Beloved sriracha brand suffers more supply shocks The beloved sriracha brand, Huy Fong Foods, has experienced supply problems over the last few years with supply of their chilli peppers. Now, the spicy sauce company has announced it is halting production due to a poor harvest of their red chilli peppers, stating the harvest is too…
Canada Sees Trade Deficit in March Canada saw its largest trade deficit in nine months last March with a trade deficit of $2.28 billion. Total exports feel 5.3% whereas economists expected a trade surplus of $1.5 billion. (I guess the business for forecasting is still not an accurate thing.) US Government Procurement Stats There’s good…
Honda Invests in EV Battery Facility in Ontario As Canada continues to lure manufacturers to invest in the country to build out its EV manufacturing industry, Honda is the latest auto manufacturer to invest US$11 billion in Ontario by building assembly and battery plants in the province. Canada is offering major tax-credits for companies willing…
Dealing with Baltimore’s Bridge Collapse Supply chains just can’t catch a break. After obstacles resulting from the pandemic, the recent Baltimore bridge disaster is sending logistics and supply chains that go through Baltimore’s port scrambling to figure out work arounds to get supply moving again. It’s not been easy. The trucking industry has been hit…
Potential Solution to America’s Electricity Supply As countries look at moving towards electrifying vehicles and renewable energy, the problem in the US is the existing electric infrastructure is currently insufficient. According to researchers at UC Berkeley, they may have a feasible solution: replacing the existing power lines with cables made from state-of-the-art materials, thus potentially…
Summer of High Oil Prices My local news station has been warning drivers of surging gas prices as Summer nears. Oil prices are near a five month high. This coincides with the current production cuts by OPEC at least until June. UPS In, Fedex Out with USPS The collaboration between the US Postal Service (USPS)…
Pain Ahead for Chocolate-Lovers We mentioned this just a couple of weeks ago, but cocoa futures has reached new highs this past week. The shortages in cocoa supply are mainly due to climate and weather events which can severely affect commodity prices such as cocoa. Baltimore Bridge Collapse In an absolutely tragic accident, a Sri…
Port of Vancouver Handles Record Cargo Volume The past year has been somewhat chaotic for the Port of Vancouver, with worker strikes and a slowdown in global shipping, the Port of Vancouver actually saw a 6% increase in cargo handling from the previous year. Fast-Fashion Behemoth, Shein, Wants to Be Your Supply Friend Shein, the…
US Plans to Launch AI in Manufacturing Institute The U.S. government is launching a competition to create a new institute focused on using artificial intelligence (AI) to strengthen American manufacturing. This institute, overseen by the National Institute of Standards and Technology (NIST), will receive $70 million from the government over five years, with additional funding…
Factories testing out flex-time Traditionally, factories wanting to be efficient and producing seven days a week, twenty-four hours a day found that workers need to start and end at the same time in order to maximize their efforts. Land O’Lakes, a cheese manufacturer based in Minnesota, is testing out flex-time schedules. Eliminating the traditional factory…