US productivity dropped to its lowest level in 40 years
Here’s one data point ahead of the October jobs report: US labor market productivity fell dramatically in the third quarter of the year, dropping to its lowest level in 40 years.
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Supply Chain
China’s factories are still struggling with the energy crunch and supply woes
China’s big factories just had their worst month since the Covid-19 pandemic began, underscoring the scale of the slowdown in the world’s second largest economy and the supply challenges facing their customers.
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CNN/Moody’s study: Vaccines help U.S. economy, supply chain disruptions holding it back
Covid continues to loom over the US economy, but economic activity is nonetheless inching closer to its pre-pandemic strength, helped in large part by people returning to their offices.
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Challenges of COVID-19 supply chain have given boost to several NC businesses
A number of North Carolina-based businesses linked to the biopharmaceutical supply chain have seen their fortunes improve – in some cases markedly – as demand for medical products and services has intensified. It’s a trend that promises to continue as the country shrugs off the most severe effects of the pandemic, but faces new challenges from the Delta variant and the unpredictable nature of COVID-19. Here’s a look.
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No signs of abatement in supply chain disruptions, Moody’s economists say
From port congestion and price spikes to widespread shortages, stress in US supply chains is intensifying and could slow the economy in the coming months, Moody’s Analytics warns.
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That ‘out-of-stock’ message you’re getting online? Get used to it
Seen an ‘out-of-stock’ message when attempting to place an online e-commerce order? Yeah. Get used to it, a new report says.
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Help wanted: 80,000 truck drivers to fix the supply chain
Truck drivers move 71% of the US economy’s goods, but represent just 4% of the vehicles on the roads. If nothing is done, the latest figures put the industry on track for a shortage of 160,000 drivers by 2030, and the need for 1,000,000 new drivers over the next ten years, according to the American Trucking Associations.
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Kenan Institute: Supply shortages here to stay?
In the wake of the pandemic, global supply chain challenges have driven massive product shortages and rising prices on goods, from cars and building supplies to electronics, medicine and more. Two UNC-Chapel Hill Kenan-Flagler professors weigh in.
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Consumers can’t always get what they want (when they want), and that may be a new normal
Nationwide, consumers are experiencing supply shortages, shipping delays, and difficulty in getting things they want or need in a timely fashion. So, in this pandemic economy, what might these customers start to do?
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