Supply

"The last time this happened was a little bit at the beginning of the pandemic, and before that, it was almost unheard of."

Heat and drought in the Mediterranean are harming production of olive oil, causing its price to spike. The global price of the oil is now almost $6,000 per metric ton, according to data from the International Monetary Fund (IMF). That’s the highest since 1997, when it reached $6,225.

The company said the average daily price of renting an Airbnb has jumped 36% in the last three years.

A shortage of small-breasted chickens has been raising costs at fast-food restaurants.

Funko, the maker of the Funko Pop! collectible figurines, will "eliminate" a massive batch of its inventory to alleviate some of the company's financial struggles.

LONDON (AP) — When European Union chief Ursula von der Leyen visited Britain last week, some joked on social media: Can you please bring us some tomatoes?

Cold weather in Southern Europe and empty Dutch greenhouses due to high energy bills have resulted in empty vegetable shelves in the Netherlands. Tomatoes, peppers, cauliflowers, and avocados are in short supply - and their prices have risen accordingly, the Telegraaf reports.

How the cult of consumerism ushered in an era of badly made products.

Vanilla production in Madagascar is expected to decline in 2022/23, following weak flowering in the key growing areas in the northeast of the island in the closing months of 2021.

A Global Direct Supply Chain Network built on Blockchain without the need for costly intermediaries such as freight brokers.

The COVID-19 period saw a huge rise in international shipping costs, but price pressure is likely to ease further as containerships on order are built and delivered.

Some experts say it never really broke.

The number of ships waiting to unload at the Ports of LA and Long Beach have dropped from 109 to four.

FreightWaves founder and CEO Craig Fuller provides insight into 2022's peak season.

Ikea has hiked furniture prices by up to 80% since last year, an investigation by Retail Week has found.

Generally favorable weather and replanting of old trees have boosted yields in the country's Central Highlands.

U.S. manufacturing activity appears to be peaking as businesses struggle to digest excess inventories all along the supply chain, which will likely weigh on the economy over the next six months.

Retailers were not prepared for the dramatic shift in shopper behavior.

This year's plentiful cherry season could end up the pits for some Michigan farmers.

Smashed on toast, tossed in a salad, or blended in a smoothie; whichever way you eat your avos, farmers are pleading for you to eat more of them.

Presently, despite timely rains in certain areas of Nebraska, the threat of drought for the summer of 2022 is not dissipated.  Prediction models of precipitation for May to July place most of

Bay Area cities have started banning the construction of new gas stations to combat climate change. Some lawmakers hope Los Angeles could join the movement soon.

China's "zero Covid" measures on trucking and cross-city transport limitations continue to slow down manufacturing and logistics.

“We will not be part of subsidizing Putin’s war,” Biden said.

Americans are feeling it at the gas pump, too.

The largest shipping hubs have gotten bigger and busier. Here’s a look at how the global landscape has evolved over the past 15 years.

Inflation is a tough egg to crack. We gave it a try anyway.

US health authorities banned avocados from Mexico.

MEXICO CITY (AP) — Mexico has acknowledged that the U.S. government has suspended all imports of Mexican avocados after a U.S. plant safety inspector in Mexico received a threat. The surprise, temporary suspension was confirmed late Saturday on the eve of the Super Bowl, the biggest sales opportunity of the year for Mexican avocado growers — though it would not affect game-day consumption since those avocados had already been shipped.