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Saturday, October 24th, 2020
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Supply Chain

Toilet Paper Crisis 2.0: Work From Home hurts office supply companies

Row of sinks at office bathroom

BLOOMBERG, OCTOBER 24, 2020 Gerald Porter Jr. for Bloomberg – Kimberly-Clark Corp.’s business that supplies office buildings looks a lot like corporate America’s prospects of going back to the office: not great. Sales of commercial tissue-paper rolls and toilet-seat covers for the workplace, which makes up about 15 per cent of the company’s sales, plunged last quarter, the company reported on …

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Trump’s Commerce Secretary Wilbur Ross is moving his factory to Mexico

President Donald Trump with Commerce Secretary Wilbur Ross

BLOOMBERG, OCTOBER 23, 2020 Factory jobs still head offshore despite Trump promises By Shawn Donnan for Bloomberg Businessweek The International Automotive Components plant in Huron, Ohio. PHOTOGRAPHER: ROSS MANTLE FOR BLOOMBERG BUSINESSWEEK In an election year in which millions have lost their jobs to a pandemic, Amy Sabo is an exception. Her 22 years at International Automotive Components’ plant in Huron, Ohio, …

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CN Railway Revenue Drops 11% as Oil, Metals Shipments Plunge

Freight train seen through chainlink fence

BLOOMBERG, OCTOBER 21, 2020 Petroleum, coal, metals and automotive volumes all plunged by double-digit percentages | Grain and fertilizer shipments up By Marcy Nicholson for Bloomberg – Canadian National Railway Co. reported third-quarter revenue of C$3.41 billion ($2.6 billion), missing analysts’ expectations for C$3.5 billion. The Montreal-based railway said it experienced lower volumes across most commodity groups amid the Covid-19 pandemic. Key …

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“You’re fired” – Maersk cans DB Schenker after it tries to poach Damco customers

Business executive. Suit and tie

PortandTerminal.com, October 17, 2020 Maersk has cancelled its agreement with DB Schenker after the German company attempted to poach customers from Damco | Also cancels their credit terms forcing them to pay cash for future bookings COPENHAGEN – Maersk and DB Schenker have been embroiled in controversy after the German logistics company tried to poach Damco’s customers when Maersk announced …

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Hunger: Crop Report Signals Worsening Global Food-Insecurity Crisis

Combine harvesting soybeans

BLOOMBERG, OCTOBER 9, 2020 As many as 132 million more people globally may fall into the grip of hunger this year, including in many places that used to have relative stability. By Michael Hirtzer and Megan Durisin for Bloomberg – On the same day the World Food Programme was awarded the Nobel Peace Prize for its fight against hunger, fresh numbers from the U.S. government …

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Amazon Giving Old Jets New Life

Prime Air jet airplane

BLOOMBERG, OCTOBER 5, 2020 Old jets may be cheaper to purchase but are less environmentally friendly which hurts Amazon’s carbon-reduction goals. By Siddharth Vikram Philip for Bloomberg – Not all of the old fuel-guzzling planes sidelined by commercial airlines end up in a desert boneyard during the pandemic. Many find a second life in the fleets of Amazon and other cargo carriers. Amazon has …

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Mountains of clothing build up as recycling breaks down

Market traders. Bags of used clothing

REUTERS, SEPTEMBER 30, 2020 MADRID/NAIROBI (Reuters) – Clothes recycling is the pressure-release valve of fast fashion, and it’s breaking under COVID-19 curbs. The multi-billion-dollar trade in second-hand clothing helps prevent the global fashion industry’s growing pile of waste going straight to landfill, while keeping wardrobes clear for next season’s designs. But it’s facing a crisis. Exporters are struggling, as are …

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U.S. imports surge as pandemic worries have retailers stockpiling

Aerial view of container yard at port. ship. cranes. containers

REUTERS, SEPTEMBER 25, 2020 LOS ANGELES (Reuters) – The Los Angeles-based maker of Exploding Kittens and Throw Throw Burrito board games ordered 1 million extra units from its factory in China with the hope of preventing coronavirus from ruining its Christmas sales. The move from the company, which sells product through Target TGT., Walmart WMT.N, and Amazon.com AMZN.O, comes as  U.S. suppliers and …

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