New Vehicle Inventory Stuck Near Record Low, Shortages Shift to Fuel-Efficient Cars, Prices Hit Record. But Used Vehicle Price Spike Runs out of Fuel amid Plenty of Supply

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Still the strangest auto market ever. By Wolf Richter for WOLF STREET. The inventory shortages at new vehicle dealers continue unabated, and inventories remain desperately low, but the shortages are shifting, as demand has shifted, and there is now supply piling up, for example at Ram dealers, while fuel-efficient vehicles are essentially sold out, and EV models have … Read more

BASF readies more ammonia production cuts in gas supply crunch

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A general view of the German chemical company, BASF Schwarzheide GmbH in Schwarzheide, Germany, December 10, 2019. REUTERS/Annegret Hilse Register now for FREE unlimited access to Reuters.com Register BASF cut ammonia output in Sept, now reducing it further Yara’s ammonia output across Europe is 27% below capacity SKW, Ineos say monitoring situation closely FRANKFURT, July … Read more

General Motors falls short of Wall Street expectations as supply chain challenges dent profit

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GM CEO Mary Barra talks with media prior to the start of the 2017 General Motors Company Annual Meeting of Stockholders Tuesday, June 6, 2017 at GM Global Headquarters in Detroit, Michigan. Photo by John F. Martin for GM General Motors reported second-quarter earnings Tuesday that fell short of Wall Street’s estimates after the company … Read more

Oil rises for a second day on supply tightness concerns

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Model of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Russia’s Gazprom tightens squeeze on gas flow to Europe Fed expected to hike rates 75 bps on Wednesday Brent premium to U.S. crude hits widest in … Read more

A West Coast port worker union is fighting robots. The stakes for the supply chain are high

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Shipping containers are transported by automated guided vehicles (AGV) beside gantry cranes on the dockside at the Delta Terminal, operated by Europe Container Terminals BV (ECT), at the Port of Rotterdam in Rotterdam, Netherlands. Bloomberg | Bloomberg | Getty Images The sight last year of dozens of gigantic container vessels anchored for weeks off the … Read more

New Hampshire receives limited supply of monkeypox vaccine, will prioritize who gets first shots

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A limited allocation of the monkeypox vaccine has been sent to New Hampshire, health officials said Tuesday. New Hampshire has received 262 vials of the “JYNNEOS” vaccine, officials said, which will lead to 131 people getting vaccinated, as two doses are needed. Another 65 doses are scheduled to arrive next week.Given the limited supply, New … Read more

Yellen says the U.S. and its allies should use ‘friend-shoring’ to give supply chains a boost

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U.S. Treasury Secretary Janet Yellen (pictured here at a news conference, ahead of the G-20 meeting in Bali on July 14), said supply chain resilience is a key focus of the Biden-Harris administration. Made Nagi | Reuters U.S. Treasury Secretary Janet Yellen has reiterated the need for the United States and its trusted trading partners … Read more

Demand for Monkeypox Vaccine Exceeds Supply, C.D.C. Says

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As the monkeypox outbreak grows in the United States, demand for the vaccine is outstripping the nation’s supply, Dr. Rochelle Walensky, the director of the Centers for Disease Control and Prevention, said at a news briefing on Friday. “We don’t yet have all the vaccine that we would like in this moment,” she said. When the … Read more