Supply & Demand

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LG Shutters Smartphone Business
LG Shutters Smartphone Business
The South Korean electronics maker wasn't able to keep up with Apple, Samsung, and Chinese competitors
·morningbrew.com·
LG Shutters Smartphone Business
GM idles more North American plants as chip shortage drags on
GM idles more North American plants as chip shortage drags on
General Motors is idling more plants and extending shutdowns at other facilities in North America due to a continued shortage of semiconductor chips that are used to control myriad operations in vehicles, including the infotainment, power steering and brake systems. In an update Thursday, GM indica…
·techcrunch.com·
GM idles more North American plants as chip shortage drags on
Ann Arbor tech company Movellus sees opportunity amid microchip shortage
Ann Arbor tech company Movellus sees opportunity amid microchip shortage
In a wave fed by the COVID-19 pandemic, mixing soaring consumer demand for microchip-heavy goods with a vastly shrinking supply, a University of Michigan spin-out company finds itself well positioned to help alleviate some of the challenges. The ongoing microchip shortage, which has been simmering…
·crainsdetroit.com·
Ann Arbor tech company Movellus sees opportunity amid microchip shortage
The New Shortage: Ketchup Can’t Catch Up
The New Shortage: Ketchup Can’t Catch Up
The pandemic turned restaurants into takeout specialists, boosting demand for the condiment; ‘Everyone out there is grabbing for ketchup’
·wsj.com·
The New Shortage: Ketchup Can’t Catch Up
OPEC and allies to boost production after US calls Saudi Arabia
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.
·cnn.com·
OPEC and allies to boost production after US calls Saudi Arabia
Moves at federal level likely to help real estate industry rebound, local experts say
Moves at federal level likely to help real estate industry rebound, local experts say
Under new President Joe Biden, residential real estate is likely to see positive trends toward first-time home buyers' incentives, updated fair-housing policies and additional moratoriums on homeowner foreclosures due to the pandemic, all efforts that national trade associations and metro Detroit…
·crainsdetroit.com·
Moves at federal level likely to help real estate industry rebound, local experts say
Pfizer to break ground on new Michigan production facility
Pfizer to break ground on new Michigan production facility
PORTAGE — Pfizer Inc. is expected to start building a new pharmaceutical production facility in West Michigan.The drugmaker will break ground Wednesday on the multistory, 420,000-square-foot building on Pfizer's global manufacturing campus in Portage, MLive.com reported.It is expected to…
·crainsdetroit.com·
Pfizer to break ground on new Michigan production facility
Question of the Day: What percent of homebuyers in Nov/Dec 2020 made an offer on a house they hadn't seen in person? - Blog
Question of the Day: What percent of homebuyers in Nov/Dec 2020 made an offer on a house they hadn't seen in person? - Blog
Answer: 63% Questions:   Would you consider buying a house that you couldn’t see in person?  What do you think home buyers might miss if they rely strictly on online sources of information? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (NY Times):  Sixty-three percent of buyers who used Redfin in November and December went on to make an offer on a home they hadn’t seen in person, and monthly views of 3-D walk-throughs on the site are up more than 500 percent since February 2020. “In this market, because the homes are gone so quickly, if I had contacted the agent and set up a showing, by then they could have had five other offers,” Ms.
·ngpf.org·
Question of the Day: What percent of homebuyers in Nov/Dec 2020 made an offer on a house they hadn't seen in person? - Blog
Will breweries keep making hand sanitizer?
Will breweries keep making hand sanitizer?
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…
·crainsdetroit.com·
Will breweries keep making hand sanitizer?
Costly microchip shortage hitting auto sector hard: What to know
Costly microchip shortage hitting auto sector hard: What to know
A microchip shortage that has idled several automaker plants around the globe — General Motors hit pause on production in February at three plants that are expected to remain shuttered until at least mid-March — and shifting auto supplier production is being blamed on a spending glut…
·crainsdetroit.com·
Costly microchip shortage hitting auto sector hard: What to know
Slicing construction timeline, Greektown residential tower envisioned in 16 months
Slicing construction timeline, Greektown residential tower envisioned in 16 months
It was only in June that news was first revealed about a 16-story residential tower planned for Detroit's Greektown neighborhood, the first new residential units in that area in decades. Now construction of the $64.6 million building — $45 million in construction costs and the rest in soft…
·crainsdetroit.com·
Slicing construction timeline, Greektown residential tower envisioned in 16 months
U.S. pizza sales, booming in pandemic, start to slow for Domino's and others
U.S. pizza sales, booming in pandemic, start to slow for Domino's and others
After a pandemic-fueled boom, U.S. pizza sales appear to be headed back to earth.Domino's and Papa John's pizza chains both said Thursday that their same-store sales lost steam in the fourth quarter compared to the huge increases they saw earlier in 2020. Same-store sales are expected to continue…
·crainsdetroit.com·
U.S. pizza sales, booming in pandemic, start to slow for Domino's and others