Squeezing Every Cent from a Barrel of Oil

A barrel of oil is no longer a leaky cask. Rather, it is an economic concept.

As a result, creating value along the supply chain has evolved from streamlining operations to exploiting operational and commercial synergies. The emphasis has shifted from vertical integration and expertise in specialized energy sectors to a tightly coordinated system in which every opportunity to increase profit margins is pursued. The agile system has the potential to quickly address supply-and-demand imbalances through access to energy storage and […]

Hacks and Cracks Disrupt the Supply Chain

Since the onset of COVID-19, shortages of products have been common.

Many shortages were the result of the pandemic, including unexpected increases in demand, and facilities shutdown due to sick workers. With the re-opening of the economy, shortages have continued. Demand spikes, coupled with organizations being unable to re-staff enough workers, has led to product shortages in areas such as lumber.

However, not all disruptions in the supply chain are directly tied to the pandemic. Recently, the Colonial Pipeline was shut down […]

Upcycled Food Is Trending

 

More than one third of the global food production is lost or wasted.

This is a serious problem with humanitarian, economic, and environmental implications. Inadequate handling, storage, and distribution result in food losses while limited shelf life and spoilage of perishable products contribute to food waste. One solution to the problem is the design of new products from waste and byproducts of food processing. The market success of these new products depends on their appeal to consumers and their price.

 


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Demand Outpaces Supply for Rental Cars

Rental car prices have skyrocketed, surprising some travelers who are also finding vehicles hard to come by.

In some high demand locations, rental car costs exceed $300 per day.  Some of the worst regions of the country, such as southern California or Florida, saw March rates exceed $500 per day.

Even if customers are willing to pay these rates, they may find it impossible to get a vehicle, due to pandemic-related shortages.


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