supply chain News

Major Outage at Amazon Disrupts Businesses Across the US

A major outage in Amazon’s cloud computing network Tuesday severely disrupted services at a wide range of U.S. companies for more than five hours, the latest sign of just how concentrated the business of keeping the internet running has become. …

Alcohol and Auto Parts: Canada’s Warehouses Fill Up as Floods Stop Flow of Goods

OTTAWA — Canada’s warehouses are filling up with everything from furniture to alcohol, after floods in British Columbia washed out critical rail and road lines, disrupting already strained supply chains. A week after a phenomenon known as an atmospheric river …

Floods Top of Mind as Canadian PM Trudeau Outlines Priorities to Parliament

OTTAWA — Canadian Prime Minister Justin Trudeau will add rebuilding from British Columbia’s devastating floods to his list of priorities when he outlines plans on Tuesday for the new parliamentary session, which include firmer measures to fight climate change. Trudeau’s …

“Flashing Red”: Finance System Grows More Dangerous – Allianz CEO

FRANKFURT — Allianz Chief Executive Officer Oliver Baete said on Thursday that the financial world was getting more dangerous, not safer, setting an ominous tone for investors. Baete, who oversees one of the world’s largest insurers and asset managers, pointed …

‘Desperate For Tires.’ Components Shortage Roils US Harvest

CHICAGO — Dale Hadden cannot find any spare tires for his combine harvester. So the Illinois farmer told his harvest crew to avoid driving on the sides of roads this autumn to avoid metal scraps that could shred tires. New …

Global Supply Disruptions Could Still Get Worse, Central Bankers Warn

FRANKFURT –Supply constraints thwarting global economic growth could still get worse, keeping inflation elevated longer, even if the current spike in prices is still likely to remain temporary, the world’s top central bankers warned on Wednesday. The disruptions to the …

Shipping Snags Prompt US Firms to Mull Retreat From China

WASHINGTON — Game maker Eric Poses last year created The Worst-Case Scenario Card Game, making a wry reference to the way the coronavirus had upended normal life. He had no idea. In a twist that Poses never could have predicted, …

Global Supply Chains Buckle as Virus Variant and Disasters Strike

LONDON/BEIJING — A new worldwide wave of COVID-19. Natural disasters in China and Germany. A cyber attack targeting key South African ports. Events have conspired to drive global supply chains towards breaking point, threatening the fragile flow of raw materials, …

How Pandemic Effects on Supplies, Shipping Compound Wildfire States’ Insurance Woes

A perfect storm appears to brewing for homeowners and property insurers in the drought-plagued, wildfire-riddled U.S. West – and as odd as it may sound, the trouble may have begun with the pandemic. Property insurance rates and availability for homeowners …

Stung By Pandemic and JBS Cyberattack, U.S. Ranchers Build New Beef Plants

U.S. cattle ranchers and investors are sinking hundreds of millions of dollars into new beef plants after temporary closures of massive slaughterhouses at the start of the COVID-19 pandemic left farmers with nowhere to send animals destined to be turned …