Our most recent list of force majeure and allocation announcements from suppliers is here.
La Niña, a weather event in the Pacific that breaks with normal trade wind patterns, has strengthened over the past month and is projected to continue through winter in the Northern Hemisphere, causing drier conditions in places like California and Brazil, and also an increased risk of late-season Atlantic hurricanes.
California’s Alisal Fire grew to more than 16,800 acres Thursday with just 11% containment.
Louisiana’s Port Fourchon is operating at just 60% of normal levels more than a month after Hurricane Ida decimated the area.
Texas’ Port of Houston has awarded a $95 million contract to Great Lakes Dredge & Dock Company for the expansion of the Houston Ship Channel.
There are more than 13 loads for every truck at the ports of Los Angeles and Long Beach, a backlog expected to ease following the ports’ switch to 24/7 operations earlier this week.
The rules on the number of deliveries truck drivers can make in the U.K. are set to be relaxed in a bid to tackle supply chain disruptions in the run-up to Christmas.
Spot rates for LNG carriers have jumped 87% in October, significantly outpacing the last two years’ seasonal rises.
A key index of base metals rallied to a record high Thursday, as energy shortages cause manufacturers to curtail output despite growing demand for raw materials.
GM’s China deliveries dropped 19% to 623,000 in the third quarter, as the ongoing chip shortage continues to rattle automakers.
European automakers logged their worst September in more than 25 years due to production cuts caused by the global chip shortage, with new-car registrations dropping 25%.
The aviation industry paid up to 44% more for raw materials in the first half of this year compared to last year, making it harder for corporate plane makers and suppliers to meet resurgent demand.
Over 10% of IKEA’s products are absent from shelves in the U.K., as the company expects supply chain disruptions to continue well into 2022.
Argentina’s government has reached an agreement with retailers in the country to freeze prices on many food and household products for 90 days in a bid to offset rising inflation.
U.S. same-store sales at Domino’s Pizza dropped 1.9% in the last quarter, the company’s first drop in more than 10 years, crimped by a shortage in delivery drivers as the company tries to steer more customers to its carryout business.
Farm machinery maker CNH Industrial will temporarily shut some of its European manufacturing facilities due to supply chain disruptions.
A growing number of Americans are calling for increased transparency from retailers regarding supply chain disruptions amid long-term fears of higher prices, a new survey shows.
An FDA panel preliminarily recommended a half-dose booster shot of Moderna’s COVID-19 vaccine for people over 65 and high-risk adults. The panel will meet today to discuss booster doses of Johnson & Johnson’s vaccine.
A U.S. judge issued a temporary restraining order blocking a COVID-19 vaccine mandate for California prison employees. The state’s Los Angeles and San Diego school districts are also being sued over student COVID-19 vaccine mandates.
U.S. retail sales in September climbed a better-than-expected 0.7% from the prior month and 13.9% from the prior year period.
Nearly 40% of American households say they faced serious financial difficulties in recent months, while about one-fifth have depleted all their savings.
Thirty-year fixed mortgage rates rose to 3.05%, the highest in six months and up from 2.99% last week.
U.S. home foreclosures are rising with the end of certain pandemic bailout measures, with foreclosure starts jumping 32% in the third quarter compared to the second and 67% compared to the same time last year.
Roughly one-third of jobless Americans have been out of work for at least six months, with 1.6 million more long-term unemployed Americans compared to pre-pandemic levels.
Wells Fargo reported a 59% rise in third-quarter profits after releasing funds it set aside for potential pandemic losses. Citigroup saw a 48% third-quarter profit increase after reversing loss reserves.
Morgan Stanley topped expectations for third-quarter earnings, which rose 36% on higher revenues from mergers and acquisitions advising.
Boeing is dealing with a new defect on its 787 Dreamliner, the latest in a series of production slip-ups that have delayed aircraft deliveries and drawn increased U.S. government scrutiny.
Russia reported 31,299 new COVID-19 cases and 986 virus fatalities Thursday, the most since the start of the pandemic.
High-tech computer models predict Auckland, New Zealand’s largest city, will see up to 5,300 COVID-19 cases per week next year, a harrowing forecast after more than a year of some of the world’s strictest lockdowns.
COVID-19 deaths among those under 60 years old in Mexico surpassed those of older Mexicans in the first half of the year, rising to nearly 60% of total deaths in June, a trend seen throughout Latin America.
The U.S. announced it would donate more than 17 million Johnson & Johnson COVID-19 vaccine doses to the African continent.
Japan will set up a $4.4 billion fund to support companies developing vaccines for infectious diseases under a new economic package that aims to strengthen the government’s pandemic response.
Stellantis, GM and Ford will require all employees, contractors and visitors at their Canadian plants to show proof of a COVID-19 vaccine by the end of the year.
M. Holland’s 3D Printing group offers a rapid response alternative for producing selected parts where resin availability is tight during prevailing force majeure. For more information, email our 3D Printing team.
Market Expertise: M. Holland offers a host of resources to clients, prospects and suppliers across nine strategic markets.
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