Posts Tagged ‘Omicron Variant’

China’s Zero-COVID Policy Could Deal Another Blow to Global Supply Chains, Moody’s Says

Jan 19th, 2022

Beijing has imposed a strict zero-COVID policy since the pandemic began in early 2020. It entails strict quarantines and travel restrictions — whether within a city or with other countries — to control outbreaks. Restrictions aimed at containing Covid-19 have impacted manufacturing and shipping operations globally, exacerbating the supply chain crisis. There have been renewed […]

U.S. Port Delays: Outcome of Holidays Will Determine if Supply Chain Crisis Extends Into 2023, Experts Say

Dec 29th, 2021

With the U.S. past the peak of consumer demand and the winter holidays nearly over, experts say the next couple of months will be critical to determine whether the supply chain crisis brought on by the pandemic will extend into 2023. Aaron Terrazas, director of economic research at Convoy Inc., a digital freight networking company, […]

The History of the Metal Box That’s Wrecking the Supply Chain

Dec 15th, 2021

Behold the simple shipping container. It’s a large, steel box that can carry tens of thousands of pounds of cargo. It’s also stackable and designed to fit on ocean freight ships, trains, and even trucks. These containers have been an unnoticed cog in the world’s highly complex manufacturing network for decades. But not anymore. Thanks […]

Stimulus Update: See What States are Sending Checks in December

Dec 1st, 2021

Millions of Americans are expected to receive stimulus payments around Christmastime by way of their local state governments. Some states issue their own stimulus checks, and others are even providing universal basic income payments. See if your state is sending a stimulus payment in December. California has been sending checks via its Golden State Stimulus […]

Powell to Tell Senate Omicron Variant Poses Downside Risk to Economy, Complicates Inflation Picture

Dec 1st, 2021

Federal Reserve Chairman Jerome Powell believes that the omicron variant of Covid-19 and a recent uptick in coronavirus cases pose a threat to the U.S. economy and muddle an already-uncertain inflation outlook. Worries over the new variant could “reduce people’s willingness to work in person, which would slow progress in the labor market and intensify […]