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Supply Chain

Plainsboro-Based Ozempic Maker Cutting Thousands Of Jobs: 'Our Company Must Evolve' Plainsboro-Based Ozempic Maker Cutting Thousands Of Jobs: 'Our Company Must Evolve'
Plainsboro-Based Ozempic Maker Cutting Thousands Of Jobs: 'Our Company Must Evolve' Drugmaker Novo Nordisk will slash thousands of jobs in a sweeping effort to keep the company competitive in the pharmaceutical industry. Novo Nordisk will lay off about 9,000 workers worldwide, the Danish company said in a news release on Wednesday, Sept. 10. The cuts amount to roughly 11.5% of the pharmaceutical giant's 78,400 global positions. The maker of drugs like Ozempic and Wegovy has its US headquarters in Plainsboro, NJ. "As the global leader in obesity and diabetes, Novo Nordisk delivers life-changing products for patients worldwide," said CEO Mike Doustdar. "But our ma…
Electricity, Gas Bills Surge Nationwide: Here's Why Electricity, Gas Bills Surge Nationwide: Here's Why
Electricity, Gas Bills Surge Nationwide: Here's Why If your latest utility bill made you do a double take, you are far from alone.  Across the country, Americans are seeing their electricity and natural gas costs soar, squeezing household budgets just as summer temperatures peak. Several key factors are fueling these price hikes.  Experts say the combination of increased energy demand, supply chain disruptions, and decades of underinvestment that have left the US grid with aging infrastructure are all contributing to the higher bills.  In addition, the growing need for power from AI-driven data centers, expanded oil and gas …
Rising Costs Rattling Restaurants As Customers Pull Back Rising Costs Rattling Restaurants As Customers Pull Back
Rising Costs Rattling Restaurants As Customers Pull Back From fryer oil to filet mignon, the tab for running a restaurant keeps climbing, and fewer diners are picking up the check. Operators say higher prices for ingredients, wages, and essentials like packaging are colliding with softer customer traffic, making profitability harder to maintain.  Supply chain hiccups continue to cause delays and last‑minute substitutions, pushing up costs.  Fuel is another pressure point. According to NerdWallet, the average price of a gallon of diesel has risen about 22 percent since 2020.  Related story - Beef Prices Keep Climbing T…
Target Sales Slump Amid Boycotts Over DEI Policy Changes, Trump's Tariffs Raising Some Prices Target Sales Slump Amid Boycotts Over DEI Policy Changes, Trump's Tariffs Raising Some Prices
Target Sales Slump Amid Boycotts Over DEI Policy Changes, Trump's Tariffs Raising Some Prices Target's sales have fallen through the start of 2025 amid President Donald Trump's sweeping tariffs, falling consumer confidence, and boycotts over the retailer's diversity program rollback. Target reported that net sales dropped 2.8% in the first quarter of 2025 compared to the prior year. Despite digital sales rising 4.7%, in-store sales plummeted 5.7%, causing total transactions to fall 2.4%. Chief financial officer Jim Lee said Target is expecting similar sales drops throughout 2025. "For the full year, we believe it's prudent to plan for a low single-digit decline in our sales, i…
New Stance On Tariffs By One Of America's Biggest Grocery Store Owners Could Protect Prices New Stance On Tariffs By One Of America's Biggest Grocery Store Owners Could Protect Prices
New Stance On Tariffs By One Of America's Biggest Grocery Store Owners Could Protect Prices Albertsons Companies is warning its suppliers: don't expect to pass tariff costs on to us, and definitely don't think we'll pass them on to our shoppers. In a letter sent to suppliers in March 2025, Albertsons told vendors that, with few exceptions, it "is not accepting cost increases due to tariffs," according to reporting by BoiseDev. The grocery giant further advised that any tariff-related surcharges added to invoices without prior approval could cause disputes and payment delays. Supermarket News and Grocery Nerd confirmed that suppliers seeking an exception must submit a detailed…
Panic Buying Shrinks US Vehicle Supply As Trump's Tariffs Set Up Summer Price Hikes Panic Buying Shrinks US Vehicle Supply As Trump's Tariffs Set Up Summer Price Hikes
Panic Buying Shrinks US Vehicle Supply As Trump's Tariffs Set Up Summer Price Hikes The US supply of new and used vehicles is quickly declining after car shoppers rushed to make purchases before President Donald Trump's sweeping tariffs shook the auto industry, setting the stage for a costly summer. New-vehicle stock fell to 2.69 million units by Tuesday, April 1, according to auto data company Cox Automotive. That was down 10.2% from the start of March and 2.4% lower than the same time in 2024. Buyers flooded showrooms in the final week of March, driven by seasonal trends and fears of price hikes tied to Trump's rapidly changing tariffs. "With import tariffs no…
These Foods Expected To See Biggest Price Increases This Year, USDA Says These Foods Expected To See Biggest Price Increases This Year, USDA Says
These Foods Expected To See Biggest Price Increases This Year, USDA Says As consumers navigate the aisles in 2025, the cost of food remains a pressing concern.  The US Department of Agriculture (USDA) has released its 2025 Food Price Outlook, forecasting trends that will shape grocery store receipts and restaurant bills in the months ahead. What’s Ahead for Food Prices? According to the USDA, overall food prices are expected to rise by 2.2 percent in 2025. While this is comparable to 2024’s rate, it remains slower than the historical average. However, variations in price changes across different food categories could impact consumer spending habits. Groce…
East Coast Ports Dodge Shutdown As Dockworkers Reach Tentative Six-Year Deal East Coast Ports Dodge Shutdown As Dockworkers Reach Tentative Six-Year Deal
East Coast Ports Dodge Shutdown As Dockworkers Reach Tentative Six-Year Deal Dockworkers and port companies have come to a tentative agreement on a new six-year deal, avoiding another work stoppage that would cause major shipping disruptions along the East Coast. The International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) announced the tentative agreement in a joint news release at night on Wednesday, Jan. 8. The deal aimed to avoid another potential strike on Wednesday, Jan. 15. The ILA and USMX agreed to extend the current master contract until ILA representatives can convene for a ratification vote and USMX members can final…
Nissan, Honda Eye Potential Merger Nissan, Honda Eye Potential Merger
Nissan, Honda Eye Potential Merger Two of the world's biggest automakers may soon become one. Nissan Motor Co., Ltd. and Honda Motor Co., Ltd. have signed a memorandum of understanding (MOU) to discuss a potential merger aimed at revolutionizing the future of mobility and electrification.  Announced on Monday, Dec. 23, the goal is to establish a joint holding company that could significantly impact the automotive landscape, and potentially make the combined corporation the world's third-largest auto manufacturer. The merger aims to accelerate initiatives for carbon neutrality and zero traffic fatalities by pooling reso…
Deal At The Docks: Port Of Baltimore Workers Back On The Job After Three-Day Strike Deal At The Docks: Port Of Baltimore Workers Back On The Job After Three-Day Strike
Deal At The Docks: Port Of Baltimore Workers Back On The Job After Three-Day Strike Ports across the East Coast are back in business - at least for now - as dock workers with the International Longshoremen's Union (ILU) reached a tentative agreement with the US Maritime Alliance (USMX) to suspend the strike until Jan. 15. Workers went on strike on Tuesday, Oct. 1 amid an ongoing and contentious negotiation with USMX, causing picket lines to form at ports from Maine to Texas. Joint Statement Regarding Master Contract The International Longshoremen’s Association and the United States Maritime... Posted by International Longshoremen's Association on Thursday, October…
Port Of Baltimore Shut Down Again Amid Ongoing Nationwide Longshoremen's Strike Port Of Baltimore Shut Down Again Amid Ongoing Nationwide Longshoremen's Strike
Port Of Baltimore Shut Down Again Amid Ongoing Nationwide Longshoremen's Strike Just months after being reopened following the Francis Scott Key Bridge collapse, the Port of Baltimore is again closed amid an ongoing nationwide strike. The International Longshoremen's Association (ILA) went on strike this week, with workers walking picket lines from Maine to Texas, after they were unable to reach an agreement with the US Maritime Alliance on a new master contract. A deadline was set for 11:59 p.m. on Monday, Sept. 30, prompting members of the Port of Baltimore to join other members across the country in solidarity. International Longshoremen’s Association (ILA) Shu…
Fentanyl Dealer Charged In Rochelle Park Supply Chain Manager's OD Death: Prosecutor Fentanyl Dealer Charged In Rochelle Park Supply Chain Manager's OD Death: Prosecutor
Fentanyl Dealer Charged In Rochelle Park Supply Chain Manager's OD Death: Prosecutor A 29-year-old Paterson man has been charged with selling a 37-year-old Rochelle Park man the fentanyl that killed him, authorities announced. Police called to a home on Rochelle Avenue on Wednesday, July 10 just after 9:45 a.m., and found James A. Mara unresponsive and unconscious at the scene, Bergen County Prosecutor Mark Musella said. Mara was pronounced dead by paramedics. Indicators of a possible drug overdose were noted, and detectives from the Bergen County Prosecutor’s Office Narcotic Task Force were notified. Detectives found that Mara ingested fentanyl before his death,…
Pete Buttigieg To Visit New Jersey Pete Buttigieg To Visit New Jersey
Pete Buttigieg To Visit New Jersey Pete Buttigieg is coming to New Jersey this week. The U.S. Transportation Secretary will be in the Garden State on Thursday, May 26 and Friday, May 27. "Mayor Pete" will join Representative Mikie Sherrill (NJ-11) for a tour of the Community College of Morris (CCM)’s Advanced Manufacturing and Engineering Center (AMEC) in Randolph on Thursday. He will join Representative Andy Kim for an event in New Jersey’s 3rd district Friday, with details to follow. The trip is to "highlight the first six months of President Biden’s historic Bipartisan Infrastructure Law and how it is helping improve s…
Online Grocer Launches Private-Label Brand To Ease Supply-Chain Concerns Online Grocer Launches Private-Label Brand To Ease Supply-Chain Concerns
Online Grocer Launches Private-Label Brand To Ease Supply-Chain Concerns A popular online grocery platform is launching its first-ever private label of prominent pantry products as the country contends with continued supply chain concerns and inefficiencies. Misfits Market, known for its focus on accessibility, affordability, and sustainability, launched “Odds & Ends,” on Wednesday, April 13, representing the company’s first private label of items. Odds & Ends includes pantry staples such as coffee, nuts, dried fruit, and dark chocolate-covered mini pretzels and was designed to address supply chain issues by working directly with farmers and other sour…
Amazon Adds New 'Fuel, Inflation' Surcharge To Seller Fees For Prime Shipments Amazon Adds New 'Fuel, Inflation' Surcharge To Seller Fees For Prime Shipments
Amazon Adds New 'Fuel, Inflation' Surcharge To Seller Fees For Prime Shipments A new "fuel and inflation surcharge" on third-party sellers who ship through Amazon will be added by the e-commerce giant. The five-percent increase will take effect on Thursday, April 28, and will include products purchased before that date. The surcharge could apparently increase or decrease in the future. "In 2022, we expected a return to normalcy as COVID-19 restrictions around the world eased, but fuel and inflation have presented further challenges," Amazon stated in a memo to sellers obtained by NPR. "It is still unclear if these inflationary costs will go up or down, or f…
Russia's Ukraine Invasion Could Lead To Price Hikes For These Food Products In Addition To Oil Russia's Ukraine Invasion Could Lead To Price Hikes For These Food Products In Addition To Oil
Russia's Ukraine Invasion Could Lead To Price Hikes For These Food Products In Addition To Oil The Russian invasion of Ukraine is expected to cause a flux in the markets, sending the prices of energy and certain agricultural products through the roof as supply chains are further disrupted. Experts are expecting oil and gas prices to spike due to the European crisis, though some of Russia and Ukraine’s largest exports are expected to impact costs for other products overseas and stateside. Officials said that outside of energy, the price of products such as wheat, barley, corn, copper, and nickel are likely going to be on the rise as supply chains already impacted by the COVID-19 pande…
Major New Storm Taking Aim On Region Expected To Cause Hazardous Travel Conditions Major New Storm Taking Aim On Region Expected To Cause Hazardous Travel Conditions
Major New Storm Taking Aim On Region Expected To Cause Hazardous Travel Conditions A massive winter storm barreling across the country will bring a mix of snow, sleet and rain that is expected to cause hazardous driving conditions in much of the region at the end of the workweek. Not only will the storm impact around 90 million people, but also retailers and consumers, according to AccuWeather.com. "We could be looking at a big mess in moving products to where people and businesses need them as a result of our latest winter storm, and this interruption in the supply chain may be felt for weeks," said AccuWeather Chief Meteorologist Jonathan Porter. The storm will s…
COVID-19: Cargo Ships Piling Up At US Ports Amid Supply Shortages For Businesses COVID-19: Cargo Ships Piling Up At US Ports Amid Supply Shortages For Businesses
Covid-19: Cargo Ships Piling Up At US Ports Amid Supply Shortages For Businesses Scores of cargo ships have recently gotten stuck waiting to dock at United States ports as the country continues to face COVID-19 supply-chain-related product shortages.  The Daily Mail reported on Saturday, Sept. 25, dozens of ships were stuck at the three busiest ports in the US, including more than two dozen ships off the Long Island shore. The news outlet added that the Port of New York, New Jersey, and Los Angeles faced similar issues caused by an increase in imports. Related - COVID-19: Supply-Chain Issues Causing Shortages Of Items At Supermarkets, Other Retailers Stores …
COVID-19: Supply Chain Issues Starting To Ease For Household Items - Even Toilet Tissue COVID-19: Supply Chain Issues Starting To Ease For Household Items - Even Toilet Tissue
Covid-19: Supply Chain Issues Starting To Ease For Household Items - Even Toilet Tissue Supermarket shelves are slowly, but steadily being restocked with cleaning supplies and even toilet tissue as the pressure on supply chains has been lessened as the region begins recovering from the first novel coronavirus (COVID-19) wave. When the COVID-19 crisis first made its way stateside, customers flocked to supermarkets and stripped shelves clean of many popular products, leaving stores scrambling to keep up with the demand. Nationally, year-to-year through Saturday, April 25, the sales of cleaning supplies were up more than 45 percent, according to Nielsen data. That included gains …