COVID outbreaks in developing nations complicate supply chains
July 28, 2021
Factories in countries including Bangladesh and Vietnam are having to shut down due to the spread of the novel coronavirus pandemic. Manufacturing interruptions are further complicating the distribution of products to markets around the world. “Whatever the new normal is, it will happen a lot later than people assume,” Marc Bitzer, Whirlpool CEO, said last week. “Everybody hopes for [the] new normal to be next quarter. It’s not going to be.”
Recent News
Tesla Recalls Cybertruck Due to Stuck Accelerator Pedal
Tesla is recalling almost 4,000 Cybertrucks due to a sticking accelerator pedal. The problem stems from an unauthorized lubricant used during assembly, which reduces the pad’s grip on the pedal.
Trader Joe’s Recalls Organic Basil Product Linked to Salmonella Outbreak
The company’s Infinite Herbs Organic Basil product is recalled due to a possible salmonella contamination.
Procter & Gamble Reports Mixed Results After Price Hikes
Procter & Gamble’s recent quarterly results showed a mix of gains and setbacks. Despite facing challenges in attracting shoppers due to increased prices over the past two years, the company managed to exceed earnings expectations.
JetBlue and Southwest Airlines Collision Narrowly Avoided at Reagan National Airport
An air traffic controller instructed one plane to cross the runway at the same time a second plane was taking off.