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The U.S. consumer product companies shifted their production scheme by halting the run of other products and maximizing the production of essential products that are highly demanded amid the virus outbreak.
Traditional retailers and stores have warned against hoarding supplies including toilet paper, cleaning items, and sanitizing products that cause scarcity of supply in the supermarkets. Amazon, the biggest e-commerce in the U.S., reported that it sold out many household staples after a high demand in orders.
Amid the swift transmission of the new coronavirus across the U.S. and the entire European countries, U.S. President Donald Trump had a phone call on Sunday with 30 executives from different grocery stores including Amazon, Walmart, and Target.
“The grocery supply chain is not going to shut down,” Dough Baker, Crisis Management Leader for the Food Marketing Institute said.
Different firms across the grocery industry are doing everything to assure that they keep their manpower numbers to keep the production running. In the U.S., 62 deaths from the coronavirus have been tallied as of today. The number of cases of infected individuals is expected to rise from the recently tallied 3,000 cases.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
Australia had seen its employment rate dropping 1.1% between mid-June and mid-July, weekly data showed on Tuesday. In addition to this, the southeastern state of Victoria recorded the sharpest plunge in employment as the state suffers from ...
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