Not that the headline above is telling you anything new amid a global Pandemic and a global supply chain crunch. Since the pandemic started, shipping container costs have surged 5x reaching a record high. Professor Scott Galloway explains what’s happening with shipping costs in this video.
General Motor’s introduce their B2B electric vehicle brand, BrightDrop, back in January 2021. At the time, they also announced a deal to supply Fedex with these new electric vehicles. Fast-forward to this January 2022, BrightDrop announced another deal with Walmart for 5,000 electric vehicles. In addition to last year’s deal with Fedex, Fedex also announced…
The on-going chip shortage has been covered extensively throughout 2021 and now into 2022. Many manufacturers from automobiles, computers, to musical instruments have all been negatively affected by the chip shortage and supply issues. However, Tesla, led by Elon Musk, has managed to overcome many of the supply chain issues and boost deliveries by 87%….
If you’ve tried to buy furniture at all in the last year, you’ll know the frustrations of customers having to wait months for any kind of delivery date. Add in the global supply chain challenges, it has been a perfect storm for supply chains around the world. So, inevitably, prices were going to be increasing….
As countries start moving from gas-powered vehicles to electric vehicles, the demand for lithium will soar even more than it is now. Currently, the Earth isn’t short on Lithium, but Lithium miners are having a hard time keeping up with current demand. In this interview with CEO of Benchmark Mineral Intelligence, Simon Moores, he explains…
It’s been well-documented about the global chip shortage which affected (and continues to affect) supply for automobiles, appliances, computers and pretty much anything that runs on electricity. Enter the latest player: Amazon’s AWS (Amazon Web Services). Mostly known for their cloud services offering, AWS is now entering the chip game. Promoting their chips as cheaper,…
The Port of Vancouver (in the province of British Columbia) is Canada’s largest shipping port and North America’s fourth largest port. In the past week, the province of B.C. experienced extreme flooding causing casualties, loss of livestock and shut down major highways and railways that connect B.C. to the rest of Canada. The extreme flooding…
The global supply chain crisis isn’t just limited to the problems at shipping ports, but also due to the shortage of truck drivers to transport those containers and shipments. Could the answer be in autonomous trucks? While this isn’t new, the current supply chain crisis could accelerate the presence and adoption of autonomous trucking. In…
With the logjam at major shipping ports around the world creating bottlenecks in the global supply chain, some companies have tried diverting to smaller ports. But they’re finding this is not going to be a solution going forward, as these smaller ports don’t have the space nor the labour to handle sudden surges in containers….
Thought restaurants, furniture, chipmakers and groceries were experiencing all the “fun” with the current supply chain woes? The aviation industry gets to enjoy the “fun” too. The aviation industry was already hit hard due to COVID and travel restrictions. Now that travel restrictions are slowly being relaxed and travel starting to surge, the industry is…