Plug Power stock fell on Friday after the fuel-cell company said its annual revenue would be lower than expected because of supply-chain problems. Revenue for 2022 will be 5% to 10% lower than the $90...
Tag: Supply Chain
U.S. Suppliers Halt Operations at Top Chinese Memory Chip Maker
BEIJING–U.S. chip-equipment suppliers are pulling out staff based at China’s leading memory-chip maker and pausing business activities there, according to people familiar with the matter, as they grap...
Opinion: Stock markets will drop another 40% as a severe stagflationary debt crisis hits an overleveraged global economy
NEW YORK (Project Syndicate)—For a year now, I have argued that the increase in inflation would be persistent, that its causes include not only bad policies but also negative supply shocks, and that c...
Productivity Plummets For 80% Amid Uncertainty: 5 Ways To Cope
Stress, worry and anxiety are negatively affecting productivity. getty Times are tough and people are increasingly worried about everything from recession and inflation to climate change and global su...
Vast Majority Of Manufacturers Plan Price Increases In 2023, According To New Poll By Forbes, Xometry And Zogby
Most Manufacturers Say They’ll Continue Hiking Prices Into 2023 As Inflation Persists. Inflation has been rising, and if the expectations of manufacturing CEOs is an indication, it’s not going to let ...
What Aston Martin’s Latest Speedster Reveals About The Future Of Automaking
Aston Martin’s newly unveiled DBR22 isn’t just the latest in head-turning V12 sports car elegance. Aston Martin Releases DBR22 with Divergent3D Aston Martin It also represents a milestone in automotiv...
How Profit Inflation Made Your Groceries So Damn Expensive
Price inflation, driven by corporate profits amidst supply chain challenges. getty The Federal Reserve has been raising interest rates at an unprecedented rate. This attempt to tamp down inflation is ...
Gatik Notches Yet Another Major Customer In Pitney Bowes, With Latest Automated Trucking Deployment In Dallas
Gatik’s autonomous class 6 fleet will establish a continuous, operational loop across the Pitney … [+] Bowes e-commerce logistics network in Dallas, making multiple deliveries per day. Gatik Gat...
The Labor Shortage Is Killing American Manufacturing. Here’s How AI Can Bring It Back To Life.
Manufacturing engineer working with an AI-based system. Getty Images/iStockphoto US manufacturing is poised for a significant resurgence. The supply chain debacles caused by the pandemic have shown th...
As Competitors Struggle, Inflation Helps Put Amazon Back On Top
via Shutterstock.com | Employee checking inventory list Copyright (c) 2018 Indypendenz/Shutterstock. No use without permission. As inflation’s bite lingers and big box retailers dig themselves out of ...
Does Government Spending Cause Inflation?
Getty Images Key takeaways Inflation occurs when the cost of goods and services rises over time Several factors contribute to inflation generally, and today’s inflation in particular, including consum...
Do Ultra-Low Rates Cause Ultra-Low Growth?
ILLUSTRATION – A woman points at a website advertising a negative interest rate. Photo: Christian … [+] Charisius/dpa (Photo by Christian Charisius/picture alliance via Getty Images) pictu...
Gatik And Cummins Partner For Powertrain Optimization
Gatik’s automated driving system is being integrated with Cummins’ advanced powertrain solution in … [+] Gatik’s fleet of medium-duty trucks. ©2022 Barth Tillotson Gatik announced today th...
U.S. Companies on Pace to Bring Home Record Number of Overseas Jobs
U.S. companies are bringing workforces and supply chains home at a historic pace. American companies are on pace to reshore, or return to the U.S., nearly 350,000 jobs this year, according to a report...
What a Chinese Blockade of Taiwan Would Mean for Global Business
Beijing considers Taiwan, a democratically ruled island near mainland China, as part of its territory. When U.S. House Speaker Nancy Pelosi visited Taiwan this month to support its government, Beijing...
Doing Business In China Is Getting Harder: U.S.-China Business Forum
Sean Stein Forbes China At the start of 2022, American companies on the ground in China were optimistic about the business outlook, surveys found. Confidence had rebounded to pre-2017 levels, based in...
Matterport Stock Jumps on Better Outlook, Hope for Relief on Parts Shortages
Text size Matterport builds cameras used to take 3-D images. It can take any space—from houses to high-rises—online. Matterport Matterport became the latest tech company to say a shortage of component...
Rivian loses nearly $2 billion in second quarter as expenses mount
Rivian Automotive Inc. late Thursday reported a narrower-than-expected quarterly loss, but called for steeper losses for the year, warned about ongoing supply-chain snags, and saw rising expenses, sen...
Grocery prices in July had largest price increase since 1979 — with one food staple rising by 38% on the year
The rise in the cost of living cooled in July, but not for grocery prices. The price of food at home rose 1.3% from June to July, marking a 13.1% increase compared to last year. It was the largest pr...
Plug Power stock dips after earnings hit by fuel pressure
Shares of Plug Power Inc. dipped in after-hours trading Tuesday after the hydrogen fuel-cell company fell shy of expectations with its latest revenue and earnings. The company recorded a second-quarte...
The CHIPS Act Is A Boon For American Innovation
Last week, both the Senate and the House of Representatives passed the CHIPSHIPS Act, which means all that remains for it to become law is President Biden’s signature — after which $280 billion of fun...
Weekend reads: This may cause the next financial crisis
The Federal Reserve invigorated the economy before and during the coronavirus pandemic by purchasing Treasury bonds. The central bank was the main purchaser of newly issued U.S. debt and created trill...