Supply chain

Thanksgiving Will Be More Expensive This Year: Farm Bureau

Overall, a Thanksgiving dinner, including a turkey and all the different side-dishes, will cost between 4 percent and 5 percent more in 2021 than in 2020, Veronica Nigh, senior economist at the American Farm Bureau Federation said.

The Epoch Times

Shipping Problems to Persist Through 2022 Amid Supply Chain Crisis: Economists

Roughly 77 ships are currently waiting outside docks in the Ports of Los Angeles and Long Beach, California, carrying a staggering $24 billion worth of goods waiting to be offloaded, CNBC reported, citing economists at Goldman Sachs.

The Epoch Times

Unilever Hikes Prices Fastest In Nearly a Decade Amid Inflationary Pressure: Report

Unilever said that in the third quarter it increased prices by 4.1 percent to "offset rising commodity and other input costs."

The Epoch Times

'People Are Hoarding': Executives Issue Warning on Possible Food Shortages

Some executives are issuing warnings that there might be food shortages nationwide due to supply chain bottlenecks.

The Epoch Times

US Retail Sales Reveal Surprise Increase in September Despite Ongoing Supply Shortages

The U.S Census Bureau announced Friday a 0.7 percent increase from August in American retail sales.

The Epoch Times

One of World's Largest Port Operators Warns Global Supply Chain 'Crisis' Will Last Longer Than Expected

Speaking to Bloomberg News, Dubai's DP World Chairman and CEO Sultan Ahmed Bin Sulayem said he expects bottlenecks to continue until 2023. The issues will result in higher costs for shipping goods, he warned.

Texas Factory Activity Sees Solid Expansion but Supply Chain Woes Worsen

The production index rose to a reading of 24.2 in September, up 3.4 percentage points from 20.8 in August.

The Epoch Times

Supply Crunch Drives Costco to Reintroduce Buying Limits on Items Like Toilet Paper

Richard Galanti, Chief Financial Executive of Costco, told participants on an earnings call on Sept. 23 that the company was facing supply chain issues and inflationary pressures.

The Epoch Times

Shortage of supplies and containers could lead to shortages on Good End and Christmas

Given the shortage of containers that has occurred worldwide since mid-2020, various industrial sectors suffered damages in delivery times and logistics planning.

Nestlé and other brands recall ice cream contaminated with carcinogenic substance

The Froneri ice cream factory accidentally contaminated several batches with ethylene oxide.