A shopper walks past a Xiaomi store in Shanghai last year. Retail business this year has been hurt … [+] by Covid lockdowns. Photographer: Qilai Shen/Bloomberg © 2021 Bloomberg Finance LP Xiaomi...
Tag: Shortage
‘A dereliction of duty:’ U.S. lawmakers grill FDA commissioner over baby formula shortage
Robert Califf testifies during the Senate Health, Education, Labor and Pensions Committee hearing on the nomination to be commissioner of the Food and Drug Administration on Tuesday, Dec. 14, 2021. Bi...
Biden invokes Defense Production Act to boost baby formula manufacturing to ease shortage
President Joe Biden on Wednesday invoked the Defense Production Act to increase baby formula manufacturing to ease a nationwide shortage caused by the closure of a key plant in Michigan. Biden is requ...
Baby formula shortage is bringing out scammers, FTC warns
Sod Tatong | Moment | Getty Images Scammers are exploiting a nationwide baby formula shortage, tricking consumers into paying hefty prices through fraudulent online stores, the Federal Trade Commissio...
Abbott Strikes Deal With FDA To Reopen Baby Formula Plant At Center Of National Shortage
Topline Abbott Laboratories has reached an agreement with the Food and Drug Administration to reopen its baby formula plant in Sturgis, Michigan, the company announced Monday, raising hopes that a nat...
Walmart Anticipates a Store Manager Shortage Despite $200,000-a-Year Pay
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Bette Midler Tweets ‘Try Breastfeeding, It’s Free,’ Amidst Baby Formula Shortage, Here’s The Reaction
On May 12, singer and actress Bette Midler tweeted, “TRY BREASTFEEEDING! It’s free and available on … [+] demand.” The result was a bit of a feeding frenzy on Twitter. (Photo by SAMUEL CORUM/AFP...
U.S. pilot shortage forces airlines to cut flights, scramble for solutions
Airline pilots walk through the Ronald Reagan Washington National Airport on December 27, 2021 in Arlington, Virginia. Anna Moneymaker | Getty Images The United States is facing its worst pilot shorta...
Here’s How The Biden Administration Plans To Tackle The Baby Formula Shortage
Topline The White House announced new actions Thursday to make baby formula more available, as a major shortage leaves parents struggling to find food for their infants due to inflation, supply chain ...
U.S. to boost baby formula imports to ease shortage after Abbott Nutrition recall
Baby formula is offered for sale at a big box store on January 13, 2022 in Chicago, Illinois. Scott Olson | Getty Images The U.S. will increase baby formula imports as part of an effort to ease a nati...
‘No Chips, No Music’ Says GM And BMW As Semiconductor Shortage Silences Apple CarPlay And Android Auto
GigaFactory (Photo by Patrick Pleul / POOL / AFP) (Photo by PATRICK PLEUL/POOL/AFP via Getty Images) POOL/AFP via Getty Images To learn how to improve your results in the market dramatically by buying...
Ford reports smaller sales decline in April while chip shortage weighs on supply
Ford F-150 Lightning pickup trucks sit on the production line at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images DETROIT – Ford Motor on We...
Intel, microchip shortage extended to 2024
According to Intel, the problem of microchip production and the supply of raw materials required to produce them will have to wait until 2024, not 2023 as predicted. Intel and the shortage of raw mate...
Biden administration announces $3.1 billion for America’s battery shortage
The White House announced $3.16 billion is on the way to help with the battery shortage in America. The money, which will come from funds in the recently enacted Bipartisan Infrastructure Law, was ann...
Wheat supplies may retract 10-50% hinting at an upcoming global food shortage
Even more food shortages may be on the way as a result of the recent heatwaves in India destroying wheat yields. India was supposed to increase its exports to offset the shortfalls caused by Russia’s ...
Nvidia, AMD, Semiconductor Stocks Hit Despite Chip Shortage
Shares of the major semiconductor producers have been heavily pressured even in the face of strong and broad demand for chips. The shares of Nvidia (NVDA) – Get NVIDIA Corporation Report, Advan...
Two-thirds of senior executives in Hong Kong, mainland China expect pay rise due to talent shortage, KPMG survey shows
A shortage of talent may present a difficulty for hiring managers, but it’s good news for senior executives in Hong Kong and mainland China, two-thirds of whom across all sectors anticipate a pa...
Kaiser Permanente Is Investing $400 Million To Create More Affordable Housing
Kaiser Permanente is one of the country’s largest healthcare organizations, well known for its integrated care networks, advanced medical services, commitment to cutting-edge healthcare technology, an...
Rivian CEO Warns of Looming Electric-Vehicle Battery Shortage
NORMAL, Ill.—Rivian Automotive Inc. Chief Executive RJ Scaringe is warning that the auto industry could soon face a looming shortage of battery supplies for electric vehicles—a challenge that he says ...
Unprecedented Helium Shortage Could Send Prices Sky-High
Worth 100x more than natural gas, the shale boom has taken on a new angle for exploration and production, with the critical level of helium supplies igniting a land rush that could determine the futur...
Ford’s first quarter sales fall 17% as automaker battles chip shortage
An employee works on the 40 millionth Ford Motor Co. F-Series truck on the assembly line at the Ford Dearborn Truck Plant on January 26, 2022 in Dearborn, Michigan. Jeff Kowalsky | AFP | Getty Images ...
Bricktrade: The Solution to the Global Housing Shortage
Place/Date: – March 30th, 2022 at 4:23 pm UTC · 4 min read Source: Bricktrade Photo: Bricktrade It is not a surprise that inadequate housing has reached a critical point around the world. Accord...
LNG Vessels Idling Off Top Exporter Qatar Worsen Global Shortage
(Bloomberg) — The number of empty liquefied natural gas tankers outside one of the world’s biggest exporters of the fuel has risen to the highest in almost a year, exacerbating a global shortage...
GM to halt pickup truck production in Indiana due to chip shortage
Trucks come off the assembly line at GM’s Chevrolet Silverado and GMC Sierra pickup truck plant in Fort Wayne, Indiana, July 25, 2018. John Gress | Reuters DETROIT – General Motors will halt pi...
China Auto Billionaire’s Geely Sees No End To Chip Shortage That Cut ’21 Profit
Li Shufu, chairman of Zhejiang Geely Holding Group. Photographer: Qilai Shen/Bloomberg © 2018 Bloomberg Finance LP Geely Automobile Holdings, the China automaker controlled by billionaire Li Shufu, sa...
Skills Shortage Looming Over Production Studio Expansions
LOS ANGELES, CALIFORNIA – FEBRUARY 25: Film crews work on the set of My Name is Earl, with actors … [+] Jason Lee (Earl), Ethan Suplee (Randy) and actress Alyssa Milano (Billie) as they sh...
JPMorgan says labor shortage requires unconventional hiring
JPMorgan Chase says that companies can deal with global labor shortages in part by tapping the neurodiverse and people with criminal backgrounds. The New York-based bank has hired thousands of people ...
BMW says 2021 profit surged as it favored higher-margin vehicles during chip shortage
Spencer Platt | Getty Images News | Getty Images German automaker BMW AG said Thursday its revenue and net profit hit all-time highs in 2021, despite increased spending on research and development rel...