Your $4.39 Latte From the Local Roaster Could Soon Cost More
Climate shocks in Brazil and shipping bottlenecks have pushed the price of coffee beans sharply higher. Starbucks says it won’t be affected for more than a year, but small cafes can’t hold off that long.
Bug that could hurt Christmas tree industry found in western Michigan
ROCKFORD — An invasive bug that could threaten Michigan's Christmas tree industry has been discovered in the western part of the state. The Michigan Department of Agriculture and Rural Development said Monday it confirmed the presence of the balsam woolly adelgid near Rockford in Kent County. …
Costs and delays plague shipping, hobbling supply chain to metro Detroit businesses
Have some patience for that neighbor with the unkempt grass this summer — it could be the supply chain disruptions of the past year just won't get off their lawn.Supply chain woes, from lawn and garden equipment to the global computer chip shortage afflicting the auto industry, continue to…
How 'Chaos' In The Shipping Industry Is Choking The Economy
The U.S. trade deficit is hitting record highs — and it's fueled by a surge in demand for imports, mostly from East Asia. On both land and at sea, the shipping industry is struggling to keep up.
Michigan apple growers see threat of climate change crisis through spread of fire blight
Patrick and Sara McGuire have been growing apples since they were married 25 years ago. Their 150 acres in Ellsworth in northern Michigan— dubbed Royal Farms — are a mix of sweet apples and the bitter varieties suited for making hard cider.Last spring they put in a new crop of…
Food producers adapt after pandemic alters business models
As a producer that heavily supplies the food service industry, Swanson Pickle Co. Inc. had to make profound adjustments to its sales channels when the COVID-19 pandemic changed buying habits. As a producer that heavily supplies the food service industry, Swanson Pickle Co. Inc. had to make profound...
EXCLUSIVE U.S. Labor Secretary supports classifying gig workers as employees
A lot of gig workers in the United States should be classified as "employees" who deserve work benefits, President Biden's labor secretary said on Thursday, suggesting a shift in policy that is likely to raise costs for companies that depend on contractors such as Uber (UBER.N) and Lyft (LYFT.O).
Nexteer says chip shortage likely to go on, launches software reorganization
Nexteer Automotive said the chip shortage has sparked volatility in automaker assembly plants, but the company still anticipates total bookings to surge to $6.4 billion this year.
The steering and driveline systems supplier saw bookings of $3.7 billion in 2020.
Auburn Hills-based Nexteer,…
Ford warns 2nd-quarter output will fall by 50% amid chip shortage
Ford Motor Co. on Wednesday posted its highest first-quarter net income in a decade but said it could lose half of planned production in the second quarter due to the semiconductor shortage that has halted some high-profit assembly lines.
The automaker said it earned $3.3 billion from January…
Ford CEO Farley calls chip shortage ‘greatest supply shock'
Ford Motor Co. CEO Jim Farley said the worsening semiconductor shortage has prompted "perhaps the greatest supply shock" he's ever seen, as auto dealer lots dry up and the company juggles production shutdowns across the globe.
Speaking to Automotive News Group Publisher KC Crain as part of…
Nothing is more important to us than the health and safety of our employees and guests. While public tours of our Fulfillment Centers remain paused due to Covid-19, we invite you to join us for a virtual tour.
OPEC and allies to boost production after US calls Saudi Arabia
The Organization of the Petroleum Exporting Countries and allied producers have agreed to gradually increase their output over the next three months. The move follows a sharp increase in oil prices, and a call from the United States to keep energy affordable.
Virgin Galactic rolls out latest generation of spaceship
ALBUQUERQUE, N.M. (AP) — Virgin Galactic rolled out its newest spaceship Tuesday as the company looks to resume test flights in the coming months at its headquarters in the New Mexico desert....
For the past 11 months, Birmingham-based Griffin Claw Brewing Co. has made and bottled its own brand of hand sanitizer."Our goal was just to help in any way we could," said Chris Lasher, marketing director for the craft brewer.Last March, Griffin Claw, known for its popular beers such as Norm's…
Why the Suez Canal is so important -- and why its blockage could be so damaging
Since it was completed in 1869, the Suez Canal has been one of the world's most important bodies of water; a portal between East and West that has been controlled by multiple countries, threatened to ignite war, and become a bedrock of the global economy.
Idle plants could help Detroit 3 win the e-truck war, report says
In the nascent truck wars, Detroit won’t need tents.
In the summer of 2018, when Tesla needed to quickly ramp up production at its Fremont, Calif., factory, the company erected a big top the size of two football fields in the parking lot. The strategy brought into stark relief the difficulty of…