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News & Articles By Mary Villareal
11/11/2021
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By Mary Villareal
Supply chain crisis affecting holiday shopping despite early start
An Adobe Analytics study released Tuesday, Nov. 9, revealed that online shoppers saw over two billion out-of-stock messages in October as they started their holiday shopping early this year. That’s three times more than in October 2019 as the supply chain crisis threatens to ruin Christmas. Electronic products have the highest out-of-stock levels, followed by jewelry, apparel, […]
11/10/2021
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By Mary Villareal
Elevated crude prices and uptick in demand cause gasoline prices to reach 7-year high
Gasoline prices in the United States reached a new seven-year high as elevated crude prices and an uptick in demand put upward pressure on prices at the pump. Gasoline demand rose to 9.5 million barrels per day, according to data from the Energy Information Administration (EIA). “The slight increase in demand has contributed to price increases, […]
11/08/2021
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By Mary Villareal
Supply chain disruptions stall global economic recovery
Disruptions to the global value chains have been ongoing since the beginning of the Wuhan coronavirus (COVID-19) pandemic, with factory closures in China at the beginning of 2020, subsequent lockdowns of most countries, congestion in logistics networks for transporting goods, capacity constraints in the face of increasing demand, labor shortages and more. These disruptions have […]
11/05/2021
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By Mary Villareal
Higher fertilizer prices causing higher food prices around the globe
Food prices have already gone up more than 30 percent around the world, but a continuing shortage of fertilizer means that they are about to get higher. Prices for synthetic nutrients are at their highest levels this year, and it could mean weaker harvests and ballooning grocery bills. Prices for urea, a popular nitrogen-based fertilizer, […]
11/05/2021
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By Mary Villareal
Global food prices spiral out of control as supply problems continue
The Wuhan coronavirus (COVID-19) pandemic, natural disasters and wonky global weather patterns combined to wreak havoc on global supply chains. Food prices have since been soaring: up 40 percent in the 15 months ending in June 2021. Needless to say, this problem will hurt those at the bottom of the economic food chain the most. […]
11/05/2021
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By Mary Villareal
Zillow reports loss of $1.4B on flipping houses since 2019 as stock prices plunge
Real estate website Zillow reported losses of up to $1.4 billion on flipping houses since 2019 and had to lay off a quarter of its staff members as stock prices plunge. The company reported that it bought 9,680 houses in the third quarter of the year but sold only 3,032 of them. They also purchased […]
11/04/2021
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By Mary Villareal
Hyperinflation causes Venezuelans to use gold flakes as currency
The Venezuelan government recently took off six zeroes from the bolivar, its hyperinflating currency. What used to be the highest denomination note of one million bolivars, worth less than $0.23, was replaced by a one-bolivar note. At the same time, a 100-bolivar note was introduced as the new highest denomination of the bolivar. It was designed to […]
11/03/2021
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By Mary Villareal
Supply chain execs predict chaotic holiday peak as crisis continue
Supply chain executives are bracing for a chaotic holiday peak as massive e-commerce volume becomes the new normal and persistent lack of truck drivers and other fulfillment workers continue to hurt the supply chain. Last year, the peak holiday season showed U.S. carriers posting similar or slightly better on-time delivery rates compared to the 2019 […]
11/03/2021
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By Mary Villareal
North Korea tells citizens to buckle up for more food shortages until 2025
The North Korean government told its citizens to tighten their belts for at least another three years as Pyongyang does not plan on reopening its borders to China until then. North Korean authorities closed the border on its largest trading partner January last year in a bid to stop the spread of the Wuhan coronavirus […]
11/03/2021
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By Mary Villareal
Oat prices reach record high amid droughts
Prices for oats and grains are up nearly 150 percent over the last year due to extremely dry weather in key growing regions. The drought was estimated to cut U.S. oat production by up to 40 percent, with the United States Department of Agriculture (USDA) saying this year’s oat crop was the smallest on record at only 40 million bushels. […]
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