supply chain News

FDA Chief Struggles to Explain Slow Response on Baby Formula

The head of the Food and Drug Administration faced bipartisan fury from House lawmakers May 25 over months of delays investigating problems at the nation’s largest baby formula plant that prompted an ongoing shortage. FDA Commissioner Robert Califf laid out …

Average Age of US Cars Hits Record 12.2 Years in Fifth Straight Annual Increase

Cars on US roads are as old as they’ve ever been, potentially complicating efforts to expand the use of new safety and emissions-reduction technologies. The age of light vehicles domestically is now 12.2 years on average, up almost two months …

FDA Says Abbott Baby Formula Plant on Track to Reopen in 1-2 Weeks

Abbott Laboratories and the U.S. Food and Drug Administration are on track to reopen Abbott’s baby formula manufacturing plant in Sturgis, Michigan, within one or two weeks, FDA Commissioner Robert Califf said on Thursday. Abbott, the biggest U.S. supplier of …

Global Supply Stress Worsened in April, NY Fed’s Index Shows

Stress on global supply chains worsened in April as coronavirus lockdown measures in China and the war in Ukraine lengthened delivery times, and air freight costs between the United States and Asia rose, the New York Federal Reserve reported in …

Global Supply Chain Woes Worsen, With Major Ports Facing Long Delays: Report

Global supply chain problems look to set to worsen, a new report published on Tuesday said, as China’s COVID-19 lockdowns, Russia’s invasion of Ukraine and other strains cause even longer delays at ports and drive up costs. The study by …

U.S. Solar Industry Warns of Slowdown Due to Supply Chain Disruptions, Tariff Uncertainty

The U.S. solar industry is warning of a big slowdown in project installations this year as global supply chain disruptions and the threat of new U.S. tariffs on panel imports from Southeast Asia hit home. U.S. power company Southern Co. …

U.S. Trucking Downturn Foreshadows Possible Economic Gloom

Craig Fuller monitors millions of transactions between U.S. truckers and their customers as chief executive of transportation data company FreightWaves – and he does not like what he is seeing. There has been an unexpectedly sharp downturn in demand to …

U.S. Supply-Chain Pressures Soar to a Record, Index Shows

A measure of U.S. supply-chain pressures rose to a record, adding to already stiff inflationary headwinds from logistics amid dwindling warehouse space and unprecedented inventory costs. The Logistics Managers’ Index, released Tuesday, advanced for a third straight month in March, …

Logistics Giants Hedge Their Bets in Uncertain U.S. Self-Driving Truck Race

U.S. self-driving truck companies have a golden opportunity in the form of a nationwide driver shortage, but their robot drivers still are not ready and neither are their biggest potential customers. The uncertainties surrounding autonomous trucking come at a critical …

Moody’s ESG Notes ‘Death and Destruction’ from Climate Change

A new report from Moody’s ESG Solutions drives home the point that climate change is here and now, and it is already causing death and destruction. The report from Natalie Ambrosio Preudhomme, assistant vice president-outreach & research, for Moody’s ESG …