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Image via Flickr by Quadrofonic Wingnut Rare earth metals are a group of elements found with moderate abundance in the core of the earth. There are 17 rare metals, 15 in a group called lanthanides plus yttrium and scandium. These elements are essential in many manufactured products, including catalytic converters for automobiles, certain petroleum refining…
Image via Wikipedia.org Bloomberg reported that the price of nickel saw a sharp jump in price on Wednesday after five months of lengthy declines. China’s inventory is already tight, and they plan to reduce their output further in favor of cheaper alternatives. Speculation about what China will do and the low stockpiles currently available are…
Image via Flickr by Trostle The $382 billion global beauty business, with $55 billion in makeup alone, may see an uglier side of the industry with the recent introduction of Mink, a proprietary 3D printer that allows users to print open-source cosmetics. Some of the top makeup manufacturers based in the United States and Europe…
Image via Flickr by CookingCinderella On April 8, Sabra Dipping Co. voluntarily recalled select SKUs of their Classic Hummus over possible contamination with Listeria monocytogenes. The recall involved 30,000 cases nationwide. This is the first recall that Sabra Dipping Co. has ever announced and now they have to ensure that all contanimated products are removed…
Image via Flickr Keith Yahl The Panama Canal recently expanded its locks to accommodate larger cargo ships. This has had a major impact on ports in the United States because they’ll need to unload cargo ships more quickly and to accommodate larger ships. To prepare, American ports are spending money on upgrades.Oops! You don’t have…
Image via Flickr by Mark Hillary Outsourcing the production of goods is not a new thing. Companies know they can manufacture most products for cheaper overseas and still charge consumers high prices. Consumers don’t blink an eye because it is a common business practice that they’ve come to accept. Outsourcing is a business decision —…