From zippers to glass, shortages of basic goods hobble U.S. economy

FLETCHER, N.C. (Reuters) – For Lauren Rash, it’s the little things that have snarled production at her tent factory here, like the many shades of black Velcro.Diamond Brand COO Lauren Rash stands in an aisle of shelves with stockpiled parts as the ‘lean’ supply management has been upended by global shortages and bottlenecks, at Diamond… Continue reading From zippers to glass, shortages of basic goods hobble U.S. economy

COVID-19: Shortages and ‘pingdemic’ punish economy as growth slows to just 0.1% in July

Coronavirus measures that forced scores of workers to self-isolate contributed to a bigger than expected slowdown in economic growth in July, according to the UK’s largest business lobby group. The CBI issued its verdict after the Office for National Statistics (ONS) charted a rise in output of just 0.1% over the month following a 1%… Continue reading COVID-19: Shortages and ‘pingdemic’ punish economy as growth slows to just 0.1% in July

Skilled Workers Are Scarce, Posing a Challenge for Biden’s Infrastructure Plan

One estimate says the bill would add $1.4 trillion to the U.S. economy over eight years, but without enough workers, efforts to strengthen roads and public transit could be set back. By Madeleine Ngo WASHINGTON — The infrastructure bill that President Biden hopes to get through Congress is supposed to create jobs and spur projects… Continue reading Skilled Workers Are Scarce, Posing a Challenge for Biden’s Infrastructure Plan

Relax immigration rules to fix jobs squeeze, companies urge UK

LONDON (Reuters) – Britain must relax its new immigration rules to allow in more foreign workers and ease labour shortages caused by the coronavirus pandemic and Brexit, a leading employers group, the Confederation of British Industry, said on Monday.FILE PHOTO: People walk during the morning rush hour in the financial district of Canary Wharf amid… Continue reading Relax immigration rules to fix jobs squeeze, companies urge UK

Fed says shortages of materials, hiring problems holding back recovery

Bank of America vice chair: Fed being ‘proactive’ by signaling rate hike Keith Banks reacts to the Federal Reserve forecasting a rise in interest rates on ‘Maria Bartiromo’s Wall Street’ WASHINGTON – Shortages of materials and "difficulties in hiring" are holding back the U.S. economic recovery from the coronavirus pandemic and have driven a "transitory"… Continue reading Fed says shortages of materials, hiring problems holding back recovery

Supply shortages hit Britain’s booming building industry

Strongest growth in sector for more than 20 years but firms facing longer lead times and higher prices for components Last modified on Tue 6 Jul 2021 06.32 EDT Britain’s booming construction sector is suffering from severe supply chain bottlenecks as it experiences the strongest growth in almost a quarter of a century, the latest… Continue reading Supply shortages hit Britain’s booming building industry

Gas shortages live updates – Nearly 90% of Washington, DC's stations are OUT of fuel because of panic-buying after hack

THERE are only about one out of 10 gas stations in Washington D.C. that still has gas after a massive panic-buy ensued following the gas shortage due to the Colonial Pipeline hack. By late afternoon on Friday, over 80 percent of gas stations in DC, almost half of those in Virginia, and about 40 percent… Continue reading Gas shortages live updates – Nearly 90% of Washington, DC's stations are OUT of fuel because of panic-buying after hack