims says. His book, Arriving Today, goes inside the global supply chain.

January 05, 2022
|
By:
  • Dave Davies
Earlier this month, customers were able to get cream cheese from a Manhattan grocery store. But Kraft, which owns Philadelphia Cream Cheese, hopes you lay off the popular baking ingredient.

Tagged as: 

  • Food

Kraft will literally pay you not to make cheesecake this holiday season

Kraft Heinz will reimburse up to 18,000 customers $20 each to buy or bake desserts without cream cheese, which is harder to come by this holiday season. Here's how the (cheesy) promotion works.

December 16, 2021
|
By:
  • Rachel Treisman
Drug shortage

Tagged as: 

  • News

More than 100 drugs are in short supply. Experts say don’t panic, but be aware

More than 100 pharmaceutical drugs are currently in short supply across the country — many of those life-saving. With the crunch on the nation’s supply chain, advocates are worried about the impact on chronically ill patients who rely on their prescriptions to survive.

November 29, 2021
|
By:
  • Riley Bunch
Publix Job Fair Tuesday, August 13, 10 a.m. to 6 p.m. in Rome

Tagged as: 

  • Economy

Grocery stores navigate supply chain issues amid holiday shopping

Grocery stores are navigating supply chain disruptions to meet customer demands ahead of the Thanksgiving holiday.

November 24, 2021
|
By:
  • Amanda Andrews
Frozen turkeys sit in a refrigerated case inside a grocery store in southeast Denver. The Farm Bureau says high demand for meat and supply chain woes have increased the cost of Thanksgiving dinner this year.

Tagged as: 

  • National

Expect to pay more this year to stage your Thanksgiving feast

The Farm Bureau's Thanksgiving report says the average cost of dinner for 10 people is $53.31. But don't cancel your meal yet: the cost for a turkey has already dropped since the survey was taken.

November 18, 2021
|
By:
  • Deepa Shivaram
A person walks in an Ikea warehouse in New York City on Oct. 15.

Tagged as: 

  • Business

Warehouses are overwhelmed by America's shopping spree

The U.S. is dotted with more warehouses than ever. But they are overwhelmed by record-level imports, a lack of workers and a shopping spree of unprecedented proportions.

November 15, 2021
|
By:
  • Alina Selyukh
An inflatable snowman and candy canes are part of the decorations that adorn houses in Brooklyn's Dyker Heights neighborhood on Dec. 22, 2020 in New York. A shopping surge by households this year has snarled up global supply chains, and now the race is on to get products on shelves in time for Christmas.

Tagged as: 

  • Economy

The race is on to save Christmas as retailers fight the supply chain crunch

Retailers are racing to get merchandise onto store shelves in time for the busy holiday shopping season. But with ports and warehouses overflowing, many orders are tied up in traffic.

November 11, 2021
|
By:
  • Scott Horsley
Garden City Terminal, Port of Savannah

Tagged as: 

  • Business

Easing of supply chain jam might start with Savannah's seaport, White House says

The administration expects the Port of Savannah, the nation’s third-busiest importer, to be the first to take advantage of a policy change allowing ports to redirect about $8 million in funding to immediately address supply chain challenges, the official said.

November 09, 2021
|
By:
  • Jacob Fischler
GPB News NPR

Tagged as: 

  • National

Waiting on that holiday gift from your online cart? It might be stuck at a seaport

The global supply chain backup is clogging the Port of Houston, but it's not as bad as the huge bottleneck at the Port of Los Angeles.

November 05, 2021
|
By:
  • John Burnett
Prices for Oreo cookies and other snacks made by Mondelēz International will be going up next year because of higher transportation costs and other factors affecting the supply chain, the company says.

Tagged as: 

  • Business

Oreos, Sour Patch Kids and other snacks will soon get more expensive

Companies from Mondelēz to McDonald's are raising prices to offset higher costs for transportation and because of labor and other problems along the supply chain.

November 04, 2021
|
By:
  • Sharon Pruitt-Young
A sign asking patrons to wear a mask is seen at the entrance of a restaurant in New York City on Aug. 3. The spread of the delta variant led to sharply slower economic growth in the July-to-September quarter.

Tagged as: 

  • Economy

How the economy went from sizzle to fizzle, and why there's hope for a way back

The U.S. economy slowed sharply in the third quarter as the delta variant and persistent supply chain woes weighed on growth. The months ahead should be better.

October 28, 2021
|
By:
  • Scott Horsley
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