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News & Articles By Ramon Tomey
10/19/2021
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By Ramon Tomey
Food company exec: People must get used to higher food prices
A food company executive has warned that people must get used to paying more for their food as prices of raw materials used for different products reach new highs. But he also notes that consumers do not need to shoulder the higher costs of raw food ingredients. Miguel Patricio, the CEO of Kraft Heinz, lays down the argument […]
10/18/2021
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By Ramon Tomey
Labor and energy shortages: The cracks in the economy are showing
The Wuhan coronavirus (COVID-19) pandemic has had a negative impact on the U.S. at large. However, an impending economic collapse – with the economy showing signs of it – is threatening to make things worse. The recent shortages in manpower and energy reported in various parts of the world can attest to this. Southwest Airlines […]
10/15/2021
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By Ramon Tomey
Aluminum prices jump to 13-year high; extreme power requirements for manufacturing prompts China to halt production
Prices for aluminum have risen to a 13-year high amid the ongoing energy shortages worldwide. These energy shortages across China have resulted in China’s halting of aluminum production, given the extreme energy inputs required to purify and manufacture aluminum. China’s move carries repercussions for many other industries that use processed aluminum for their products. Aluminum’s price […]
10/13/2021
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By Ramon Tomey
Kraft Heinz CEO says people must get used to higher food prices
The head of food manufacturer Kraft Heinz says people must get used to higher food prices. According to Kraft Heinz CEO Miguel Patricio, the company is “raising prices, where necessary, around the world.” His comments follow a spike in energy and raw material prices alongside supply chain issues around the globe – prompting companies to […]
10/13/2021
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By Ramon Tomey
Truckers voice frustration with cargo vessel backlog at West Coast ports as supply chain disruptions worsen
The number of cargo ships awaiting to dock at West Coast ports has increased recently. The backlog has caused supply chain issues and contributed to the higher prices of goods. Truckers in charge of delivering these goods have voiced their frustration, blaming authorities at the ports of Long Beach and Los Angeles. According to truck drivers, a […]
10/12/2021
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By Ramon Tomey
Supply shortages aren’t unintentional – they’re actually planned
Supply chains around the world have been facing shortages in recent months due to several factors. However, book author and blogger Charles Hugh Smith argues that the shortages are actually intended to increase the profits of global companies. He adds that the shortages are designed to prevent potential competitors from entering the market and undermining revenue streams. Smith […]
10/12/2021
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By Ramon Tomey
Experts explain the link between labor shortages and current supply chain issues
The ongoing congestion at ports in the U.S. West Coast has contributed to delivery delays and product shortages ahead of the holiday season. Labor shortages also contribute to the problem, with not enough port workers available to help unload goods from containers. As such, two shipping experts have sat down to talk more about the […]
10/12/2021
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By Ramon Tomey
Price of ship fuel now highest it’s ever been since 2014
The surging cost of marine fuel is making shipping more expensive and adds to the woes of an industry already battered by supply chain issues. Shipping industry intelligence service Alphatanker warns that the price of marine bunker fuel is about to soar. It adds that the price spike impact 3.5 percent high-sulfur fuel oil (HSFO) and 0.5 […]
10/08/2021
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By Ramon Tomey
Expert: US could approach “high-inflation era” soon
An economic expert has warned that the U.S. may be nearing an era with high inflation rates. Capital Economics Chief Market Economist John Higgins claims that inflation will remain “significantly higher on average” over the next decade. His forecast comes amid different economic issues plaguing various parts of the world that threaten to increase prices. […]
09/30/2021
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By Ramon Tomey
Amid shortage in the UK, thieves drill holes in cars to steal fuel
Fuel shortages in the U.K. have prompted many to rush to gas stations to fill their vehicle tanks to the brim. The shortages come amid panic-buying by Britons and a dearth of truck drivers to deliver fuel to gas stations. However, some criminals have resorted to drilling holes in the fuel tanks of parked vehicles […]
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