Toyota has largely remained free of production issues caused by the global semiconductor shortage, a result of the company’s exhaustive monitoring of small suppliers.
Renesas Electronics will resume production of semiconductor chips by April 19 at its Japanese factory that suffered a fire last month, although production is not expected to reach pre-fire levels until late June.
Monthly imports into major U.S. ports are expected to remain above 2 million TEUs through the summer.
Egypt won’t release the massive container ship that blocked the Suez Canal until its owners agree to pay as much as $1 billion in compensation. Disruptions in the global supply chain caused by the blockage are expected to last for several months, industry officials predict.
Knight-Swift Transportation joined a growing number of trucking companies raising driver pay.
High demand and rising wood and steel costs are driving up wooden shipping pallet prices, which could rise as much as two-thirds this year, creating a share-shift opportunity for more expensive and more durable plastic pallets.
Logistics conditions remain strained, with trucking demand exceeding availability and continued congestion at ports due in part to operating challenges related to the pandemic. Clients are advised to provide expanded lead times on orders to help ensure delivery dates.
New COVID-19 cases in the U.S. rose to 79,878 yesterday, with 1,000 deaths. Over 174 million vaccine doses have been administered, with 18.7% of the population fully vaccinated.
Two mass-vaccination sites in North Carolina and Colorado closed temporarily this week after reporting adverse effects in some patients who received Johnson & Johnson’s single-shot COVID-19 vaccine.
Travel-nurse wages rose 25% since last April as COVID-19 surged and hospitals required more temporary help.
U.S. nursing home occupancy reached a record low in the first quarter after a year’s worth of COVID-19 made the facilities among the most dangerous for elderly people.
Many cruise lines, fed up with waiting, are ditching the U.S. entirely and moving to offshore ports around the Caribbean to prepare for an expectedly busy summer season. Florida, normally a hub of cruise operations, is suing U.S. health authorities to force the restart of sailings.
The world’s largest online travel agency is pushing for vaccine passports, arguing the passes would make it safer and easier to travel as the spread of virus mutations quickens.
Three major U.S. air carriers, Southwest Airlines, American Airlines and United Airlines, will ground some of their 737 Max jets after Boeing cited a wiring issue affecting the planes.
Airbus reported slightly higher deliveries of 125 aircraft in the first quarter.
The S&P 500 closed at a record high on Thursday after the Federal Reserve signaled continued support for the U.S. economy. The news also pushed European stocks to record highs.
The central bank’s chairman warned that slow vaccine rollouts outside the U.S. pose a key threat to the nation’s economic outlook.
Global spending on information technology is expected to rise 8.4% to $4.1 trillion this year, with many businesses bolstering their videoconferencing and digital collaboration tools.
Global aluminum prices are off to their best start in four years, as the U.S. recovery drives demand for a range of goods that require the lightweight metal.
The White House is prepping to issue a new directive that will require some businesses to provide climate disclosures, a move that is expected to decrease investment in companies that are not considering long-term environmental risks.
Netflix has reached a multiyear agreement with Sony Pictures for domestic streaming rights to the studio’s movies, a significant development in the shift toward streaming and home entertainment.
Brazil recorded 4,249 COVID-19 deaths on Thursday, a record, as the nation’s overwhelmed hospitals run low on supplies and lawmakers begin a probe into the nation’s response to the pandemic.
In France, the number of people in ICUs with COVID-19 fell yesterday for the first time in eight days, declining by 24 to 5,705.
Indian lawmakers rejected calls to offer COVID-19 vaccinations to younger people to help contain a record surge in cases.
Canada’s COVID-19 vaccine rollout has been among the slowest of major economies, with one or more doses provided to about 16% of its population compared to 32% in the U.S., 47% in the U.K. and 61% in Israel.
Restrictions on AstraZeneca’s beleaguered COVID-19 vaccine are piling up as more data emerges about extremely rare blood-clotting side effects.
Australia is guiding against giving the shot to people under the age of 50, while the nation doubled its order of Pfizer/BioNTech vaccines to make up for the loss.
The Philippines limited use of the shots to people over age 60, while the African Union dropped plans to buy the shot.
Costa Rica became one of the only countries to allow use of the shots without restrictions.
China’s ambitious plan to vaccinate 40% of its population — roughly 560 million people — by the end of June is being threatened by supply shortages, leaving many people unable to book their second shots.
The resurgent U.S. economy contrasts sharply with the prospects for many low- and middle-income countries, which are not set to receive large vaccine shipments until next year at the earliest. The pandemic has deepened global inequality, fueled political polarization in many countries and served as a pretext for authoritarian regimes to crack down on political opposition, trends confirmed by the U.S. government in a recent intelligence report.
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