The administration expects the Port of Savannah, the nation’s third-busiest importer, to be the first to take advantage of a policy change allowing ports to redirect about $8 million in funding to immediately address supply chain challenges, the official said.
Companies from Mondelēz to McDonald's are raising prices to offset higher costs for transportation and because of labor and other problems along the supply chain.
The U.S. economy slowed sharply in the third quarter as the delta variant and persistent supply chain woes weighed on growth. The months ahead should be better.
Some producers can't source glass bottles, the cost to import liquor has gone up, and there is a shortage of truck drivers. Also, it just takes a long time to make some types of booze.
A ransomware attack that shut down several big beef plants is raising concerns about cybersecurity at food companies. Critics say industry consolidation makes the food supply chain more vulnerable.
The U.S. trade deficit is hitting record highs — and it's fueled by a surge in demand for imports, mostly from East Asia. On both land and at sea, the shipping industry is struggling to keep up.
As automakers from General Motors to Volkswagen bet big on an electric future, fears are rising about whether the world's supply of batteries can keep up.
Ford, Stellantis, and now GM again: Auto makers continue to close plants as they reel from a shortage of chips that poses a critical challenge for the sector.
