American Trucking Associations' Chief Economist Bob Costello said the current driver shortage has risen to 80,000 – an all-time high for the industry. Read the full article from the American Trucking Association here.
For produce packaging suppliers and shippers, inflation is a fact of life in 2021. “Due to resin increases and transportation increases, we have seen some packaging costs rise upwards of 30%,” said Steve Greenfield, director of sales and marketing for NNZ Inc., Lawrenceville, Ga. “I don’t think this trend will reverse until the middle of 2022.”
Read the full article from The Packer here.
As the world reaches the two-year mark of the COVID-19 pandemic, more items are becoming scarce because of a supply chain shortage across the globe. Supply chain concerns are due to “record-level congestion at the Port of Los Angeles/Long Beach that has spread to the East Coast, the widespread power outages across China, shortages of truck drivers and service workers, and COVID-19-fueled infections and restrictions,” Tinglong Dai, a business professor at Johns Hopkins University, told USA TODAY in an email. Read the full article from USA Today.
Pork, much like everything else these days, has gotten more expensive due in part to the supply chain issues and inflationary pressures spurred by the pandemic. And now comes another wildcard: The pork industry's ability — and desire — to adapt to a new animal welfare law in California, its largest US market. Read the full article from CNN Business here.
According to the Labor Department, wholesale prices jumped 8.3 percent from August of this year compared to August of 2020 -- the biggest gain since the department started tracking those prices more than a decade ago. Click here to read more about the price increases from CBS News.
The restaurant industry’s unemployment rate fell to 7.5% in September but remains well above pre-pandemic levels, providing another worrying sign that the labor crunch isn’t going to disappear anytime soon. Click here to read the full article from CNBC.
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The global supply chain is slowing down at the very moment when Americans are demanding that it go into overdrive. Click here to read the full article from The Atlantic.
The National Restaurant Association has released the 2021 Mid-Year update. The report indicate key industry trends as of June/July and is based on the National Restaurant Association's annual State of the Restaurant Industry Report. It incorporates analysis of the latest economic data and extensive surveys of restaurant operators and consumers. Click here to view the mid-year update.
Seafarers, truck drivers and airline workers have endured quarantines, travel restrictions and complex Covid-19 vaccination and testing requirements to keep stretched supply chains moving during the pandemic. Read more on the supply chain crisis from CNN Business here: https://www.cnn.com/2021/09/29/business/supply-chain-workers/index.html
Last year, American school districts pivoted to accommodate pandemic challenges. The USDA is leaping in with a new round of funding to help schools. Read Washington Post's full article on the supply chain crisis here: https://www.washingtonpost.com/business/2021/09/29/schools-supply-chain-crisis/
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