Hurricane Ida Weighs on Chemical Production
As nearly all manufactured goods are produced using chemistry in some form, manufacturing activity is an important indicator for chemical demand. The chemistry industry is one of the largest industries in the United States, with lingering hurricanes and other supply chain disruptions, the largest decline in chemical production from July to October was in the […]
Wholesale Prices Increase at Record Pace
Supply chain bottlenecks and surging demand have been the primary drivers of inflation. Wholesale prices have increased at a record pace this past November, according to the Labor Department, indicating the inflation pressures in the post-covid economy are persisting. Consumer pricing is increasing at its fastest pace in nearly 40 years, with the demand for […]
California’s Executive Order to Alleviate Port Congestion
California Governor Gavin Newsom issued an executive order on October 20th, 2021, effective immediately, directing state agencies to locate federal and private land for short-term container storage while identifying freight routes for trucks. The port of Los Angeles and Long Beach alone move roughly 35% of all containers in the United States, both imports and […]
European Gas Prices Rise
European natural gas prices have surged nearly 18% after a pipeline capacity auction showed no increase in volume from Russia. The European continent acquires more than a third of its gas supply from Gazprom, but a long winter has drained the storage facilities from both Russia and the European Union. An article published by Seeking […]
Surprise Plunge in Shipping Costs
The cost of shipping between China and the U.S. took a sharp decline only weeks after hitting record highs in early September ahead of the off-season. Prior to the pandemic, shipping costs between China and the U.S. were roughly around $1,500. The cost of shipping containers soared to record highs last month, topping out at […]
