Supply

Loves Furniture Inc., the upstart furniture retailer that acquired more than two dozen Art Van stores out of bankruptcy only eight months ago, filed Chapter 11 bankruptcy in Detroit late Wednesday.The reorganization comes only weeks after the Warren-based retailer began liquidating 10 stores across…

Oil prices jumped to their highest level in nearly a year on Tuesday.

Shannon Reaves, the owner of body care maker Bath Savvy, had to make a call in June: Reopen her retail store or cut the lease and move on. The Harper Woods resident chose the latter. She closed her shop in the Rust Belt Market in downtown Ferndale in favor of focusing her efforts online during…

Detroit-based online retailer Ash & Erie has had great success since its start in 2015 and the clothier is determined to not let the pandemic slow its momentum.The company, which specializes in clothes for men 5 feet 8 inches and shorter, primarily has focused on clothes for professionals, but…

Apple Inc is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, people familiar with the matter told Reuters.

How oil prices went negative: this explainer shows how a collapse in demand, a Saudi-Russia price war, and oversupply led to futures prices going wonky.

Michigan public health officials expect to receive 29 percent fewer doses of Pfizer Inc.'s COVID-19 vaccine next week, an unexplained drop in supplies on just the second full week of the state's mass inoculation of health care workers on the front lines of the pandemic. Lynn Sutfin, a…

‎Show Think Like An Economist, Ep Supply - Getting the Best Out of What You Sell - Sep 14, 2020

Detroit-based Ally Financial Inc., the largest U.S. auto lender, said carmakers should get busy.There's enough consumer demand for manufacturers to ramp-up output of new models but not enough supply, CEO Jeffrey Brown told investors at a conference on Tuesday."Factories have to get back to work,"…

Blake's Orchard & Cider Mill makes most of its money on fall outings, hard cider and apples, but this year, the Armada-based farm is experimenting with a new crop: hemp.Part of the team behind the business is harvesting about 7 acres of the plant, known for its use in CBD oil and strong fabrics…

TRAVERSE CITY — Vineyard managers in northern Michigan are expecting a solid grape crop harvest, with one calling the quality of this year's grapes "exceptional."Brys Estate Vineyard & Winery on Old Mission Peninsula, near Traverse City, is on track to finish picking grapes around the…

Short's Brewing Co. is nearing the finish line on a $1.5 million expansion at its manufacturing facility in Elk Rapids, which couldn't come at a better time as the popular brewer enjoys a big bump in demand. Short's, whose most popular beers include Soft Parade and Huma-lupa-licious, reported a 30…

The Kroger Co. is spending $95 million to build an automated customer fulfillment center in Romulus that would create 270 jobs. The Michigan Strategic Fund board on Tuesday awarded $1.6 million in a Michigan Business Development Program grant to support the project. The planned 130,000-square…

Eight-hospital Beaumont Health, the Southfield-based system that treated more COVID-19 patients than any hospital in Michigan, is on its way to stocking personal protective equipment in its warehouses for up to 90 days in preparation for a second surge of the pandemic.That's what Beaumont estimates…

French Champagne producers have decided to put unprecedented limits on the quantity of grapes they’ll harvest this year

The U.S. Postal Service has removed at least 10 automated mail-sorting machines throughout Michigan facilities this summer, lowering first-class mail-processing capacity by more than 300,000 letters per hour, postal worker union leaders told Crain's.At least three bar code sorting machines have…

It’s a waste if we don’t use failure as a basis to learn and improve. Check out this story and more news from The Coca-Cola Company.