Risk of 2022 recession grows, but inflation pressures will slow
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Good morning! It’s July 2nd, have you forgotten?
Former Treasury Secretary Larry Summer’s take on the economy is bleak. On Bloomberg Television’s “Wall Street Week” with David Westin, Summers reiterated what he’s been saying for months… inflationary pressures will reduce after the nation falls into a recession within the next six to nine months.
Check out today’s featured article from MSN for Former Treasury Secretary Larry Summer’s take on the future of the economy. ☕️
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Featured Article:
Larry Summers Says Risk of 2022 Recession Climbing, May Damp Inflation | MSN
“Former Treasury Secretary Lawrence Summers said that there’s an increasing risk the looming recession he’s anticipated will start sooner, in 2022, and that inflation may cool as a result.”
Water Cooler Topics
👩💻 Productivity Tracking can make employees uncomfortable, but there are ways to humanize the process and relax anxieties. Many companies rely on surveillance methods to monitor productivity, especially in remote or hybrid work environments. However, research shows that a more laissez-faire approach in the workplace can lead to less anxiety. Staying on track to meet business goals can be met through collaborative processes and routine “check-ins” instead.
🍟 The fast-food conglomerate McDonald’s has announced its new global supply chain chief, Marion Gross. Gross’ position is effective September 1st after the departure of Francesca DeBiase, who currently holds the role and is retiring after 30 years with the company. Marion gross has been responsible for overseeing the U.S. and Canada’s supply chain direction and has worked with McDonald’s for 29 years.
🇨🇳 Any goods linked to the western Chinese region of Xinjiang are now banned from being imported to the United States, causing a ripple effect in the supply chain. Due to the regularity of forced labor practiced in the region, The Uyghur Forced Labor Prevention Act has taken effect. Approximately 10% of global companies are tied to the region in some capacity, and the public should brace themselves for a major impact on the global economy.
Keeping the planet healthy: how can trucking and logistics help?
With GHG emissions regulations being tightened by the UN climate summit, supply chain markets are searching for new ways to enhance their “clean energy” goals. The tech market has found a niche, providing new methods to give clarity to supply chain sustainability from the source to the consumer.
The logistics industry is searching for a way to reduce its global carbon footprint by dipping its toe in these new tech ventures. Currently, roughly 27% of CO2 emissions are created by the transportation industry alone. So what can be done to change that?
Quote of the Day:
“Ideas are commodities. Execution of them is not.”
— Michael Dell, chairman, and CEO of Dell
The Workday Dash is an aggregation of articles regarding the transportation logistics, trucking, and supply chain industries for July 31, 2025, from iLevel Logistics Inc.