The pandemic has changed the nature of global supply chains with companies seeking to source goods from multiple places in order to minimize shipment and production disruptions.
A shortage of popular food items from popcorn to sriracha is hitting restaurants and grocery shelves this summer, a sign that the world’s immense supply chains are still under pressure.
Jonathan Havens, partner in the law firm of Saul Ewing Arnstein & Lehr LLP, explains the causes of the current infant formula shortage, and discusses possible solutions to the crisis, both short- and long-term.
Exxon Mobil Corp., Marathon Petroleum Corp. and the other top U.S. oil refiners are on course to reap a combined $10 billion in profits this quarter even as President Biden lambasts the industry for closing plants.