Shortly after Australia decided to kick Serbian tennis star Novak Djokovic out of the country for being unvaccinated, Serbia has announced that it is cancelling the lithium mining licenses of Australian mining company Rio Tinto. Reuters reports: Serbia revoked Rio Tinto's (RIO.L) lithium exploration licences on Thursday, bowing to protesters who opposed the development of the project by the Anglo-Australian mining giant on environmental grounds. Serbian Prime Minister Ana Brnabic said the government's decision came after requests by various green groups to halt the$2.4 billion Jadar … [Read more...]
Can Drone Forklifts Save the Supply Chain?
Sitting in his chair in an air-conditioned warehouse in the desert, the pilot gently pushes forward on the controls. Despite the high stress, he stays calm. He sees the target and delivers his payload with precision. But this isn't Creech Airforce Base, and he's not maneuvering an MQ-9 Reaper through the skies behind enemy lines. No, instead he's navigating a forklift on the back of a truck in a small American city miles away, dropping off a delivery. At least that's the vision being pursued by Phantom Auto Inc. Jennifer Smith reports in The Wall Street Journal: Two big freight operators are … [Read more...]
Your Survival Guy: Your New Year’s MONEY Resolution
Anyone thinking about a New Year’s money resolution? I remember when I was a kid my dad telling me, “Saving money is like planting a tree. The best time to plant a tree was yesterday. The second-best time is today.” I’d be thinking tomorrow would be just fine too so could go play street hockey. We’d get my change, dump it on the floor, and start feeding quarters, dimes, nickels, and yes, pennies into paper rolls. We’d count the dollar bills, some fives, maybe a ten or twenty and then grab my bank passbook and make the deposit. Counting money, once we got going, was fun, especially after … [Read more...]
SALES SLOW: Inflation, Shortages, Fear, Hurting Retailers’ Sales
Retailers were unhappy to see sales growth slow to only 0.3% growth in November. That's a far cry from October's growth of 1.8%. There are many reasons sales growth is slowing, including summer fears of shortages that led many shoppers to buy early, and stimulus measures that have driven prices for food and gasoline higher, taking away dollars that may have been earmarked for Christmas presents. After months of politicians telling shoppers to "shop early," to avoid shortages, shoppers may simply be done shopping for the season. Gabriel T. Rubin reports in The Wall Street Journal: “If … [Read more...]
Supply Chain Woes Demand a Second Look at Chinese Production
"You product can't get stuck on a cargo ship if it's made in America." That's what critics of America's dependence on Chinese production are saying as cargo ships are lined up off the coast waiting to be unloaded in California. Now companies are grappling with what to do about their problems. Willy Shih discusses supply chain turmoil in The Wall Street Journal, writing: Supply chains as front-page news? That would have seemed unlikely—until the pandemic exposed many of the vulnerabilities in the far-flung networks that connect manufacturers, suppliers and buyers around the globe. At first, … [Read more...]
APPETITE FOR CHANGE? Union’s Deere Strike Strategy Could Be Template for the Future
In an interview with The Wall Street Journal, the new general president of the International Brotherhood of Teamsters, one of America's largest unions, signaled a more aggressive approach to negotiations going forward. Allison Prang reports: WSJ: You’re taking over for one of the country’s biggest unions amid a worker shortage. What do you make of the current environment? Mr. O’Brien: I definitely think it’s encouraging to say the least because we’ve been fighting our entire lives as leaders, as rank-and-file members, to grow our organizations and I think it’s our time. I think there’s a … [Read more...]
Happy Thanksgiving from Young Research!
America Needs More Truckers
The critical link in America's supply-chain struggles is a lack of truckers to move freight. Jennifer Smith reports at The Wall Street Journal: A critical, often-overlooked link in the supply chain is emerging as a stubborn choke point in the freight-backlog mess: trucking. Trucks haul more than 70% of domestic cargo shipments. Yet many fleets say they can’t hire enough drivers to meet booming consumer demand as the U.S. economy emerges from the pandemic. The freight backup has intensified longstanding strains in the industry over hours, pay, working conditions and retention. The … [Read more...]
BACKFIRE: China’s Australian Coal Ban Causes Shortage
After banning coal imports from Australia in a diplomatic row, China has shot itself in the foot, sending it scrambling to source coal from other parts of the world to feed its own demand. Nathaniel Taplin reports for The Wall Street Journal: China’s latest efforts to improve conditions in its dangerous, fragmented coal mining industry have contributed to weak supply growth and skyrocketing coal prices. This has also spilled over into the liquefied natural gas market. The situation is reminiscent of late 2016, when a recovering Chinese economy collided with government mine closures, resulting … [Read more...]
HOUSE PRICE SOAR: “This Has to Stabilize at Some Point”
The Case-Shiller home price index shows prices for housing have risen 19.7% since last year. According to Oxford Economics economist Nancy Vanden Houten, “This has to stabilize at some point.” But when will that be? The Wall Street Journal reports: Home-price growth climbed to a new record in July as buyers continued to compete fiercely amid a shortage of homes for sale, but there are signs the market frenzy might be starting to ease. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 19.7% in … [Read more...]
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