supply chain
09/01/2023
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By Zoey Sky
Severe DROUGHT affecting Panama Canal threatens at least 40% of the world’s cargo ship traffic
A severe drought is threatening to disrupt shipping on the Panama Canal, the crucial waterway responsible for transporting 40 percent of the world’s cargo ship traffic. An estimated two-thirds of the canal’s traffic is either headed for or leaving the United States. The products that typically ship through the canal include petroleum products, grains, canned and refrigerated foods, […]
08/23/2023
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By Ethan Huff
Worsening DROUGHT creates “big mess” at Panama Canal; 200 ships stuck in major BOTTLENECK at one of world’s most important trading routes
Ever-worsening drought conditions in Panama have created a major shipping bottleneck at the Panama Canal, which has a “parking lot of vessels” piling up on both sides with no end in sight. Lack of water in the area has made it extra difficult for some ships to make it through one of the world’s most […]
08/11/2023
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By Laura Harris
FAO reports sudden surge in commodity prices following Russia’s withdrawal from Black Sea grain deal
The United Nations Food and Agriculture Organization (FAO) has reported a sudden increase in global food commodity prices since April after Russia terminated the Black Sea grain deal and India decided to ban rice exports. Russia’s decision to withdraw from the Black Sea grain deal, an agreement protecting the ships transporting the agricultural products of Ukraine amid the […]
07/26/2023
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By Kevin Hughes
Pharmacy director warns of possible long-term shortages on certain medicines due to tornado damage at Pfizer’s North Carolina plant
The powerful tornado that seriously damaged a Pfizer pharmaceutical plant in North Carolina on July 19 is expected to threaten production lines that usually supply massive amounts of medicine to hospitals. Pfizer confirmed that the massive manufacturing complex in Rocky Mount, North Carolina, was damaged by a twister that landed quickly after midday. The Big […]
06/23/2023
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By Ethan Huff
Midwest drought blamed for soaring corn, soy and wheat prices: “WE NEED RAIN”
Lack of rainfall across the American Midwest is taking the blame for corn, soy and wheat inflation. The amount of United States corn crop rated “good” to “excellent” has dropped to just 55 percent, according to reports, the lowest for this time of the growing season since 1992. A week prior, that figure was 61 […]
05/29/2023
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By Belle Carter
FOOD CRISIS BREWING: Robusta coffee bean prices hit 12-year record high amid El Nino threat
A shortage brought about by the emerging El Nino ahead of a Northern Hemisphere summer in Vietnam and Indonesia has pushed Robusta coffee bean prices to a 12-year record high. Vietnam is the world’s largest producer of Robusta coffee beans while Indonesia is the world’s third-largest producer of this cheaper coffee variety. While many coffee lovers prefer […]
05/08/2023
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By Ramon Tomey
Spain’s ongoing DROUGHT pushes global olive oil prices to 26-year high
An ongoing drought in Spain has pushed olive oil prices to record highs, and these prices are expected to stay at that level for some time. Citing data from the International Monetary Fund, CNBC reported that global prices of olive oil have hit $5,989.80 per metric ton (MT) – the highest in 26 years. Kyle […]
02/22/2023
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By Cassie B.
UK rationing produce as country grapples with severe shortage of tomatoes and other vegetables
The UK is currently experiencing a serious shortage of tomatoes, and experts have warned that other fruits and vegetables will soon be difficult to obtain as well. Transport problems and bad weather in Europe and Africa have made tomatoes nearly impossible to find at British supermarkets in recent weeks. In particular, tomato suppliers have been […]
01/26/2023
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By Arsenio Toledo
Regional emergency declared in eight states due to gasoline, diesel and jet fuel shortages
The Federal Motor Carrier Safety Administration (FMCSA) has declared a regional emergency in eight states due to a shortage of gasoline, diesel and jet fuel caused by the combination of low production and high demand. The FMCSA’s regional emergency declaration affects Colorado, Kansas, Nebraska, New Mexico, Oklahoma, Texas, Utah and Wyoming. The agency, a component of the Department […]
01/17/2023
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By Ethan Huff
MEGADROUGHT: U.S. corn yields at DISMAL levels compared to 2008
The West Coast might be getting drenched in rain right now, but the western farm belt – this includes states like Nebraska, Kansas, and Texas – is still starving for moisture. Many corn fields in these states are now abandoned due to parched crops that failed to produce as expected. Just 79.2 million acres were […]
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