Federal Reserve chair Jerome Powell said on Friday that Americans should be prepared for the global supply chain to remain in crisis through 2022 — and that the central bank is preparing to deal with the attendant challenges for the US economy. Speaking at a Bank for International Settlements-South African Reserve Bank centenary conference, Powell… Continue reading Why Supply Chain Chaos and Inflation Could Last into 2022
Tag: global supply chain
Toyota Succumbs to Chip Shortage and Shuts Factories
The global semiconductor shortage has finally started to bite at Toyota Motor Corp., highlighting how prolonged disruptions in the global supply chain in the wake of the Covid-19 pandemic are hitting even the best-prepared companies. Japan’s largest car maker said Thursday it was cutting production in the country by 40% in September because of a… Continue reading Toyota Succumbs to Chip Shortage and Shuts Factories
Global Chip Shortage Set to Worsen for Car Makers
Global auto makers who had expected the semiconductor supply crisis to subside in the spring are now warning that chips will remain scarce for months while a second-half recovery is fraught with uncertainty. The main causes of the worsening shortage are the widespread chip manufacturing disruption in Texas from the severe weather in February and… Continue reading Global Chip Shortage Set to Worsen for Car Makers
Coronavirus Poses an Array of New Legal Risks for Companies
The coronavirus pandemic has created a legal minefield for companies. Massive disruptions have forced compliance officers to vet new suppliers and revamp internal safeguards, while travel restrictions and remote working have complicated investigations and increased exposure to cyberattacks. Compliance chiefs must also help businesses navigate the risks and complex requirements of relief programs and the… Continue reading Coronavirus Poses an Array of New Legal Risks for Companies
Trade Credit Insurance Freeze Snarls U.S. Supply Chains
An obscure part of the insurance industry that helps commodities flow smoothly around the world is seizing up, presenting another obstacle to the U.S. economy’s fitful recovery. Trade-credit insurance, a financial tool that protects trade, has been severely cut back for U.S. companies, say insurance executives, brokers and policyholders. Companies are often reluctant to move… Continue reading Trade Credit Insurance Freeze Snarls U.S. Supply Chains