When COVID-19 first hit, Tali Haleua, founder of Fuelogistics from Salt Lake City, Utah, thought he could get by for a few weeks covering expenses out of pocket, but then the lockdowns dragged on. Eventually, he had to lay off all 10 of his employees. Now his trucks are sitting […]
April 29, 2020 The Institute for Supply Management’s Report on Business releases details on the U.S. manufacturing sector on Friday. Economists estimate that the report may show numbers similar to the 2009 crash. The index, based on a survey of U.S. manufacturing companies, has not reflected the extent of the […]
SirCom, based in Temecula, California, needs parts out of Germany and China to manufacture its early warning systems. Some 70% of the products that were expected in the last week of February and the first week of March never arrived. The company has not received an expected delivery date. “We […]
New orders and employment tumbled in March at the quickest speed since 2009, signaling a tough road ahead for U.S. manufacturers. March’s Institute for Supply Management’s report on business declined to 49.1%, an indication of contraction for the U.S. economy. The index, based on a survey of U.S. manufacturing companies, […]
U.S. manufacturers are still projecting growth even as the coronavirus is creating economic uncertainty. February’s Institute for Supply Management’s Report On Business, an index that monitors monthly changes in manufacturer’s production levels, registered at 50.1, a 0.8% drop from January’s 50.9. Employment continued to grow by 0.3%, even as new […]