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Tuesday, November 24th, 2020
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Supply Chain

Online sales boom: Warehouse jobs boom along with it.

Warehouse. Products on shelves. Dolly. Worker

BLOOMBERG, OCTOBER 28, 2020 1.25 million people were on warehouse and storage payrolls in September, about 46,000 more than in February. Katia Dmitrieva, Bloomberg News – Warehouse operators across the U.S. are rushing to hire workers amid a boom in online sales, a bright spot for a labor market that faces mounting challenges. With purchases of everything from sweatpants to toilet …

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COVAXX and Maersk enter partnership to supply COVID-19 vaccines globally

Maersk container ship

PortandTerminal.com, October 27, 2020 “Efficient and safe delivery of COVID-19 vaccines around the world is the most urgent logistics challenge we face today” – COVAXX HAUPPAUGE, NY — COVAXX, a U.S. company developing a vaccine to fight COVID-19, has announced a global logistics partnership with Maersk, one of the world’s largest shipping and integrated logistics providers. The agreement lays out a …

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Narcos Are Waging a New Drug War Over This Houston Company’s Basic Chemical

BLOOMBERG, OCTOBER 26, 2020 Tetra Technologies wanted to boost sales of calcium chloride, a compound with lots of commercial applications. Now Colombian drug lords are asking for it by name. By Michael Smith and Cam Simpson for Bloomberg While listening to wiretaps in January 2018, police intelligence officers in Ecuador heard the lieutenants of a Colombian drug lord planning an …

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Police Deployed To Halt Warehouse Looting Across Nigeria

People look at burned buses

BLOOMBERG, OCTOBER 24, 2020 Looting of warehouses stockpiling food for coronavirus relief | Looting comes after states, including Lagos, eased curfews By Alonso Soto for Bloomberg – Nigeria will deploy more police forces across several states to halt the looting of businesses and food warehouses following weeks of massive demonstrations. Police inspector general Mohammed Adamu said in a statement on Saturday …

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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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