‘Snowball effect’:The global reasons why you can’t buy what you want right now
Nearly two years into the Covid pandemic, the virus that has infected millions and killed hundreds of thousands of Americans continues to disrupt the powerful supply chain that moves goods from factories to U.S. homes.
The problems seem endless and varied — creating headaches for manufacturers down to consumers. To read the full article from NBC News click here.
Indiana schools look for alternatives with lunchroom staples limited by pandemic
In a letter to families this week, Indiana School District, Noblesville Schools let them know supply chain issues are causing problems in the lunchroom, which means lunches will have much less variety than normal. Click here to read the full article.
Problems in the supply chain are showing up in many areas — from companies not producing enough product, to delivery delays and a shortage of workers in the trucking and warehousing industries. Keeping properly stocked with food is a particular issue for schools — and for food banks and pantries, which have seen spikes in hunger due to the pandemic. Click here to read the full article.
Millions of people quit their jobs in the ‘Great Resignation.’ Here is why it may not last long
Reports of the so-called Great Resignation may have been exaggerated. Over the past several months, a rapidly growing number of Americans left their jobs — more than 4.4 million in September, the most recent month for which data is available. During that time, much of the narrative has focused on burned-out employees stomping out of their jobs — the “Big Quit” as some of have put it, in which workers are demanding higher wages, better working conditions and more mobility. Click here to read more from CNBC.
Transportation Secretary Pete Buttigieg on supply chains: 'There will be disruptions'
Transportation Secretary Pete Buttigieg told Yahoo Finance Live supply chain bottlenecks at the country's major ports will likely persist for the foreseeable future. The supply chain bottlenecks triggered by the pandemic continue to have multiple effects on the U.S. economy. Click here to read the full article from Yahoo Finance.
The Kellogg Co. has filed a lawsuit against its local union in Omaha complaining that striking workers are blocking entrances to its cereal plant and intimidating replacement workers as they enter the plant. Read more about Kellogg's here.
Prices shoppers paid for groceries climbed 1% in October from September and were 5.4% higher than at the same time last year, according to data released Wednesday by the Bureau of Labor Statistics. Overall, prices, which also include things like rent, cars and energy, climbed 6.2%, over the last 12 months, the largest increase since 1990. Click here to read the full CNN Business article.
U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years
Inflation across a broad swath of products that consumers buy every day was even worse than expected in October, hitting its highest point in more than 30 years, the Labor Department reported Wednesday. The consumer price index, which is a basket of products ranging from gasoline and health care to groceries and rents, rose 6.2% from a year ago, the most since December 1990. Click here to read the full article from CNBC.
Restaurants Face New Challenge: A shortage of take-out containers and coffee cups
Consumers are returning to restaurants in droves, but continued demand for takeout is exacerbating shortages of items like plastic straws, coffee cups and to-go containers.
Snarls in the global supply chain have been rippling across the economy for months as the health crisis has created bottlenecks and other new challenges for companies. Click here to read the full article from CNBC.
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