US semiconductor manufacturing push stalling as election season looms
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Good morning, happy Saturday!
Legislation meant to enhance the Unites States semiconductor manufacturing has been on the back-burner for a while now. But with a bill now circulating in Congress that could give the US a better chance to compete with China, both parties seem to have bigger fish to fry.
Check out today’s featured article from MSN for details on why partisan issues seem to be shifting away from semiconductor manufacturing, and how this may affect the transportation industry. ☕️
Kimmy Schmidt Netflix GIF By Unbreakable Kimmy Schmidt via GIPHY
Featured Article:
Biden’s $52 Billion Chips Plan Stuck; Lawmakers Eye Election (msn.com)
“Long-stalled legislation to boost US semiconductor manufacturing and strengthen competitiveness against China risks collapsing in Congress, with Republicans growing skeptical of the measure as midterm elections near and Democrats focusing instead on gun violence.”
Water Cooler Topics
🧐 Americans seem to love quitting jobs these days. In April 2022, a near record-high of 4.4 million Americans threw in the towel, despite growing fears of a recession quickly approaching. Salary increases at competitors, companies hiring unqualified workers to fill positions they aren’t suited for… experts are juggling an array of explanations to a tight labor market that is expected to persist for some time.
📈 Inflation has risen 8.6% in May of 2022, marking the largest growth in the consumer price index since 1981. Food and energy are the main culprits, but inflation has touched almost every inch of every industry. With rising inflation, real wages declined 0.6% despite many wage increases given to employees. The fuel costs have risen 106.7% over the past year.
🇺🇾 Uruguay is home to the largest free zone operator, Zonamerica SA. The free zone in Latin America hosts over 350 global supply chain companies and has plans to invest in over $100 million of real estate ventures over the next year. The country wants to boost its value as a supply chain hub and aims to help alleviate some of the supply chain crises affecting the world.
Trucker safety is critical; how to avoid being targeted
An unlucky driver hauling a load of high-end athletic shoes was targeted by thieves on June 1st. The robbers held the driver at gunpoint as they unloaded the back of his vehicle outside of a DC in Memphis, Tennessee.
Companies and drivers alike are becoming more concerned about the safety of their workers as crime upticks in the transportation industry. Awareness isn’t the whole answer to the growing problem, but it is a start. Fleets are investing in better cameras, maintenance, and security of their location hubs.
Rising costs cause transportation logistics companies to sweat
A recent Logistics UK survey dubbed, “the May 2022 Performance Tracker,” concluded that 75% of logistics companies are dealing with rising costs. Fuel costs alone are being reported by almost half of responders to have risen over 25% from last year.
Particularly in the United Kingdom, Brexit policies is causing another hiccup in the supply chain.
Quote of the Day:
“Best startups generally come from somebody needing to scratch an itch.”
— Michael Arrington, founder and co-editor of TechCrunch
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