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Here’s Why Commercial Food and Supplies Aren’t Making it to Your Grocery Store

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With most Americans now banned from eating in restaurants or going to many businesses where they might consume products, they are attempting to find those products at their local groceries for home consumption. Despite reports of vegetables being plowed under and milk being poured out by farmers who can't sell them, Americans instead find bare shelves. Jennifer Smith explains why in The Wall Street Journal: Images of empty supermarket shelves—while farmers dump milk and other foodstuffs—are delivering a stark lesson in the challenges of shifting goods from commercial to consumer supply chains … [Read more...]

Chinese Jeans Shipments to America Plummet

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Arthur Friedman reports that shipments of denim jeans to America from China have plummeted by 63% in the first two months of 2020. He writes: U.S. denim imports were down significantly in the first two months of the year, and March portends to be nothing short of a disaster. U.S. companies imported 14.32 percent less blue denim apparel–97 percent of which is jeans–for the year to date through February for a value of $497.08 million. The drop-off was led by a 63 percent decline from China to $55.77 million, as factories shut down as coronavirus swept through the country. Many of those … [Read more...]

Japan Paying its Corporations to Leave China

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The Japanese government wants its corporations to diversify their supply chains away from China. The government is offering to pay businesses to do just that. The preferred method is to bring business back to Japan, but the government will even pay some firms to move their Chinese operations into other countries. South China Morning Post reports: Japan has earmarked US$2.2 billion of its record economic stimulus package to help its manufacturers shift production out of China, as the coronavirus disrupts supply chains between the major trading partners. The extra budget, compiled to try to … [Read more...]

Easyjet Grounds its Entire Fleet

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Graeme Paton reports for The Times that Easyjet has grounded its entire fleet of jets in response to coronavirus. He writes: Easyjet has grounded its entire fleet because of the coronavirus pandemic as speculation mounted that crisis-hit airlines will seek Treasury bailouts to avoid complete collapse. The budget airline, which carried 96 million passengers last year, said that it would park all 344 of its planes and temporarily lay off cabin crew to remove “significant costs”. It said that there was “no certainty” for the date of restarting commercial flights. Easyjet is the first of … [Read more...]

Airlines Put Unused Passenger Planes to Work

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Passenger airlines are finding a new use for all their currently unused jets, freight shipping. Jennifer Smith reports at WSJ: The coronavirus pandemic is reshaping global airfreight operations as passenger airlines ground planes and companies scramble for capacity to keep medical supplies, industrial parts and high-demand consumer goods moving. Some airlines are putting passenger planes to work as freight-only aircraft, with main cabins empty and cargo holds filled with shipments. The tactic provides some revenue for carriers hit hard by plunging travel demand and may help ease freight … [Read more...]

Walmart Expands Private Trucking Fleet

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Walmart, already one of America's biggest trucking fleet owners, is planning to expand its fleet with 500 more drivers in the next few months. CCJ's James Jaillet reports: Walmart Transportation, which last year aggressively grew its private fleet by 900 drivers, hopes to continue that growth this year by adding another 500 drivers in the coming months. The fleet’s expansion is meant to serve a two-fold purpose: To keep up with demand from the retail giant’s sales growth both in stores and online and to bring more of its transportation needs in house — and away from the for-hire … [Read more...]

Will Democrats Cripple Silicon Valley Growth Machine?

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For decades Silicon Valley has been America's growth engine, but increasingly, Democratic candidates seem eager to cripple the tech industry in the name of fighting income inequality. Kiran Stacey and Kadhim Shubber report in FT: The race for the Democratic presidential nomination has fuelled trepidation in Silicon Valley, as arguments for breaking up the world’s largest tech companies gain traction among the field of candidates. Both Bernie Sanders, who won the New Hampshire primary, and his fellow progressive Elizabeth Warren, have called for a break-up of America’s largest technology … [Read more...]

Japan Hit Hard by Sales Tax Hike. Second Punch from Coronavirus on its Way

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Japan's economy was hit hard by the increase of its sales tax to 10% in the fourth quarter. The impact helped drive Japan's GDP to an annualized loss of 6.3%, nearly double the worst estimate. Lining up to hammer the economy in the first quarter is the impact from the COVID-19 coronavirus emanating from nearby China. Megumi Fujikawa reports for The Wall Street Journal: Following a dismal final quarter of 2019, Japan’s economy is facing the risk of a recession because the coronavirus outbreak is hurting tourism and production, while Germany’s central bank called on the government in Berlin to … [Read more...]