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In “American Made,” Farah Stockman writes about the downfall of manufacturing employment in the United States by focusing on the lives of workers at one Indianapolis factory that was relocated to Mexico. Stockman, a member of The New York Times editorial board, talks about the book on this week's podcast.“I really think we've seen unions in a death spiral,” she says. “And part of the reason is globalization. You had so many people who fought for these manufacturing jobs to be good-paying jobs, and decent jobs that you could raise a family on. They didn't used to be, but they were after the labor movement had a long struggle and a long fight. And as soon as we start seeing pensions and health care and decent wages, and as soon as Blacks and women start getting that stuff, now factories can move away. They can go to other countries. And it really undercut unions' ability to demand things and to strike. And you saw a lot less appetite among workers for asking for stuff like that, because now everybody just has to beg those factories to stay.”Benjamín Labatut visits the podcast to discuss his book “When We Cease to Understand the World,” a combination of fact and fiction about some of the most ground-shifting discoveries in physics. Labatut explains why he gave himself license to imagine the lives and thoughts of some of the scientists featured — Einstein, Schrödinger and Heisenberg among them.“What I'm trying to do is for people to understand just how mad these ideas seemed at the time to the very people who discovered them,” Labatut says. “And I had to use these characters for people to get a sense of how brutal the beauty was that these men were seeing for the first time.”Also on this week's episode, Tina Jordan looks back at Book Review history as it celebrates its 125th anniversary; Elizabeth Harris has news from the publishing world; and Gal Beckerman and Lauren Christensen talk about what people are reading. Pamela Paul is the host.Here are the books discussed in this week's “What We're Reading”:“Dirty Work” by Eyal Press“Invisible Child” by Andrea Elliott“Beautiful World, Where Are You” by Sally Rooney
Rana discovered application security as a software developer which inspired her interest in web app pentesting.During her studies and journey to prepare for the OSCP certification, Rana started sharing what she learned in blogs and went on to create video learning content for aspiring pentesters and security professionals._______________________GuestRana KhalilOn Linkedin | https://www.linkedin.com/in/ranakhalil1/On Twitter | https://twitter.com/rana__khalilOn YouTube | https://www.youtube.com/channel/UCKaK-XPQAbznwIISC46b1oAOn Medium | https://ranakhalil101.medium.com/______________________HostPhillip WylieOn ITSPmagazine
The slasher sub-genre was revitalized in 1996 with Wes Craven's “Scream,” ushering in a whole new era of self-aware slasher films steeped in irony. By the early 2000s though, the genre was on life support yet again. Today, we're taking a look back at some of the last of the WB-approved era of slasher films with two campy horror flicks that come so, so close to satirizing the genre as “Scream” did in the late 90s. First up, it's the return of podcast MVP Brittany Murphy in the 2000 cult favorite “Cherry Falls,” wherein the virginal teenagers in a tight-knit community are being preyed upon by a serial killer. After that, we're jumping to 2001 for the holiday themed revenge thriller “Valentine,” starring another podcast favorite, Denise Richards, as well as the first podcast appearance by our beloved “Angel” himself: David Boreanaz. Film critic, writer, and co-host of the Bad Romance Podcast, Jourdain Searles, joins us to discuss the compromised production of “Cherry Falls,” the legacy of Brittany Murphy, David Boreanaz's brief film career, and how Jay Mohr was ever a thing. “Cherry Falls” and “Valentine” are both available to rent or buy through Shout! Factory, while “Valentine” is also streaming on Tubi!
On this Bob & Tom Extra: We have Halloween candy, the Uranus Fudge Factory, and space toilets! Support the show: https://members.bobandtom.com/pcd/document?iid=99001I**GTZ See omnystudio.com/listener for privacy information.
Mark Schofield and Raichele Privette recap the Week 6 loss to Tampa Bay, express their frustrations with the demand to bench Jalen Hurts and preview the Week 7 road game against Derek Carr and the Raiders. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Greg, Alex, and Steve Zoom in off the bye week and are joined by Postmedia's, Danny Austin to talk about the Stampeders resurgence, how much of an impact having both Duke Williams and Shaq Evans does to the Riders offense, and what the Trevor Harris trade means for both the Elks and the Als. Plus Piffles Pickem and Piffles Memories.
** Content Warning at Bottom of Show Notes** NO ADS & MORE | TRANSCRIPT | MERCH | SOCIALS | DISCORD Everything has changed. Pine Silver has seemingly been killed, Torbrennan has left the Blades of Valarus and our Heroes are more helpless than ever. Can they come together and solve this mystery? Found out now! GM: Zachary Fortais-Gomm NPC Voices & Music: James Barbarossa Isadora: Maddy Searle Zongroff: Elizabeth Campbell Maerydyth: L C Girling Torbrennan: Pip Gladwin Voice Edit: Kathryn Stanley System: 13th Age Content Warnings: Intense Interpersonal Strain Fantasy Threat and Violence Intense depictions of destructions Depictions of grief and depression Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode, the legendary Paul Morley joins us to talk about his native Manchester, Joy Division and his epic new biography of Factory Records boss Tony Wilson. Paul recounts his early pop epiphanies and discovery of the UK's music press, culminating in the one & only issue of his 1976 fanzine Out There — not to mention his first reviews for the NME in 1976. The conversation then turns to "Anthony H." Wilson and the formation of Factory, taking in Paul's championing of Joy Division before leading into a discussion of Martin Aston's 1986 audio interview with New Order's Bernard Sumner and Stephen Morris. From there we consider the week's featured act Faust, spinning off from pieces about the German enigmas by Ian MacDonald, Andy Gill and David Stubbs, and prompting general thoughts on "Krautrock" from both guest and hosts. After saying goodbye to chief Chieftain Paddy Moloney, and to three veteran RBP writers on soul and R&B (Pete Grendysa, Bob Fisher and Roger St. Pierre), Mark leads us through his personal favourites among the 100+ articles added to the RBP library over the past fortnight, incuding pieces about the Stones' pad in Edith Grove, Lorraine Ellison's volcanic single 'Stay With Me' and Charlie Watts on drummers & drumming. Finally, Jasper talks us out with his thoughts on pieces about Primal Scream's 2000 XTRMNTR and John Sinclair taking The Wire's "Invisible Jukebox" text in 2003. Many thanks to special guest Paul Morley; his book From Manchester with Love: The Life and Opinions of Tony Wilson is published by Faber and available now. Pieces discussed: Paul Morley on Manchester, Joy Division, New Order, Tony Wilson, New Order audio, Faust, Faust IV, Jean-Hervé Peron, David Stubbs' Faustian Pact, Rhythm & Blues, Soul (Style), The Chieftains, Paddy Moloney, The Stones, Pink Floyd, Lorraine Ellison, Iron Butterfly, Patti Smith, 808 State, Dusty Springfield, Charlie Watts, The Sex Pistols, Was (Not Was), Primal Scream and John Sinclair. Learn more about your ad choices. Visit megaphone.fm/adchoices
The guest host for today's show is Brad Bannon. Brad runs Bannon Communications Research, a polling, message development and media firm which helps labor unions, progressive issue groups and Democratic candidates win public affairs and political campaigns. His show, 'Deadline D.C. with Brad Bannon,' airs every Monday from 3-4pm ET. Brad is first joined by Democratic Strategist Mike Lux to break down a report that Mike co-authored, called "Factory Towns." As Demlist's Kimberly Scott puts it, the report "reveals how the political parties, and most particularly Democrats, have missed "the biggest electoral earthquake of the last decade" in discounting the significance of a key demographic -- manufacturing-heavy, working-class towns. The study, produced by American Family Voices and 21st Century Democrats, debunks, in-depth, the conventional premise that there are only three kinds of political turf that matter: the big cities, which are Democratic; rural America, which is Republican; and the suburbs, which is where most of the swing voters are, and therefore where the parties should spend most of their time. That approach neglects a newly defined, yet long overlooked subset of the American electorate: the Factory Towns. They are the manufacturing-heavy, working-class towns that are not part of huge urban areas, but are not farming-dominated rural counties either. The Factory Towns Report looks at 853 counties in 10 different Midwest and Great Lakes states, which have lost 1.3 million manufacturing jobs since the beginning of this century -- a decline that has been most damaging to Democrats." During the second half of the show, Brad leads a political roundtable with Edwith Theogene and Mark Grimaldi. The roundtable discusses Senator Joe Manchin's demands that a key climate provision be dropped from the Senate Democrats infrastructure reconciliation package in order to gain his support for the bill. They also analyze new Gallup polling that shows how involved Americans want the government to be in solving the nation's problems. Edwith Theogene is the director of advocacy for Generation Progress, the youth engagement arm of American Progress. In this role, Theogene works to develop and lead efforts that translate the experiences of young adults into concrete actions that advance progressive policies and increase voter turnout. Edwith's Twitter handle is @WhoIsEdwith. Mark Grimaldi has been a progressive political activist for the past 13 years. He volunteered for the campaigns of President Obama (2008 and 2012), Senator Bernie Sanders (2016), Secretary Hillary Clinton (2016), and President Joe Biden (2020). Mark is also involved in campaign finance reform efforts around the country, and philanthropic efforts for Cancer research. His Twitter handle is @MarkJGrimaldi. Brad writes a political column every Sunday for 'The Hill.' He's on the National Journal's panel of political insiders and is a national political analyst for WGN TV and Radio in Chicago and KNX Radio in Los Angeles. You can read Brad's columns at www.MuckRack.com/Brad-Bannon. His Twitter handle is @BradBannon. You can also watch this episode here on Twitter: https://twitter.com/i/broadcasts/1mrGmaqMAAwGy Or here on Facebook: https://www.facebook.com/DeadlineDCWithBradBannon/videos/688790425858712
WTF News The Morning Shag with Shags and Trevor 5:30am to 10:00am on 96.7 KCMQ Classic Rock in Mid-Missouri
The Cleveland Browns took a collective dump on the souls of their fans on Sunday afternoon, laying an egg in a 37-14 loss to the Arizona Cardinals at FirstEnergy Stadium. DJ, Ramzy and Eric return to the Factory of Sadcast to stare into the abyss that is a 3-3 football team with more injuries than a team of 4th graders after scrimmaging upperclassmen and to throw analytics out the window with their predictions ahead of Thursday night's game against the woeful Denver Broncos.0:11 A Giant Pile of Poo3:50 Imagine Having Nice Things7:00 How Do You Assign Blame?10:45 DPJ = MVP13:00 Is That Case Keenum's Music?14:23 Joe Woods ... Yikes17:50 Refs, LOL20:25 Dublin Dad Gets a Dub27:20 Listener Mail28:00 Remaining Season Predictions30:15 Future Progressive Baker Commercials30:55 Truckload of Tweets33:08 Helping Joe Woods Leave37:28 A Sunday Off With the Dublin Dad39:12 Get UPJ on the Pod!40:20 Make or Break Time41:23 Broncos PredictionsSupport the show (https://www.paypal.me/sadcast)
Most of us grew up learning about business through the eyes of the factory model. We all need factories and their models to live our lives. Creative businesses, on the other hand, are needs and have to leave that model behind. Let's talk about Justo Thomas. Links & Resources: Host: Sean Low of The Business of Being Creative Have your own opinion on Sean's tips and advice? Talk Back!! Email Shawn or record a voice message directly through his show's site! Link: Join Sean's Collective of Business Creatives Follow Sean on social media: Instagram: @SeanLow1 | Facebook: Facebook.com/Sean.Low.35 | LinkedIn | Twitter: @SeanLow -- Podcast Network: The Wedding Biz Network Production House: Flint Stone Media Copyright of The Wedding Biz, LLC. 2021.
You probably don't need another reminder that the pandemic changed the world — when it comes to manufacturing, the deepening labor shortage and increased supply chain difficulties are obvious. And there are two ways you can think about these issues: You can either hope that they're temporary and wait for them to get better — or you can face the world as it currently is and do something about it. Today, I'm speaking with Rob Tracy , Consultant at Rob Tracy Consulting and author of How to Fix a Factory, and for him, the c hoice is easy — let's do something about it. In this episode, we discuss: - The root of the supply chain and labor issues - 4 ways to proactively do something to address them - Why now is a good time to rethink your organization's operating system Subscribe to The Manufacturing Executive on Apple Podcasts, Spotify, or our website. Listening on a desktop & can't see the links? Just search for The Manufacturing Executive in your favorite podcast player.
D-Man and Big Sam return with another Prem Review
The holidays are right around the corner but your holiday packages might not be. Justin and Lance discuss how the logistics industry is shifting to accommodate manufacturing deficits, and how the labor shortage is driving inflation. tags: tsou, justin weller, lance jackson, inflation, labor, economy, jobs, immigration, shipping, manufacturing, logistics, factory, transit, holidays
Jason O'Toole's family has been in law enforcement for generations. While he made his name in the punk/hardcore scene in bands like Life's Blood, his professional career eventually moved towards the same path as his uncles and grandfather before him. Spending time living in the South, he eventually returned to the Northeast, settling in New England and working as an adult protective investigator while pursuing a second career as a writer and poet. In our conversation we talk about his drive to help people, what interests him from a creative perspective and how your family legacy can influence your path (and why it doesn't always have to). Enjoy! For Full Length Episodes And Merchandise Go To https://www.patreon.com/killedbydesk Follow: Killed By Desk Insta: @killedbydeskpodcast Twitter: @killedbydesk Facebook: https://www.facebook.com/killedbydesk LinkedIn: https://www.linkedin.com/company/killedbydesk Links: Jason O'Toole Discogs https://www.discogs.com/artist/2599800-Jason-OToole Life's Blood https://youtu.be/Yi5drCBLKUU?t=284 https://prank.bandcamp.com/album/lifes-blood-hardcore-a-d-1988?fbclid=IwAR2otwEjs3uB7YL0q1i_MoMGBHfmaNB3484KYXsJDnhDpOQvgh9JEH78Ns8 Plain Truth https://www.pinterest.com/pin/475692779360709504/ MyRifle https://myrifle.bandcamp.com/track/stars?fbclid=IwAR15wNv0Oy0TBzfniCtiJe-CTdTJvG8mg6FvW5Tgdhl_jqLnd7Wefh_RXA8 Herman's https://en.wikipedia.org/wiki/Herman%27s_World_of_Sporting_Goods Tackleberry https://www.youtube.com/watch?v=ADihvSIsIik Jason's Writing https://www.amazon.com/Jason-OToole/e/B07NCX8F74%3Fref=dbs_a_mng_rwt_scns_share?ref_=d6k_applink_bb_dls&fbclid=IwAR2s-LboaNcEexFJlwMUazAaYwsAxNZpWJYhFXhk9oX-Rjs_AYdIcLNs2mo SAMSARA - Nominated for a Rhysling Award and included in The Best Science Fiction and Fantasy Poetry of 2019 https://thescriblerus.com/2019/12/09/samsara-jason-otoole/?fbclid=IwAR1eiN_JB9MuZAep6F39eNKWBoryzJo44-4ba9Vb3faJn-emw43AZngp6_I Herr Lounge Corps https://www.youtube.com/watch?v=pPyNRPU5hds Red-tail Over Andover https://formidablewoman.org/2020/10/31/red-tail-over-andover-by-jason-otoole/?fbclid=IwAR1L9vAeXz1tfPFtCJXgIGl17hRoaoQ6CVN-b43pFQxXc8Cdr0j8GjE8u50 Poison Moonlight https://doppelgangrene.blogspot.com/2021/05/new-poison-moonlight-by-jason-otoole.html?fbclid=IwAR3cILKnDn6vXyVGUOKMOYAw5-R6OzSmv-hEm-OUMfEpLcNF6gDejvv9RSQ https://www.etsy.com/listing/1008263578/new-poison-moonlight-by-jason-otoole Poets with Masks On https://www.finishinglinepress.com/product/poets-with-masks-on-a-pandemic-anthology-by-melanie-simms/?fbclid=IwAR1-LEtcGst_5ELg6NY4QHV2VqbbuxubBbeG6mFazfq1eFd_UXBzl1f_6EE Jason helped get Carolyn Cassady's poetry in print. This details his involvement. https://spearofstars.wordpress.com/2020/07/28/carolyn-cassadys-poetry-published-posthumously/ Scene Crime (most recent band project) https://scenecrime.bandcamp.com/?fbclid=IwAR1nMqk8RuwfvxbFx2uDBX1uQO1tR6MMQbR4FTq4nSqG5b7bWsJ376ZVFYI https://thewildword.com/poetry-jason-otoole/?fbclid=IwAR2p93cI0t-6LaVEEcvRvS-t5BGgVNor4SAgLMV3usw2e3HMiCL1KXzPsm4 Sorry all the rest of the potential links would get us tagged by the FBI! https://www.wowcool.com/Andy/actworoots.html
Stocks close mixed; semiconductor shortage impairs September production; Zillow pauses home buying business
In this episode, the legendary Paul Morley joins us to talk about his native Manchester, Joy Division and his epic new biography of Factory Records boss Tony Wilson. Paul recounts his early pop epiphanies and discovery of the UK's music press, culminating in the one & only issue of his 1976 fanzine Out There — not to mention his first reviews for the NME in 1976. The conversation then turns to "Anthony H." Wilson and the formation of Factory, taking in Paul's championing of Joy Division before leading into a discussion of Martin Aston's 1986 audio interview with New Order's Bernard Sumner and Stephen Morris. From there we consider the week's featured act Faust, spinning off from pieces about the German enigmas by Ian MacDonald, Andy Gill and David Stubbs, and prompting general thoughts on "Krautrock" from both guest and hosts. After saying goodbye to chief Chieftain Paddy Moloney, and to three veteran RBP writers on soul and R&B (Pete Grendysa, Bob Fisher and Roger St. Pierre), Mark leads us through his personal favourites among the 100+ articles added to the RBP library over the past fortnight, incuding pieces about the Stones' pad in Edith Grove, Lorraine Ellison's volcanic single 'Stay With Me' and Charlie Watts on drummers & drumming. Finally, Jasper talks us out with his thoughts on pieces about Primal Scream's 2000 XTRMNTR and John Sinclair taking The Wire's "Invisible Jukebox" text in 2003. Many thanks to special guest Paul Morley; his book From Manchester with Love: The Life and Opinions of Tony Wilson is published by Faber and available now. Pieces discussed: Paul Morley on Manchester, Joy Division, New Order, Tony Wilson, New Order audio, Faust, Faust IV, Jean-Hervé Peron, David Stubbs' Faustian Pact, Rhythm & Blues, Soul (Style), The Chieftains, Paddy Moloney, The Stones, Pink Floyd, Lorraine Ellison, Iron Butterfly, Patti Smith, 808 State, Dusty Springfield, Charlie Watts, The Sex Pistols, Was (Not Was), Primal Scream and John Sinclair.
Why is the Middle East a crisis factory, and how can it be fixed? What does the future look like for its 500 million people? And what role should the West play? Iyad El-Baghdadi and Ahmed Gatnash tell the story of the modern Middle East as a series of broken promises. They chart the entrenchment of tyranny, terrorism and foreign intervention, showing how these systems of oppression simultaneously feed off and battle each other. Exploring demographic, economic and social trends, the authors paint a picture of the region's prospects that is alarming yet hopeful. Finally, they present ambitious and thoughtful ideas that reject both aggressive military intervention and cynical deals with dictators. This book, written by two children of the region, is about the failures of history, and the reasons for hope. The Middle East Crisis Factory offers a bold vision for those seeking peace and democracy in the Middle East. Iyad El-Baghdadi is a Palestinian writer, activist and entrepreneur, and co-founder/president of the Kawaakibi Foundation. He was jailed and expelled from his lifelong home in the UAE for human rights activism, and today lives in Oslo, where he was granted asylum. He is a fellow at Norwegian liberal think tank Civita and board member at Munathara, the Arab debate NGO. He tweets @iyad_elbaghdadi. Ahmed Gatnash is a British-Libyan activist and entrepreneur. He is co-founder and director of operations of the Kawaakibi Foundation, and hosts its Arab Tyrant Manual podcast. He tweets @gatnash. Rim Turkmani is a Research Fellow at the Conflict and Civil Society Research Unit in the Department of International Development at the London School of Economics and Political Science. She directs the Syria conflict research programme at the Unit. Her policy-oriented research work focuses on identity politics, legitimate governance, transforming war economy it into peace economy and the relationship between local and external drivers of the conflict.
Episode 399 is brought to you by... Big Ear Pedals: https://www.bigearpedals.com/ Chase Bliss Audio: https://www.chaseblissaudio.com/ Support this channel: https://www.patreon.com/60CycleHumcast Something about pictures 00:00 Learn the secrets of tricking your kid into playing a musical instrument 39:16 Chinese Factory photos 55:15 Let's talk Jagstang 1:05:10 Relic'd Harley Benton 1:13:00 Leather Strat Skin This week's music is from Tom Maxson of Wolfcat and is called "Lighthouse" Send us mail 60 Cycle Hum #615 9450 Mira Mesa Blvd San Diego, CA 92126 ***************************** 60CH on Patreon: https://www.patreon.com/60CycleHumcast Buy Something with our affiliate links: Buy a Shirt - https://teespring.com/stores/60-cycle-hum Sweetwater: https://imp.i114863.net/rMb1D Thomann: https://www.thomannmusic.com?offid=1&affid=405 Amazon: https://amzn.to/2PaUKKO Ebay: https://ebay.to/2UlIN6z Reverb: https://reverb.grsm.io/60cyclehum Cool Patch Cables: https://www.tourgeardesigns.com/discount/60cyclehum +++++++++++++++++++++ Social Media Stuff: Facebook: https://www.facebook.com/groups/60cyclehum/ Discord: https://discord.gg/nNue5mPvZX Instagram and Twitter @60cyclehum TikTok: https://www.tiktok.com/@60cyclehum? Hire us for Demos and other marketing opportunities https://60cyclehumcast.com/marketing-packages/ #60cyclehum #guitar #guitars #shameflute
In this broadcast, Loreen Hackett shares the heartbreaking story of how PFAS and traces of related toxins caused by various unregulated factories and industrial complexes devastated her entire family and community, and if left unchecked how PFAS will continue to contaminate untold regions in the US and abroad. As Co-Chair of the Hoosick Falls Community, Loreen established superfund sites which communicate monthly with state and federal agencies and is also on the CAP committee for the CDC awarded site study. In addition, Loreen works with the University of Albany collecting health studies and alongside the leadership committee of the National PFAS Contamination Coalition (NPCC). Loreen has attended and submitted testimony in two Congressional hearings in Washington D.C. She has also testified at various New York state hearings and continues working with elected officials on both the state and federal levels on bills regulating PFAS, recently introducing the PFAS Accountability Act with Senator Kirsten Gillibrand, as well as collaborating with varying environmental organizations. She presented on the first public panel representing EPA Region 2 for the CDC-funded NASEM panel for physician guidance and was nominated as community liaison for that panel. She worked on the educational documentary called 'Bad Water, Small Town, Deaf Ears' with her uncle, which is free to the public on YouTube. Loreen is also a cancer survivor, linked to PFAS exposure, and has a primary interest in health effects. Follow Loreen: PfoaProjectNY Twitter: https://twitter.com/pfoaprojectny1 Other websites to follow and support: Environmental Working Group: https://www.ewg.org/ Safer States: https://saferstates.org/ Center For Environmental Health: https://ceh.org/ NRDC: https://www.nrdc.org/ Alaska Community Action on Toxins: https://www.akaction.org/ IPEN: https://ipen.org/ Food & Water Watch: https://www.foodandwaterwatch.org/ ______________ Follow Therese "Tee" Forton-Barnes and The Green Living Gurus: The Green Living Gurus Website: https://thegreenlivinggurus.com/ Instagram: https://www.instagram.com/greenlivinggurus/ Youtube: https://www.youtube.com/channel/UCW7_phs1GZUPzG21Zgjnqtw Healthy Living Group Facebook Green Living Gurus Page Facebook For further info contact: Therese Forton-Barnes Email: Greenlivinggurus@gmail.com Cell: 716-868-8868
Manufactured housing appears to be making a comeback. Boosting the supply of prefab homes is a major part of a new government initiative. Factory-built housing is also getting the attention of real estate investors looking for hard-to-get rental homes.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.The Biden Administration announced its Housing America initiative last month. One component of that initiative is to increase the supply of manufactured homes. Other components include things like down payment assistance, the rehabilitation of existing homes, new loan options for manufactured homes, and collaboration with local governments to reduce zoning limitations. (1)Prefab Homes Gaining New RespectThe manufactured housing component could be a game changer for a market that has so few affordable options. And with improvements to the manufacturing process, prefab homes are losing the stigma they once had for being inferior to site-built homes.In 2020, a HUD report says: “Factory-built housing has undergone many physical changes that have made it more similar to, and in many ways indistinguishable from, conventional site-built housing… Quality improvements in construction and installation practices have increased durability so that the life expectancy of factory-built housing increasingly is comparable to that of site-built or onsite housing.” (2)The Manufactured Housing Institute says essentially the same thing. In a 2021 industry overview, it says: “Today's manufactured homes can deliver outstanding quality and performance at prices that are up to 50 percent less per square foot than conventional site-built homes. These savings allow more and more Americans to own their own homes.” (3) That also applies to investors who might want to buy more affordable rental homes.Cost Savings for Prefab HomesSo what are the price points for manufactured homes compared to site-built homes? The Institute says the average price of a manufactured home is $81,900. If you break it down to price per square foot, that's about $57 compared to $119 for a site-built home. Average size for a prefab home is about 1,450 square feet. The average for a site-built home is 2,500 square feet, so the price of a prefab home is about ¼ the cost of a site-built home.According to rebusinessonline, manufactured housing accounts for about 5.5% of U.S. homes. They also accounted for 9% of home starts last year. That's about 95,000 homes, which is double the number of prefab homes shipped in 2011.Strong Investment ActivityAccording to Chad Hagwood at Lument, investors are paying attention. He said in an interview for rebusinessonline.com: “The market for investment sales is the strongest it's ever been.” He says: “Having been an active participant in this industry for almost two decades. The sales volume, the interest, the activity is unlike anytime I've ever seen.” Lumen provides loans for multifamily, affordable housing, and senior housing. (4)Lument recently produced a white paper on the manufactured housing industry. It begins with comments about the need for affordable homes and the “growing popularity of lower density living” and how that's providing a new option for both homeowners and investors. (5)It says: “The combination of robust cash flow growth, particularly in Sunbelt and Western markets, cap rate compression, and liquidity provided by the GSEs makes a compelling case for manufactured housing community acquisitions and refinances.”In the section about revenue trends, it says the inventory-weighted average rent of $840 for prefab homes in 31 markets compared favorably to other rentals in the same areas. That includes rents of about $1,100 for C+ to B- apartments, and $1,400 for overall average apartment rents.Pros and ConsLet's take a look at the pros and cons of manufactured housing.According to that HUD report: Modular housing construction is faster and takes place in a climate controlled environment which saves time and avoids unpredictable weather events and damage to materials. Due to improvements in design and quality that make manufactured homes more similar to site-built homes, public perception has gotten better (although it still needs improvement). The trend could build quickly as potential homebuyers, renters, and investors learn more about this type of housing.Getting a loan for a prefab home is also getting easier. Last month, the Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac would be allowed to purchase loans for single-section manufactured homes. On the other hand: Builders are concerned about switching to factory-built homes because they'd lose workers they may not be able to get back, if needed. Transportation of modules can be expensive. Pre-construction costs could be significantly higher - as much as 50%. Public perception of manufactured homes needs further improvement to prevent NIMBY attitudes.NIMBY Issue Somewhat NeutralizedThe NIMBY issue has been somewhat neutralized by recent trends in minimalist living. Tiny homes have been popular for people who want to simplify their lives, and the lack of housing has encouraging many homeowners to add small rental units or ADU's to their properties. Legislation in California makes it perfectly legal to do so on any single-family lot that's big enough. There's also some extremely innovative ideas for manufactured housing that are getting the attention of the real estate world.We just interviewed the co-founder of Boxabl on our other podcast, The Real Wealth Show. (6) The Nevada-based start-up has a very unique product that addresses the transportation problem by making the unit “fold-up” for delivery. Once it arrives at its destination, it takes just a few hours to set up. There are also plans to make the smaller “casita” units modular so they can be put together into larger homes. The concept has caught the attention of Tesla and SpaceX founder, Elon Musk, who reportedly lives in one. We'll have a link to that interview and the other reports in the show notes at newsforinvestors.comYou can also learn more about rental investing at our website by joining RealWealth for free. As a member, you have access to the Investor Portal where you can view sample property pro-formas and connect with our network of resources. That includes experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.And please remember to hit the subscribe button, and leave a review!Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.housingwire.com/articles/manufactured-housing-is-key-to-affordable-homeownership/2 -https://www.huduser.gov/portal/periodicals/em/WinterSpring20/highlight2.html3 -https://www.manufacturedhousing.org/wp-content/uploads/2021/05/2021-MHI-Quick-Facts-updated-05-2021.pdf4 -https://rebusinessonline.com/lument-manufactured-housing-communities-garner-investor-interest/5 -https://www.lument.com/wp-content/uploads/2021/08/Lument-white-paper-manufactured-housing-2021.pdf6 - https://www.realwealthnetwork.com/real-wealth-show-podcast/?utm_source=Podcast&utm_medium=Real%20Wealth%20Show&utm_campaign=2020wp-login.php%3Fredirect_to&reauth=1&wchannelid=nnhnv5t81j&wmediaid=gjwh7p0qfp
American Greed Factory-Episode 440:The spearhead of Capitalism F1 Update, Ratings and rankings, Scams make us feel better, South China Sea Party, Underground bases in Russia, Criterion Neo Noir collection Point Blank.
Young Wonka, played by Brandon Wardell, stops by to lament America's Great Resignation. We quiz the audience on the media's coverage of the reconciliation bill...and what the hell is actually in it. Solomon Georgio and Akilah Hughes weigh in on the best parts of fall and the worst parts of Dave Chappelle's special, while we heat up the stage with a fiery round of Hot Takes. Support the Children's Law Center of California Learn more about your ad choices. Visit podcastchoices.com/adchoices
Joe Vest started his journey as an aspiring herbalist, then his focus turned to IT working as a sysadmin.Joe's knack for technology as a sysadmin led him to cybersecurity and then red teaming when the discipline was not very known or practiced._______________________GuestJoe VestOn Linkedin | https://www.linkedin.com/in/joe-vest/On Twitter | https://twitter.com/joevest______________________HostPhillip WylieOn ITSPmagazine
RunPure + Sports With Facts' JJ Apricena joins Super Contest Winner David Baker, BigT44 and JSURab to discuss the NFL WEEK 6 slate from a DFS and Vegas Perspective.#NFLWEEK6 #DRAFTKINGS #VEGASCheck out all our content at:https://runpuresports.com/https://runpurebets.com/https://runpureshowdowns.com/Let's pick some winners!
Coverage of major news stories 1. Still in 1000s 2. Fauci on delta 3. Digital tax 4. Fed tapering 5. Factory-gate inflation 6. Taiwan fire
Today we have Andre Rerekura (@andrererekuracreative), who's an ocean videographer out of Perth. He's put down the speargun and picked up the camera and has been protecting what he loves ever since. We cover: Transition from spearfishing to underwater videography Taking care of the environment Living on a boat Dietary options, don't need to kill to survive Seeing the world differently behind the camera vs the speargun Factory farming concerns Running circles around mates who eat meat as a plant based eater Check out more from Cast & Spear: Subscribe to the Cast & Spear Podcast Check out our Weekly Fishing Newsletter Watch our YouTube videos Follow our Instagram Watch our TikTok videos Like our Facebook Page
Fox Factory Holding Corp. - Analyst/Investor Day Sep-21-2021
Raichele Privette and Mark Schofield discuss the good and bad from Jalen Hurts' performance in the Eagles Week 5 victory over the Panthers, and discuss what makes Tom Brady such an impressive QB. Will the Birds be able to keep the Week 6 primetime game close? Learn more about your ad choices. Visit podcastchoices.com/adchoices
Welcome back to Season 3 of One For The Road. This week on episode one, I'm joined by TV presenter and documentary creator, Cherry Healey.As well as being a familiar face to us all as host of the hugely popular '10 Years Younger' and ‘Inside the Factory', Cherry has also presented alcohol related documentaries on both BBC and Netflix. On this week's episode she discusses her own relationship with drinking and her experiences with both abstinence and moderation. We discuss how often the real dangers of binge drinking can take place in our own homes rather than as portrayed in the media and how important it is to be able to recognise the red flags when it comes to our relationship with alcohol and the normalisation of daily drinking.If you enjoy One For The Road, then click follow to be notified of the release of our next episode.You can also access further content and shows on my Patreon account by clicking the link below.https://www.patreon.com/user?u=62824759&fan_landing=trueIf you want to connect connect with me via Instagram, you can find me on the instahandle @Soberdave https://www.instagram.com/soberdave/or via my website https://davidwilsoncoaching.com/Provided below are links for services offering additional help and advice, and also contacts for Cherry Healey.https://www.instagram.com/cherryhealey/https://twitter.com/cherryhealey?lang=enhttps://www.facebook.com/CherryHealeyOfficial/https://www.eventbrite.co.uk/e/manifest-that-shit-tickets-175421609757https://www.wearewithyou.org.uk/https://www.drinkaware.co.uk/advice/alcohol-support-serviceshttps://nacoa.org.uk/https://alcoholchange.org.uk/Show producer- Dani Attanasiohttps://www.grownuphustle.com/Instagram - @GrownupHustle See acast.com/privacy for privacy and opt-out information.
Welcome to the newest show produced by the Straight Chilling crew! Join hosts Mikey and Bob as they discuss blu-rays, 4k's, and the boutique distributors that help keep physical media alive. Subscribe here: Let's Get Physical (Media) On this week's show, Mikey and Bob discuss some quality viewing for Halloween! Connect with us: Website Instagram Twitter
Fan favorite Matt (from Australia) joins Ben and Burke to discuss his recent motorbike trip around Hokkaido. Despite the trip being cut short by bad weather and a modeling gig that came up, he describes some amazing spots he was able to see in eastern Hokkaido, and then gives details on the strange things that occurred as he explored a spooky abandoned (and supposedly haunted) old school in the desolate town of Yubari. We also discuss the almost free houses that small towns in Japan are offering to attract potential residents, a recent fire at a fireworks factory in the woodlands of Otaru, living in the countryside, and much more.Previous episode mentioned: The Wacky World of Japanese MascotsVoices in Japan sponsors:Bearfoot BarA variety of Japanese made craft bottled beers. A range of whiskeys and basic cocktails also available. Burgers and pub style snacks. Friendly English and Japanese speaking staff. Located in downtown Sapporo, walking distance from the subway station. https://www.facebook.com/bearfootbarThe Red HouseLocated in the heart of Rusutsu Ski Resort, just cross the main road and it's behind the Seicomart Convenience store. The restaurant features a mix of Japanese, Asian fusion, and western Style dishes, including shabu-shabu with wagyu beef and Hokkaido wagyu beef steak. Open winter and summer, 12-3pm for lunch, 5-9pm for dinner, with prices ranging from under Yen 1000 to about Yen 5000. https://theredhouse.jp/Rusutsu LodgesOpen all year round. Located 5 minutes walk to the main Rusutsu Ski Resort Gondola. There are Japanese, Western, and apartment style rooms with breakfast packages available. There's a Japanese sento (public bath), two convenience stores less than a minute walk, ski room and tune up tables, free pick up available from the bus stop, plenty of free parking space, and summer BBQ packages available. Check out the website for more information and availability. http://rusutsulodges.comHokkaido GuideEstablished over 10 years ago, written by locals for locals and international tourists. There's information regarding all things Hokkaido such as sightseeing, nightlife, events, services, food and restaurants, entertainment, outdoor activities, and more. Currently offered in English and Thai, advertising space available. https://hokkaidoguide.comUse our Buzzsprout affiliate link to start your podcast today!Website: https://www.voicesinjapan.com/Follow us and check out our other content:https://twitter.com/voicesinjapanhttps://www.facebook.com/voicesinjapan/https://www.instagram.com/voicesinjapan/Get in touch:voicesinjapan@gmail.comSupport the show (https://www.buymeacoffee.com/voicesinjapan)
Factory towns as political battlegrounds. Growing Black women's political power. Plus Bill Press on the meaning of “patriotic philanthropy”. John Pouland on a new report showing big losses for Democrats in factory towns, and why that matters. Glynda Carr on how to get more Black women elected to office. Plus Bill Press with billionaire philanthropist David Rubenstein on what it means to give back to our nation. John Pouland John Pouland explains a study that details how the conventional political wisdom has completely missed the biggest electoral earthquake of the last decade, specifically highlighting how both Democratic and Republican parties have discounted and misjudged their appeals to voters in manufacturing-heavy working-class towns. Glynda Carr A record number of Black women ran for Congress in 2020. Political strategist Glynda Carr says that record could be broken again in 2022. And if Black women win, she says we all stand to gain. David Rubenstein Bill Press talks with billionaire David Rubenstein on the limits and possibilities of philanthropy. If you'd like to hear the entire episode, visit BillPressPods.com. Jim Hightower America needs a quality child care system Nearly every nation with an advanced economy (and some not so advanced) treats child care as a fundamental public good essential to nurturing children, families, and the whole society. But not our US of A. Indeed, our so-called leaders relegate millions of working parents and 21 million kids under 5 to the tender mercies of a for-profit market, with child care facilities ranging from impossibly expensive to helter-skelter, unlicensed Kiddie Korrals.
My colleague Dominik Metzger, who has been on the podcast previously talking about Industry 4.0, wrote a fascinating article about how Smart Sensing Can Enable Industry 4.0. I hadn't come across the term Smart Sensing before (in this context), so I was interested to know more. I invited Dominik to come on the podcast to tell us more, and thankfully he agreed.We had a great conversation about what smart sensing is, some interesting use cases, and how smart sensing combined with IoT is a key enabler for Industry 4.0. I learned loads, I hope you do too...If you have any comments/suggestions or questions for the podcast - feel free to leave me a voice message over on my SpeakPipe page or just send it to me as a direct message on Twitter/LinkedIn. Audio messages will get played (unless you specifically ask me not to).If you want to learn more about how to juggle sustainability and efficiency mandates while recovering from pandemic-induced disruptions, meeting growth targets, and preparing for an uncertain future, check out our Oxford Economics research report here.And if you want to read up on our Industry 4.0 blueprint repost, head on over to https://www.sap.com/cmp/dg/intro-industry40/index.html, and if you liked this show, please don't forget to rate and/or review it. It makes a big difference to help new people discover it. Thanks.And remember, stay healthy, stay safe, stay sane!
It seems dubious that something we do every day to survive is shuttered from the pulpit. Instead of being fed regurgitated or undigested ideas about food, Jen and Steve contend that we should be more mindful about our eating habits and how it affects God's "temple" and planet. References: In Defense of Food, by Michael Pollan Why We Sleep, by Matthew Walker "Eating Mercifully": https://www.youtube.com/watch?v=L-Va6F3iQFc Leave us a voice message: https://anchor.fm/redweatherchristians/message
Dubul Dee, D-Man, Big Sam and FBJ discuss: Newcastle Takeover PL Nations League September Awards
Show #1240 If you get any value from this podcast please consider supporting my work on Patreon. Plus all Patreon supporters get their own unique ad-free podcast feed. Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Sunday 10th October. It's Martyn Lee here and I go through every EV story so you don't have to. Thank you to MYEV.com for helping make this show, they've built the first marketplace specifically for Electric Vehicles. It's a totally free marketplace that simplifies the buying and selling process, and help you learn about EVs along the way too. TESLA WILL MOVE ITS HEADQUARTERS TO TEXAS ""I'm excited to announce that we're moving our headquarters to Austin, Texas," CEO Elon Musk said Thursday during a Tesla shareholders meeting. The electric car company is currently based in Palo Alto, California, near its original headquarters in San Carlos, and its first factory, in Fremont. Musk said Thursday that there is a "limit to how big you can scale in the Bay area."" reported CNN Business: "He cited housing affordability and the long commutes it can create as hurdles for its current location, and said the Austin factory is five minutes from the airport and 15 minutes from downtown. The median home price in Palo Alto is $3.3 million" "Texas has been actively recruiting companies via its Texas Economic Development Act offering tax breaks to put new facilities in the state. Austin, with a top tech university and cultural events like South by Southwest, is a draw for tech employers." says CNBC: "Tesla has not been happy with one set of regulations in Texas at least. The state bans direct sales of cars. Instead, car companies sell their vehicles through independent, franchised dealerships there. In other states where similar laws apply Tesla has fought to change the rules or exploited some loopholes." Read more: https://edition.cnn.com/2021/10/07/business/tesla-headquarters-texas-elon-musk/index.html Read more: https://www.cnbc.com/2021/10/07/tesla-moves-its-headquarters-from-california-to-texas.html 20 YEARS+ TO TRANSITION THE WORLD TO ELECTRIC "During the recent 2021 Annual Meeting of Stockholders Tesla's CEO Elon Musk noted that it will take a few decades until the world will switch entirely to battery-electric vehicles. The main point is that the global vehicle fleet stands at about 2 billion units, and not even 1% is all-electric yet." reported InsideEVs: "Assuming that 100% of new vehicles would be electric, at 100 million per year, it would still take 20 years from now to replace 2 billion vehicles. This 20-year period might be considered as the age of a vehicle until it finally goes to a junk yard." Read more: https://insideevs.com/news/539380/musk-forecast-all-cars-bevs/ CHIP AND SHIP SHORTAGES ARE THE ONLY THINGS THAT COULD STOP TESLA'S SALES GROWTH "A double-whammy of a global shortage of chips and ships is the only thing standing in the way of Tesla Inc. maintaining sales growth in excess of 50%, according to Chief Executive Officer Elon Musk. " says Fortune.com: "“We've had a fantastic year, we had record vehicle deliveries,” Musk told Tesla's annual shareholder meeting in Austin, Texas on Thursday. “It looks like we have a good chance of maintaining that. Basically, if we can get the chips we can do it. Hopefully this chip shortage will alleviate soon but I feel confident of being able to maintain something like at least above 50% for quite a while.” “One of the biggest challenges we had in Q3 was can we get enough ships,” he said. “There was a huge ship shortage.” Musk said the “significant cost pressure” in the supply chain had forced Tesla to increase car prices, at least temporarily. " One of the reasons any company choosed to located is incentives and subsidies, on that subject: "The German government is expected to decide before the end of the year just how much state aid Tesla will receive for its battery cell unit. The company is investing about €5 billion ($5.8 billion) in the plant. The German daily Tagesspiegel reports that this unusually high investment "means that the US car manufacturer can count on German state subsidies of €1.14 billion."" Read more: https://fortune.com/2021/10/08/elon-musk-chip-ship-shortage-supply-chain-tesla-sales-growth-austin/ TESLA HOLDS 'GIGA FEST' AT DISPUTED GERMAN FACTORY "With a big wheel, music and an appearance by CEO Elon Musk, Tesla pulled out all the stops Saturday to win over opponents of the electric carmaker's controversial new "gigafactory" near Berlin. Thousands of people were brought in by special shuttle buses, with long queues forming at the Gruenheide site of the US electric vehicle maker's first European factory." reported Yahoo! News: "Demonstrators were already on the scene on Saturday morning, with a few people bearing signs like "Stop Tesla" and "water and forest aren't for private profit" gathered around 100 metres (yards) from the site. On the same 300-hectare plot, Musk also plans to build "the world's biggest battery factory". And the site will equally boast the "world's largest die-casting machine", said Ferdinand Dudenhoeffer, director of the Center for Automotive Research in Germany. In the event that the factory is not approved, the carmaker will be compelled to dismantle the entire works at its own cost. Despite the country's reputation for efficiency, major infrastructure projects are often slowed down by excess bureaucracy. Berlin's new international airport opened in October 2020, eight years later than first planned." And what did the German press have to say? "In guided tours lasting an hour and a half each, local residents were able to watch the whole production process involved in making a Tesla electric car such as the Model Y." saus DW.com: "People took their time to see what was going on in the stamping and casting units and later in the paint shop and assembly and quality control sections of the huge plant. Wherever questions arose, Tesla employees were on hand to answer them. Visitors were told that 80% of the workforce will be from Germany and 20% from 50 other countries. Also of some interest: 80% of all parts used in the Grünheide plant will come from European suppliers." Read more: https://news.yahoo.com/tesla-holds-giga-fest-disputed-024755767.html Read more: https://www.dw.com/en/tesla-allows-sneak-peek-of-its-gigafactory-in-germany/a-59456949 ROADSTER, CYBERTRUCK AND SEMI TRUCK DELAYED TO 2023 "Tesla has been quite supply limited this year and will be next year as well. That concerns batteries, automotive chips, and more. As Elon put it at one point, no matter how many more vehicle models the company was selling, it wouldn't be able to deliver more units this year — the constraint is supplies, not demand." writes Zach at Clean Technica: "With that in mind, and due to how many batteries and chips the Semi needs, it is being delayed until these supply chains ramp up, which is expected to be in 2023 at the moment. Similarly, the Tesla Cybertruck is delayed until the end of 2022 for all the same reasons. " Elon Musk said: "“I think most likely what we'll see is Cybertruck start production in the next year, and then reach volume production in 2023. And, hopefully, we can also be producing the Semi and the new Roadster in ‘23 as well. So, we should be through our severe supply chain shortages in ‘23. I'm optimistic that that will be the case.”" He also said the release date of the new Roadster is likely 2023. Read more: https://cleantechnica.com/2021/10/08/tesla-cybertruck-delayed-till-end-of-2022-semi-2023-lot-of-supply-chain-challenges/ AN OFFICIAL TESLA CCS ADAPTER LANDS IN SOUTH KOREA " In the past, Tesla offered an adapter for Europe that converted CCS to Type 2, the standard charging connector in Europe. However, Tesla didn't release an adapter that connected to its proprietary charger to convert CCS charging stations to work with its vehicles." says SlashGear: "Tesla's proprietary charging connector is used for vehicles sold in North America and some other markets. With a different standard plug and the lack of a CCS adapter, some owners in North America were unable to use third-party charging networks based on the CCS standard. According to the email sent out to owners in South Korea, the CCS Combo 1 adapter can be used with the Model 3 and Model Y. It won't be usable for owners of the Model S and Model X. The adapter will be made available to owners with preferential purchase tickets on October 19." Read more: https://www.slashgear.com/an-official-tesla-ccs-adapter-lands-in-south-korea-this-month-11694676/ NEW GOOGLE MAPS FEATURE IS GREAT NEWS FOR ELECTRIC VEHICLE OWNERS "Google has been busy recently pushing out various updates to Andriod Auto, Android Automotive, and Google Maps, really making a push when it comes to its mobility solutions. The most important of which is Google Maps, as it has recently replaced the Android Auto app with its new Driving Mode." writes T3: "The most recent Google Map update is aimed specifically at Android Automotive users and is designed to support thermal battery management for electric vehicles. It works by using information related to the location of the vehicle, the location of the charging station, and the time left until you reach the charge point. It will then make sure the battery is fully prepared for the charge at exactly the time you reach the charge point." Read more: https://www.t3.com/news/new-google-maps-feature-is-great-news-for-electric-vehicle-owners CITROEN UK UPDATES NEW E-C4 ELECTRIC FOR 2022 Citroen UK has introduced a number of important updates on New e-C4 for 2022, effective from October 2021 production. As part of the changes, through a series of technical enhancements, New e-C4 Electric receives improvements in driving efficiency, enhancing real world vehicle range under a variety of driving conditions. WLTP certified range remains at 217 miles from the 50KWh Lithium-ion traction battery. OTR price £30,995 after the PiCG is taken off. LANCIA DELTA IS COMING BACK AS AN ELECTRIC VEHICLE Read more: https://www.carthrottle.com/post/the-lancia-delta-is-coming-back-as-an-electric-vehicle/ JAMES BOND'S ASTON MARTIN GOES ELECTRIC Read more: https://hypebeast.com/2021/10/lunaz-aston-martin-db-electric-vehicles-restomods-launch-info NEW QUESTION OF THE WEEK WITH EMOBILITYNORWAY.COM When buying a used electric car, how do you feel about servicing? Do you want the previous person to have been back to a dealer every year? Do you care? Some manufacturers like Tesla don't even have a service schedule so how do you feel about buying a used EV and it's service history, or lack of. Email me your thoughts and I'll read them out on Sunday – hello@evnewsdaily.com It would mean a lot if you could take 2mins to leave a quick review on whichever platform you download the podcast. And if you have an Amazon Echo, download our Alexa Skill, search for EV News Daily and add it as a flash briefing. Come and say hi on Facebook, LinkedIn or Twitter just search EV News Daily, have a wonderful day, I'll catch you tomorrow and remember…there's no such thing as a self-charging hybrid. PREMIUM PARTNERS PHIL ROBERTS / ELECTRIC FUTURE BRAD CROSBY PORSCHE OF THE VILLAGE CINCINNATI AUDI CINCINNATI EAST VOLVO CARS CINCINNATI EAST NATIONAL CAR CHARGING ON THE US MAINLAND AND ALOHA CHARGE IN HAWAII DEREK REILLY FROM THE EV REVIEW IRELAND YOUTUBE CHANNEL RICHARD AT RSEV.CO.UK – FOR BUYING AND SELLING EVS IN THE UK EMOBILITYNORWAY.COM/
American Greed Factory-Episode 439:Threshing Machine the poor. F1 update Russian Grand Prix, Car talk, Arguing about stupid shit, Tax woes, Tanks in the street, Faith based Economy, Satan and Power, Criterion Neo Noir collection The Hit.
Change management is a crucial part of any digital transformation or improvement efforts on the plant floor. But how do you deal with stubborn employees or older workers that resist technology? Taylor Harlin is a Learning and Development Change and Development Coach at Johnsonville and has fascinating insights into the nuances of human behavior on the plant floor. In the fifth episode of The Voices of Manufacturing, Brian talks with Taylor about effective strategies for gaining employee buy-in and unique ways to communicate changes with your frontline workforce. A full transcript along with additional resources are can be found here.
RunPure + Sports With Facts' JJ Apricena joins Super Contest Winner David Baker, BigT44 and JSURab to discuss the NFL WEEK 5 slate from a DFS and Vegas Perspective.#NFLWEEK5 #DRAFTKINGS #VEGASCheck out all our content at:https://runpuresports.com/https://runpurebets.com/https://runpureshowdowns.com/Let's pick some winners!RunPureSports.com is a Daily Fantasy Sports content site featuring advice from the top DFS experts in the industry including BigT, JSURab, Hoop2410, Andrew Peterson (AP) and more. Our experts are some of the most successful GPP tournament players and can help you build more successful lineups on DraftKings and FanDuel for Showdown and regular contests.
Can Cool Cats Flip Apes? | BAYC | CrypToadz | Yeti pump | GenX by House of Kibaa | Factory Projects | Twin Flames | Drifter Shoots | Mekaverse | Art Blocks | Ape Dao Remix | Gary Vee Christie's auction | travel detour | NFT.NYC | Cryptoslam Top 10 | Links:Drifter Shoots Justin Aversano Twin FlamesMichael Keen https://twitter.com/NFTicketJennifer Sutto https://twitter.com/jennifer_suttoNFT Catcher Podcast https://twitter.com/NFTCatcherPodproduced by Andy Cinquino https://twitter.com/ajc254NFT Catcher theme music by ItsJustLos https://twitter.com/its_JustLos
While losing is never fun, Raichele Privette and Mark Schofield explain why this Week 4 loss to Kansas City, 42-30 was a stepping stone for the Birds. Learn more about your ad choices. Visit podcastchoices.com/adchoices
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EP277- Holiday 2021 Preview Holiday 2021 will be one of the most uncertain holiday events in modern retail history. Major disruptions to the supply chain, the last mille, and to consumer behavior as a result of covid, will make this year extremely hard to predict and manage for brands and retailers. Will shipageddon 2.0 play out again this year? Will the supply chain become the supply pain? With Amazon and Target starting holiday deals early in October, and consumer still looking for scarce inventory late into January or even February, Holiday 2021 is likely to be 5 months long. In this episode we break down all the potential issues, and make some prediction about how it might all play out. http://jasonandscot.com Join your hosts Jason "Retailgeek" Goldberg, Chief Commerce Strategy Officer at Publicis, and Scot Wingo, CEO of GetSpiffy and Co-Founder of ChannelAdvisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing. Episode 277 of the Jason & Scot show was recorded on Sunday October 3rd, 2021. Transcript Jason: [0:24] Welcome to the Jason and Scot show this is episode 277 being recorded on Sunday October third 2021 I'm your host Jason retailgeek Goldberg and as usual I'm here with your co-host Scot Wingo. Scot: [0:40] Hey Jason and welcome back Jason and Scot show listeners, Jason this is a really good time for listeners to pause because we're going to do a deep dive here so that means it can be a little bit of a longer episode. And leave us that five-star review this episode is going to be so good you can go ahead and pre leave us the five star review so we'll wait for second for you to come back. All right thanks for doing that that really helps us out as we get the word out about the show, Jason last year at and I went back and had a one of our many interns look at this and it was exactly this time last year I think was actually October 2nd recording this in October 3rd so it's a pretty darn close. We coined and we were doing our annual holiday preview and we both coined and predicted ship again and that is where we saw pretty early on I think before a lot of the rest of the folks in the industry that there was going to be both a surge in digital adoption due to covid plus the normal holiday increase from e-commerce and that that was going to more than absorb all of the available last-mile demand and that's the why we coined ship again and it happened and it was bad but we all survived and made it through and hopefully the folks listening to this show got in front of that both on their business and personal side. [1:58] Well this year we want to use this episode and do a deep dive into what that's going to look like this year and it's a more complex situation last year was pretty easy to lie to read those tea leaves because you know we were already pretty close to capacity before covid and it was kind of pretty easy prediction to say that we're going to far exceed the ability to deliver the packages. This year we have a lot to unpack for you spoiler alert it's going to be worse than last year much worse because not only is it that last little piece of the whole digital retail chain of events The Last Mile that's going to be a problem but it's all the other pieces leading into it that are going to be a problem something we call the supply chain but this year we are going to call it the supply pain so we're going to peel the onion on this and first we're going to look at the economic setup heading into holiday 21 then we're going to look at the global state of supply chain then we're going to look at some of the holiday trims that are kind of factors we think that are going to tie into this last some of the pontificate errs are out with their forecasts and we're going to go through those and kind of see what we think about those. Jason want it could suck kick it off with the economic setup coming into holiday 21. Jason: [3:15] Yeah awesome Scott so first of all let me start by saying on the macroeconomic picture most of the professional analysts that look at this. Are pretty uniform in feeling like the consumer is generally in a good place that the economy is in a pretty good place and they are all very bullish on the consumers ability to spend this holiday. And I say that because my own personal feeling is that there's a little more uncertainty cooked in there there certainly are some encouraging favorable things. And there's a few worrisome things and I think. What's going to become the theme for all of these sections we talked about today is there's a significant amount of uncertainty there's a lot of things that could swing either way and have a dramatic impact on holiday so. It is what it is but. Sort of giving you how I look at the macroeconomic situation the first thing we'll talk about is inflation and there's a bunch of ways to look at inflation but a simple one is there's this thing called the Consumer Price Index which kind of. Factors in how much of each good consumers purchase and how much prices are raising for that, and the the CPI is it about 5.25% right now so that's pretty significant we more expensive Goods that consumers are having to pay. And ordinarily that inflation can be problematic for the economy a couple of things to know though. [4:43] If you kind of look at the shape of that CPI it actually is going down a little bit from a peak in July and so possible we've seen the. Peak of inflation and it's starting to come back down. Inflation is a mixed bag for retailers and holiday because they get more money for everything they sell they tend to sell less stuff but make more on each in certain circumstances it can be more profitable. Um but you know the goods are costing more we've got this 5.25 percent inflation. We also though have a pretty significant increase in wages so people are getting paid more for their work, particularly low-income people, are getting paid more for work retailers and warehouses and all kinds of companies are having to raise their wages to compete for the for this labor force that's been hard to find right now and so, wages are going up and in general the analysts would call those two things Awash that that consumers. Are getting bigger paychecks and they're having to spend more on their necessities and that at the moment that's about Break Even so two interesting things to know. [5:52] A kind of predictor of future spending is this this huge survey that University of Michigan does every month the consumer confidence index. And when when we were kind of in the peak of recovery from the first wave of covid-19, that index was a leading indicator that said consumers were starting to feel good about the economy and it hit like it's this index it over a hundred today it's sitting at 71, which is the lowest point since January of 2019 it's not, like a historic low or anything like that that you know you go like oh it's way below normal, but it does appear that consumers are in general feeling less good about the economy than they were, um you know just a month or two ago now there's a bunch of political news out right now and there was fear of government shutdown that we've already averted and those kinds of things have a big impact on the consumer index oh. [6:49] Um I that consumer index doesn't have a perfect correlation with spending so I don't spend too much time thinking about it but just to know, that's a number that had been favorable and is kind of shrinking down. A big one we talk about is unemployment because people don't have jobs it's hard for them to spend on Goods obviously at the beginning of the pandemic we had a huge spike in unemployment, unemployment is actually pretty good right now we're at five point two percent. The kind of pre-pandemic average was about four so we're not all the way back to pre-pandemic average but that pre-pandemic. [7:22] Point was a historic low so historically 5.2 percent is pretty decent for unemployment. Um so like most most analysts would say that's a favorable indicator the two things to know there is, that's based on the people that are seeking jobs and not getting it there actually is a ton of people that kind of took themselves out of the workforce we. Fully understand where all those people went but a big chunk of those people were second incomes for household so like a lot of women. That like maybe don't have as good a help childcare as they had before or more school challenges or things and so they haven't gone back to the workforce and many of them are seeking work so they don't show up in the unemployment number so. Just be aware like household incomes are somewhat stressed because of that factor and then as we've talked about before on this show like as of July. People that make over $60,000 a year the unemployment is actually ten percent better than it was before the pandemic so they're doing great. And the low-income people that are making less than $30,000 a year their unemployment is still 21 percent lower than it was. The beginning of the pandemic so so a little bit of a bifurcated recovery on the jobs thing. [8:38] One of the reasons that we historically have that we had high unemployment was because there's all these rich benefits this enhanced unemployment benefits that people got that all expired last week. So if people were staying at home because they could make more and unemployment that that justification probably ended. The bad news is that ended in 26 States over two months ago and in general the data shows that people did not rush back to work when it ended. So there's not necessarily a reason to think a ton more people are going to rush back to work now that that it's ended everywhere but we'll have to see. Um the other macroeconomic things all these natural disasters are negative to the economy so you know when hurricane Ida takes a hundred billion dollars out of the economy that's a bummer. Um [9:25] Another hugely favorable one in the one that most of us are hanging our hats on that are looking for a good holiday is the savings rate and this is the most unprecedented recession of all times. Unemployment you know went way up at the peak of the pandemic but so did savings which has never happened before, and part of that was because we had all this stimulus money we were pouring into the economy but the savings rate normally hovers around 8% it shot up to 32 percent during the peak of the pandemic, it's way off of that Peak it's a nine point six which is still a little higher than it was before the pandemic and that. All that extra money that a lot of household socked away because they got the stimulus and they spent less during the the peak of the pandemic. [10:18] Arguably puts consumers in a good place to spend for this holiday the counter-argument would be all that stimulus. Is mostly over there still are you know very lumpy employment situation and a lot of that savings has dwindled, um so we'll see how it goes, um but then the last fact I'm going to throw up before I go at Scott get a word in edgewise is that the stock market has done phenomenally right and, we're way up from the pre-pandemic level and so the investor class and people that have you know as a meaningful portion of their wealth. Tied to the market. Did terrific right and so if there is economic uncertainty and instability in this economy it's bifurcated and it's the lower-income people that like do not have equity in the stock market. Um there were her but roll all that up and the the professional analysts feel like. Macroeconomic situation all to all in is pretty good and of course when rich people do well that help certain sectors of the economy quite a bit right and at the moment luxury and jewelry are doing phenomenally well for example so. That's kind of my snapshot of the macroeconomy Scott anything you'd violently disagree with or anything you pay particular attention to. Scot: [11:45] I think I think that's right I think you know there's a lot of folks that feel the inflation the CPI isn't the right inflation number it's kind of this old metric. This basket of goods and doesn't capture a lot of things you know there's, I follow a lot of the crypto people and, so there's been a huge wealth creation through crypto and that whole world which is kind of interesting and then you know there's there's a feeling that the FED has pumped so much cash into the system that is just sloshing around and kind of crazy ways which is why you saw that savings rate kind of go up as high as it did and you know they're they're talk track goes that that's why we're not seeing as much employment where folks have taken so those free free dollars and and you know. Done something with it so that they don't need a job now or they're going to be less likely to enter the workforce but I think at all. Yeah I would say I agree with the analysts on that it's going to be a pretty good holiday. [12:51] But I think the problem we'll get into that as I just don't think there's going to be a thing to buy so I don't not sure if it matters. Jason: [12:56] So step one American families probably have some money to spend okay so now as we've already alluded to the next challenges what is the supply chain look like and what could they spend it on and Scott what's your kind of read there. Scot: [13:13] Yes Supply chains from those things we always talk about but then you know in in your mind you have this kind of linkage these things linked together I remember as a kid when you would cut out the little construction paper strips and make the little chain to go around. The holiday tree there II reminds me of that and we kind of vaguely talk about it as this big, big thing and we want to really unpack it on this episode so as a summary you know there's when you make a product let's say it's one time in a million familiar with right now is a vehicle that which is one of the more complex products or even a. You're relatively simple product like an electronic toy or an apparel item or almost anything it's going to have first of all it. It's going to have component parts right so there's going to be some form of pieces that go into that I kind of mentally think of them as the Lego blocks that make up that item so if it's a cool trendy trench coat there's going to be obviously fabric buttons may be a variety of fabrics and things like that so there's generally it's hard to make any product without there being at least 10 inputs and then many times, thousands if not tens or hundreds of thousands as you get into like iPhones and vehicles and stuff like that. [14:33] So that's important to remember is each one of those component parts has a supply chain right and you can't make a widget until its component pieces are all there so what happens is we're seeing this really interesting and it's hard to know the root cause or theirs some of the economic stuff you talked about is part of it we're we're just having labor shortages that cause things but then you know we'll talk about some of this there's we import a lot of our goods from China and they're having all kinds of issues of their own there's covid related things non-covered related things but generally let's think about the supply chain and kind of the broad sense of you have typically the bulk of goods are made offshore some of them are are made on Shore but let's kind of assume in this example A lot of these products are coming from offshore or at least income the many of the components maybe there's some assembly in the US but at least the the components for a any widget are made offshore so that's number one so that has to be made in a factory somewhere and then shipped here so there's the port of origin so it leaves a port in a foreign land and then needs to come on its way to the United States for a consumer to buy it. That Journey can go a variety of different ways will to it can go by boat or air, the standard way that products are moved is through containers so you by everyone seemed these containers there's all these cool. [15:57] We just opened up here a restaurant container Village kind of a thing so you have those containers their specialized boats that carry these and and or you can put them on airplanes. So then they get on a boat let's say the bulk of products do go by boat there is some by are then they have to go over the sea and then they get to a destination port so there's you know there's two ports involved with every product that comes across in a container then it has to be unloaded from that boat you've probably seen these giant cranes somewhere. [16:29] Fun Star Wars fact those are the that's where George Lucas got the idea for at-ats he saw some of the cranes and one of the ports on the west coast and thought of what if you had a giant walking robots that look like that so those have to be unloaded and then typically you're going to put them on either so then when they get to the United States in one of the ports they're going to be offloaded onto either a truck and then part of the truck that's really critical in this is called a chassis so if you've ever seen you've probably driven by a million of these container trucks but if you take the container off that's the chassis part as you've got the front part of the truck, then you've got the chassis which holds the container and then the container sits squarely on there it's pretty clever if you think about how it's all been designed or that same container can be put over on rail so there are specialized railroad cars for carrying containers and then and then the product goes on its way then it makes it to a warehouse and then it goes to from that fulfillment center it gets distributed many times do a couple maybe from a big kind of inbound fulfillment center to some regionals to some locals and maybe even one step closer to kind of hyper local and then it gets into the last mile delivery part of the world so it gets onto the virtual shelves and then is sold and goes into that last month so [17:52] There's there's a lot that has to happen right in there and we're going to go through some of the things that are not working right now and you know like any any chain any. There's at least common denominator problem so all that can work great and if you don't have Last Mile Vehicles then you've got a problem or, the factories aren't making things fast enough then the whole chain is compressed and you've got this other set of problems and you know where we are now is almost every single part of that chain I just walked through is is kind of you know sport or in a bad situation right now and we'll take you through some examples. Jason let's start with factories what's going on there. Jason: [18:34] Yeah well a couple challenges with factories so obviously the we have the most factories in China and the good news with China is. Covid is mostly under control they definitely have had a. A spike from from Delta they almost had had down a zero before Delta. [18:55] Because of their their concerns about the the virus they have China has what's called the zero covid policy and what that means is. If they have a single case of covid they will they will shut down an entire business or. Even a sector of business so while there's not huge outbreaks of covid and factories right now. There have been a bunch of examples where only a few cases of covid showed up and that caused a factory to be closed for two weeks so there there have been some disruptions with the Chinese factories. But the bigger problem has been that it, from before and in the very beginning of covid a lot of manufacturing got Diversified and moved out of China right and so the second biggest manufacturer of apparel behind China right now is Vietnam. Vietnam has had a lot of trouble with Delta and about a third of the factories in Vietnam are shut down right now so a lot of the factories that make goods are not making as many Goods either because. [19:56] They don't have very good access to vaccines and they're having covid problems or they have really rigid government policies like China. And then forecasting a future problem that's a huge Debbie Downer, is China is actually experiencing a real energy crisis right now and China always has to kind of, ration electricity and they give quotas at the beginning of every year to these factories and factories often have to shut down because they exceed their quotas. Well this year like they have less. [20:31] Energy capacity in China for a variety of reasons in the cost of coal has gone way up. Um there's there's fixed pricing for for energy in China and said the producers can't charge you more even though the cold cost more and so they have less incentive to make it which means there's less energy and so there's a lot of fear that there's going to be a ton more slowdowns of Chinese factories because of this looming energy crisis so all of those things. Our kind of conspiring to make like the amount of product available from the factories like. Significantly inconsistent and hard to. Scot: [21:12] And then say the call thing and because I have read a couple articles on this and I haven't under Center so they're in an attempt to be green they've lowered the price of coal so cold manufacturers have stopped making goals that. Jason: [21:26] So I think that's what the the green thing has a significant impact here but the the communist country they set the the. It's a. [21:37] The energy industry is a tightly regulated industry and so the prices are fixed so that so the government decides the beginning of the year what the price of electricity is going to be. [21:47] So then these factories are only allowed to charge that price or plus or minus 10% of that price, and coal is four hundred percent more expensive so a lot of factories don't want a lot of power plants don't want to make energy electricity from coal right now because they can't do it profitably, they don't have permission from the government to charge for hundred percent for their electricity but they're having to pay 400 percent for their coal so. There is less production because of that it is also absolutely true that China has some, zero emissions by wants a 2060 things and they have concrete milestones in place every year and so even before cover that constrain how much electricity they were going to be able to make this year with current production means. And it meant that factories had a quota, um and and often that means Factories do periodically shut down when they use up their quota factories are rushing to get more efficient so they're all its, it's like everything it creates all these Downstream effects whatever equipment you use to make your stuff there's probably a more energy efficient version of that equipment that you now want to buy. But it's hard to get your hands on so all the factories are competing for the more energy-efficient versions of all this this materials, but the it's likely that more factories are going to be shut down for longer this year than ever before because of energy shortages. Scot: [23:14] And I saw an interesting graphic I forget I think is there Bloomberg or Wall Street Journal where the government then said well if you're going to shut down energy they created these zones and they put like a lot of that Apple manufacturing plants in The Greener zones that we get more power but then they neglected a lot of the input parts so. But the factories that can make the iPhone 13 or operating but they're sitting there idle because the the red zones that aren't getting a lot of power or only able to run like half a shift are. Jason: [23:44] Per your point like even if the Lego factories allowed to make Lego castles if they're not allowed to make red blocks. It's tough to make a lot of weight so castles so that that is yeah. It's a mess and then to give you an idea how cute it is normally they only shut down the the industrial areas there's so much constrained energy now that they're starting to shut down residential areas so people are. Are like having their power in their residences turned off as well. Scot: [24:14] Interesting and then I've been tracking ports here in the US very closely but what are you seeing at ports of origin in other countries. Jason: [24:24] Well this is one we're very publicly this zero covid policy that China has instituted has come into play. So that that all the biggest ports in the world are in China the third largest port in the world is divided into four terminals one of the four terminals was just shut down for two weeks because of a single. Positive test of covid and so that again to the extent that the factories are making stuff and they need to load up all those containers, um if they have to stop loading for 2 weeks that that creates a real lumpiness in the in the supply chain and that is a particularly hard thing to predict right like if you're just saying like oh man of. Factory you know has a bunch of sick workers it's going to shut down you can kind of watch that and see it coming but what you can't see coming is, you know a very small number of cases having a very material impact on the supply chain like these these ports that are shutting down and so the. The those impacts are sort of outsized on the supply chain at the moment. Scot: [25:34] Yeah and then so so now we've got our products you know, if they can make it through this Gauntlet that we've already laid out they're going to get on a boat and they are going to go get packed into a container and there's a fun if you're a business you're trying to get as much of this product into a container as possible because it's pretty much all you can eat once you once you buy a container there's fractional containers whatnot and because of there's a shortage in containers and then the cost to send these containers has gone way up so right now as we record this the cost there's actually an index you can look at this so if you were will put a link to show notes but if you Google Freight Fredo's fre IG HT o s index there's an index that tracks this and we have hit a record of 20500 86 average dollars to send a container and that's twice what it was in July of this year and that was twice of what it was in January so we effectively you know in July it was about ten thousand dollars and in January as about five thousand dollars now another interesting Factor here is depending on how many units you put in a container you divide that that unit cost right so if you're putting I'll keep the math easy a thousand units in one of these containers which would be something relatively big you're going to you know you just added effectively another. Yeah. [26:57] Let's see I should have smelled your $15 to the product just in kind of Landing cost with this with this increase so whatever your cost is on a per unit it's gone up effectively 4X since January so that's a factor to consider. [27:15] And what I'm what I'm hearing from people on the ground is you'll go bid and you kind of get get in front of this number right now so you're actually out there bidding today 30,000 to get a container and then you think you'll have one and then they'll say oh you know we need to re-evaluate that because they can the shipping company I'm talking to is now saying is 33,000 so there's this like running auction to get. Space on these boats that are coming over because of some of the rest of the supply chain that will talk about so. [27:46] So how about are so that's that's what it looks like by boat what are you seeing on the air side. Jason: [27:51] Yeah and obviously the most cost-effective way to get all this stuff here is via boat so you'd prefer to do that but when the boats aren't available or if you you need stuff considerably faster like a, in Good Times it takes about about 40 days to move a container from China to the west coast of the US so. Some Goods do come via air and little known fact 50% of Air Freight that comes into the u.s. comes on the bottom of, passenger airplanes right so it's not it's not FedEx and UPS planes flying from China to the US cargo planes it's, it's the bottom of these passenger planes and guess what is not happening right now is. International so there's just way less flights and said there's way less capacity for this Air Freight and so both, because there's more demand for Air Freight because of all the problems with the ocean Freight and because there's less Supply that the air option has you know been dramatically diminished from where it would normally be. Scot: [28:56] Yep so then so then you decide okay well I've got to put on a boat you do that you wait your 40 days and then what you find out is your delayed for a very long time because the heart problem is the u.s. ports are all pretty much maxed out so we've kind of done this very big under-investing in our ports so one of our our biggest one is in Los Angeles at Long Beach and then we have Savannah New York New Jersey and then there's a lot of secondary and tertiary ports but those are the big ones and there's another index that Bloomberg, puts out which is effectively the number of boats that are anchored offshore and you know what you want to you never want to Anchor these things because effectively they're just sitting there all that product just sitting there you know. Doing nothing waiting and the reason the reason why they're sitting there is the ports are they can't unload the products fast enough. [29:55] There's a million reasons why we'll talk about that in a second but this just actually ticked up over there's over 40 boats, and this is interesting I've read a data point this has 74 Los Angeles and 40 I think there's 40 anchored in 30 actively kind of being done there's these Maps if you look at my Twitter feed I just tweeted one to just show you know the port and the congestion there's just all these boats just sitting there waiting to come on shore I have a friend that lives in LA and they can just as they drive around they can just see the boats out there just fact it's very unusual time frame. Jason: [30:30] One of the supply chain guys I work with suggested that we should start a new company Uber barge where we deliver like In and Out Burgers to all these boats that are stuck offshore. Scot: [30:39] Someone someone tried to actually get a helicopter to go out one to get their container often. You can't do that because if you've ever seen these things are stacked like 50 deeper someone is crazy you can't just say I really need that one right there so this this index just ticked over 70 for the first time ever since has been created which is just just crazy. [31:00] And so why is it taking so long to offload the boats well we have under invested in these things and then we have this discontinued problem with the supply chain. Number one there's not enough people to I think it's longshoreman there's a lot of these Union type jobs that you hear about that do this so there's a longshoreman or the ones that offload products for a long time due to covid they were only running like half the number of shifts that used to so they have actually spun that up, they're running more shifts but now there's a shortage of chassis and then because of that. [31:37] You know if you don't have chassis you can still off load the boat but now you have to put it into kind of medium term or short term storage and then all that is full so there's not enough chassis there's not enough truck drivers if there is chassis and then if there's not chassis all the storage is full and then, the one when a product comes off the boat at the Port it can either go by truck or rail the whole rail system is all jammed up as well the this is interesting I read this one article that. Near you in the Joliet train yard which is one of the biggest ones in middle of the country they're so jammed up they have over 8,000 containers stacked there waiting for more training capacity and then some some days the trains are backed up for 25 miles waiting as they're loading these containers on there to try to do this, normal turnaround for a chassis to go at a port to deliver something to where it's going and come back is three and a half days due to all these various shortages that is extended out to 17 days so that's pretty crazy. A big factor in this port jam up is also the shortage of drivers and I call them CDL Drivers which is a commercial driver's license. [32:49] To drive one of these 18-wheelers that's going to carry a container you have to have a you know a certification for a certain type of vehicle there's It's relatively, no time-consuming to go get the certification and the number of drivers that have this is actually decreasing over time as they age out and enough people are coming into the profession so I read one article and this was by one of the one of the professional groups of CDL drivers that there's about 240,000 shortfall of CDL Drivers compared, kind of where the demand is there's about you call it to and 50,000 fewer drivers than they need so we're seeing you know I think I can remember was you or someone but Amazon and Walmart are ineffectively gunfighter these people where they're charged their they're paying crazy signing bonuses and hourly rates and salaries for any kind of truck drivers and so because they're the biggest. Employers of these things they tend to have the better economics and its really starving out other parts of the market as they absorb all the available CDL drivers. Jason: [33:57] Yeah that Walmart's paying a hundred and for a new driver $160,000 a year and eight thousand dollar signing bonus. Scot: [34:04] Yeah yes it's not uncommon uncommon thing to see out there it's pretty crazy, so that's what's going on at the ports it is a hot mess on this side as well so even if you are fortunate enough to get your product here to the US then you know you're looking at probably an extra 40 days I think is kind of you know what everyone's saying right now and that's average it can take a lot longer the LA Port is so jammed up that people are are they're rerouting you know rerouting boats across the sand getting them to other other ports but there are no like there's one in Georgia and it's the Savannah one and it's getting backed up I just saw they authorized building this this kind of effectively opening up a big giant parking area to put containers and that's going to give them some more storage capacity but you know where if you add up those, here we are you know in October and you start adding these things together the the holidays pretty much baked at this point right there's you maybe have 15 to 20 days of window here for stuff you already ordered. 80 days ago to kind of get here but none of this stuff is going to get fixed fast that's going to be part of the problem. Jason: [35:17] Yeah yeah if you follow the earning calls like Nike for example like dramatically lowered their guidance and they said Hey look it's it's cost four times as much to get a container of shoes here and the container takes twice as long to get here, and so we're just not going to have the supply to hit our original guidance and and Nikes better this than a lot of other people so it's a. [35:41] Pretty prominent problem and then there's all these secondary impacts right so you mentioned the math of the container right like you'd like to fill up that 40-foot container with Goods if your goods only take up 90%. Ordinarily you'd put someone else's Goods in the last 10% to try to make it more. Cost effective and efficient and share those costs but when the unloading is so gummed up what you don't want to do is have a secondary process where that container comes off the boat has to get re packed your stuff goes One Way their stuff goes another way, so people are actually shipping containers less full than they normally would which is entirely counterintuitive for what you would expect. The boats are all slowing down because they can use less gas to come here and 80 days then to come here in 40 days because there's no place to unload them. Um and the the supply chain guys I'm like we've been helping a lot of retailers hire truckers lately and they kind of summarize it real simply like the average commercial truck driver was 55 years old with multiple comorbidities a bunch of them. Retired and all the trucking schools that can teach people to get these licenses shut down for covid so there were no new licenses being issued for like. [36:54] Year and so there's just this this huge acute problem. And then you know without those truck drivers with the train problems and Barge problems of your on the Mississippi there's just like no place to move all those goods. You mentioned people are moving the boats from from some ports to secondary ports. That helps somewhat but the biggest cargo ships can't even fit in these ports right so I Long Beach the one of the most advanced Sports we have certainly the most advanced on the West Coast, um [37:27] Can't take the two biggest class of ships it can only take the third biggest class of ships and then as soon as you divert that ship to Portland instead of Long Beach. The the that class of ships won't won't fit there and so like there's there's a limited option to just move the stuff around so we're just we're gummed up like never before and most scary of all Gap and their earnings call kind of said like Hey we're loading our guidance and we're going to very lumpy inventory and we don't see any alleviation of these inventory challenges until at least 2020 3. Scot: [38:06] Yeah in the Auto World we're having a huge problem here where there's a chip shortage and then. [38:14] Another problem is you spend down these factories they don't just get spun back up because all the component parts are you know they stop ordering them and then those factories and everything so so even as chips are starting to come in a lot of vehicles can't be made because there's some other component that now is stuck in one of these containers that that were talking about I read this other interesting article where Coca-Cola has several of their bottling facilities that are down waiting on replacement parts so they went and basically least 20 or 40 bulk ships they didn't even worry about getting containers and they just jumped onto those ships the pieces they need to make their factories work and and are bring him over in this kind of crazy never done before way for a big company. Jason: [38:58] Yeah and I guess that that's one last point on this supply chain thing. It definitely is favoring the biggest players in every industry right so if you're the you know the biggest receivers of goods in the US. You're still being impacted by all of this but you're first in line for what capacity does exist and you you mentioned the games that the Brokers are playing with the price of containers that's going to happen a lot more to the independent shipper than it is the you know number one or number two shipper for that port and so. Well this this is a pain for every retailer in America it's going to be less painful to Walmart and Amazon then it's going to be to the, the medium-sized specialty retailer for. [39:49] And I was just going to point out I think you saw this as well as got but like Salesforce kind of put together a holiday forecast and they looked at all these supply chain problems and they're estimating, that this is going to add about 233 billion dollars in extra supply chain cost to holiday sales for the US so that's. Going to come like straight out of margins basically or or drive more inflation. Scot: [40:13] Yeah that's for the products to get here there's this another side of that equation where which is the opportunity cost right because you know. There's not gonna be a lot of exciting merchandise on the Shelf so we're what's opportunity cost of that we'll have to kind of. We'll get to that I guess we talked about forecast so what what holiday behaviors are feeding into this. Jason: [40:34] Yeah so tricky this one is there wild swings both ways right so you think if you remember at the beginning of covid there. Fundamental changes that happen people spend a lot less on travel they spend a lot less on restaurants they spend a lot more on their homes and they spent a lot more grocery stores right and so then as, people got more comfortable as people start getting vaccinated as infection rates are going down we started seeing all those things swing back right and you started seeing, a lot more bookings that are being be you saw a lot more Airline reservations you saw a lot more traffic coming to stores and you certainly saw a lot more people going back to restaurants. Then Delta hit. And we saw a dip again and people started returning to the the the kind of earlier covid behaviors not as dramatically as the first wave. [41:25] You kind of had a second wave and so predicting which of those, behaviors are going to be at the at the peak for holiday is really hard right now so retailers are looking at consumer sentiment and Doug mcmillon in his investor call he's like hey. Our consumer has told a strongly they want to have a normal holiday that they want to sit down with their family and have a meal, they want to travel they want to do the normal things and there's a strong desire and that if it is remotely safe they will do it and Doug's I kind of under his breath comment was. [42:05] Even if it's not safe they're probably going to do it right so, his viewing is there's there's so much fatigue in all of these like covid change behaviors that were going to see a significant return, you know closer to pre covid behaviors but you know we are we are seeing some signs go the other way, in the u.s. store traffic never fully recovered we are still down about ten percent versus pretty covid levels in China store traffic totally recovered and then Delta hit and store traffic drop back down, 30% below pre-pandemic levels and so since China has historically been about 4 months ahead of us. That that would predict that we're going to see another drop in. Um store traffic which again doesn't mean people won't spend it means they're going to buy more online instead of in store and that exacerbates all of The Last Mile problems that we talked about last year and we're going to talk about it. [43:09] Again this year so it's really risky to predict. What's going to happen with the coded behaviors people were starting to buy a lot of clothes again after having not buying clothes in here and now the closed sales are slowing down and then we talked about. Apparel is one of the categories most impacted by all these supply chain issues so there just may not be close to buy and so really hard to predict that stuff. Um but what I can tell you is retailers now have a couple of reasons to desperately get you to shop earlier right one reason is they're not going to have very much stuff and they don't want to be the Grinch that caused you to miss Christmas so they desperately want you to come in early, and give yourself the best chance to get the stuff you want so, the every retailer is more loudly than ever before trying to incentivise and entice customers to shop early. [44:03] Also if this ends up being another digital Christmas where people shop a lot more online than they do in stores, we have a huge problem with the last mile we don't have enough capacity in FedEx ups and u.s. post office to deliver twice as many packages over holiday, and so we need to spread that those those orders out over more days and so for all of those reasons we're seeing retailers start their sales earlier than ever so. To kind of paint you a promotional picture Amazon Prime day normally is in summer it historically celebrated Amazon's birthday which is in July. So then the pandemic kids they can't have a July sale so they have an October sale and it went really well. So this year they went back to Summer but they went to earlier summer they had the sale in June and a lot of us think they did it earlier in June for one of two reasons either they hate their own C fo and wanted him to have to talk. On earnings calls about the sale being in a different quarter every year for the last three years or. They were having a sale earlier to make room for a second big sale they intend to have this year during holiday to kind of repeat the success of. [45:11] Of holiday Prime Day last year and we haven't seen any all the announcements yet but Amazon has already announced a 30 day. Beauty and personal care sale starting in October of this year Target match that and said hey we're going to start our deal days in October, and we're price-matching for the whole holiday so if if you don't believe us and you think we're just making a joke about these early sales and you think there's going to be better sales waiter know if you buy it early will guarantee you, that will match any lower prices that you see anywhere for the rest of holiday so targets leaning heavily into that. And we think most retailers are going to launch their sales. Earlier than ever before to try to pull in these these early Shoppers because of all the supply chain and inflation issues. The sales aren't going to be as good as they usually are like that what used to be 40 percent off is going to be 25% off but what deals they do have are going to be earlier in the year to try to drive those, those sales earlier. [46:21] And people aren't going to get everything they want they're going to be limited inventory and so what's going to happen people are going to get more gift cards people are going to celebrate the holiday later and we're going to sell more stuff in January January is always a good holiday month anyway but January is going to be disproportionately large this year because of the lumpy supply chain think so, if you think of holiday as generally like being a strong peak in October between that that the kind of turkey five, this holiday more than ever before that spending starting in October and is going to last all the way through January. Scot: [46:58] And then as we get to the last mile we're definitely have another ship again so we've got we haven't increased our capacity hardly any because you can't really buy Vans and the everyone's renting Vans and there's just this fixed number of biliary vehicles and if we're going to have this Less store traffic even more e-commerce than last year even if you throw you know maybe. [47:23] Low middle digit low single digits on there like five or 7% or something well we effectively had 98, we can only deliver like 97% of the packages last year so it's going to make it a now will only be a little deliver maybe 90% of the packages so it's going to be really tough delivery, set up coming into the holiday. Jason: [47:46] I think the like some data points I saw the that are alarming like so number one. All the Fulfillment centers have an average turnover rate of like four hundred percent a year right so they're having a hard time hiring people and keeping people. FedEx in their earnings call said that like we just can't staff some of our distribution hubs so we're having to reroute packages in a less efficient manner, because for example we only have sixty percent of our labor force in our Portland Hub right so ordinarily they would try to, be at a hundred and twenty percent of their labor in these hubs for holiday with all this seasonal labor and this year. [48:24] They can't even fulfill all the permanent jobs they have so there's not going to be a seasonal Flex. For the main carriers you know the Retailer's do a lot of seasonal hiring for stores but they're prioritizing the seasonal hiring for their fulfillment centers over the stores because they're so. Worried about enough labor to fulfill all these packages and then you know when when FedEx and UPS have less capacity. What do they do they smartly charge more for it so we've seen gas surcharges we've seen holiday surcharges and and they're now announcing their rate hikes for January and FedEx announced the largest rate hike they've had in the last ten years so on average, it's almost six percent as 5.9 percent rate hike it varies wildly depending on the class of service so some kinds of shippers are going to get hit much harder. Um and just like last year all of the the big shippers have a quota and they're not going to be allowed to ship more more packages. The maybe one silver lining in this is that. Because readers are likely to be more successful in spreading the demand out this year than last year that's going to help a little bit and. [49:37] As a as challenges everyone's going to be with the capacity last year there were political challenges that that particularly got the US Post Office sideways which is a big part of this whole chain. And they don't anticipate that that will be as bad this year and so there is absolutely going to be ship again in 2.0 this year with the, the The Last Mile but the most of the analysts I'm talking to are saying the first mile is going to be so disrupted this year that the last mile is going to seem. Less severe in comparison whereas last year the the holiday challenges were all about the last mile. Scot: [50:16] Yeah and you know the double-edged sword of there not being enough product is maybe there just won't be enough product and it won't you should be getting but if whatever there is is going to get jammed up I think. Jason: [50:29] Yeah so that's a great transition to so like that's a lot of Doom and Gloom what's going to happen for Holiday should we all be shorting the retail stocks like what's. What's going to happen. And spoiler alert I don't know well we'll talk a little bit about our educated guesses but maybe before we do we can walk through some of the the forecast from the the brave souls that have been willing to share their holiday forecast. Scot: [50:56] Yeah the one the one I saw was from Salesforce and they, they say that e-commerce is going to be up 7% versus kind of that huge surge last year which was like you know fifty percent so they're coming in kind of with a moderate 7% growth which which is done yeah I think that would be the probably the slowest e-commerce growth since 2008-2009 yeah. Jason: [51:24] 2008. Scot: [51:26] Yeah that's that's the one I was tracking and you know when I read through the bullet points it made sense they're definitely putting a pretty wet blanket on things due to the this kind of quote-unquote Supply pain. Jason: [51:38] Yeah and it is tricky so they were the only one I've seen that's done an e-commerce forecast right and I would say that's the most uncertain because. Of we just don't know whether people are going to go back to stores or whether they're going to be worried about health and ordering online when they start having constrained. Um supplies is that gonna. Push them to online more because they can hunt more places or is that going to entice them to go to the store because they can use their eyes to see the inventory for themselves like there's, there's a lot of variability in that e-commerce number but I would remind people even as low as 7 percent sounds its. 7% on top of the huge bases from last year right so it's it's that's not a decline in e-commerce by any means that's a slowing of the increase just as a reminder for. People. But then I did see several like of the other the kind of traditional Consultants put together an overall holiday forecast right so beIN predicted that they were going to they thought holiday was going to be up seven percent from last year. [52:45] Deloitte said that they thought holiday was going to be up between seven and nine percent from last year. And MasterCard said they think holidays going to be up 7.4 percent from last year so. To put all three of those numbers in context those are all huge numbers. Um last year was the best holiday year in 10 years and sales were up 10% but the average is about 6% so saying we're going to grow if. You know these three things kind of all averaged out to about seven percent growth if we're here we go. If all holiday store an e-commerce gross 7% on top of the ten percent from last year, that's a phenomenal holiday and so that says, that these guys are pretty confident that the consumer is going to spend even if they can't find exactly what they want right that the supply chain is going to be painful but that the all the macroeconomic stuff we talked about at the beginning is going to win out and consumers are going to spend a lot of money this holiday I. [53:49] I want to believe this I'm going to be pleasantly surprised if it plays out like that right and my um, the the one caveat I'll say is that us retail is incredibly Diversified right and so for every category that's going to get shellacked by the supply chain or by changes in covid behaviors. Some other category is going to benefit right and so. It is true that the holiday could absolutely hit these numbers like I'll remind people that cars are 25 percent of retail sales gas is another huge chunk of retail sales. Some of these forecasts have those things in some don't some of these forecasts are for November and December some are for November December and January like everybody has a different definition of retail and a different definition of holiday so, you can't really apples-to-apples any of these but I pulled all the US Department of Commerce data and again last year November through January 10 percent growth, average of the last ten 10 years is about 6% growth so 7% growth is a. A terrific number and. I don't know I could see it happening if it happens it's going to be because there was a we had the most Monster January ever because I just don't think there's going to be enough Goods on the Shelf in November and December to do. Scot: [55:17] Yeah I'll take a so I think the winners are going to be the companies that have the most power and smartest supply chain operators so I think Walmart and Amazon. Maybe Target I don't know them as well do they have a you think they feel like they have a pretty dialed in. Jason: [55:33] They Walmart and Target both in their earnings said like look our inventory isn't going to be isn't where we want it it's not going to be where we want it but we we in general are feeling good and neither one lowered its guidance for holiday in their last earnings call so they both felt that they were going to weather the storm but you know below that you go look at like a Bed Bath and Beyond and they're like look there's no way we can hit our numbers with the supply we're gonna get. Scot: [56:00] Will they miss this quarter and if you miss this quarter you're just going to get worse the next quarter Seth. Jason: [56:04] Exactly exactly. Scot: [56:06] It's a poop storm now and it's gonna be a bloodbath and in 90 days yes I think I think if I kind of do the calculus on that I think those three guys win I think everyone else is net negative and. You know I don't think those three are big enough let's say they represent Amazon's kind of half of e-commerce only think about e-commerce the rest of retail is. That's your bailiwick yeah Amazon's half, yeah I could see it being flat to down five percent because. Amazon Walmart and Target doing decent isn't it be enough for to make up for the whole that it's created there so yeah so that's kind of, where I see it it's going to be the big get bigger and stronger and because they you know they have Prime, they have more technologies that this has been on their radar longer they have more containers they have more trucks they have more dollars to spend on solving these problems they're going to be the winners so that's going to be you know it is going to be I think a bad year for the small medium sized business the incumbent brands that are just getting their legs under them and you know having to kind of have a Miss effectively miss a holiday because you couldn't get a bunch of product it's going to be be a rough rough year for everybody. Jason: [57:25] Yeah no I in a way it's going to be the exact opposite of last year when covid first hit nobody obviously had Advance warning or was prepared for this and so a secondary impact was a bunch of eCommerce sites that didn't traditionally get a lot of consumer visits, got a lot of Trials because Amazon constrained FBA in Amazon head supply chain problems right and so suddenly you were looking to get your instant pot from Bed Bath & Beyond suddenly a bunch of people are looking to see what eBay had, that hasn't shopped eBay in five or ten years right so a lot of those kind of second-tier eCommerce sites got extra visits as people were. Trying new address the supply chain shortages this year I think we're going to have exactly the opposite there's going to be a ton of supply chain shortages there's going to be a lot of, news stories every day about supply chain shortages and the big players with the best infrastructure in the most advanced supply chain planning, like the Amazons and Walmarts of the world and and targets, are going to be the winners and it's going to be a lot harder for those specialty retailers and Regional retailers to compete unfortunately. Scot: [58:41] Yeah I think that that is the setup and we will continue so that hopefully that gives everyone an idea of the big talk in the industry and you were just at an industry event is this what everyone was talking about Jason. Jason: [58:55] Yeah yeah slightly less than I would have expected I mean it was a huge topic everyone understands the supply chain thing. I do think it was the first conversation a lot of you know customer experience folks and people that you know we're kind of had their head down in their own in their own Silo you know we're suddenly getting their eyes open to the fact that like. Yeah your customer experience is going to stink at there's no products on the. Scot: [59:20] Mix the CX person's job a lot easier they just you know just take the holiday off. Jason: [59:26] Yeah and so you know it is interesting though again like. [59:31] You know we may we may hit the top line numbers and it may be from a lot less items that sold more expensively. The you know category there's going to be winning and losing categories by far and again because of the consumer health and the supply chain issues, the supply chain for diamonds is looking a lot better than the supply chain for Budget shoes and so you know you just may see what jury where you know you say you sell a few things for a while, do better you know where there's extra scarcity then you know some of these low-margin high-volume consumer goods and so I think. [1:00:08] My key takeaways for everyone is it's going to be a very lumpy like the averages will be interesting we should all follow them but but every. Um retailer and every category is going to experience a very different holiday and there just is more uncertainty than there has been in the last 30 years of retail so like for anyone, to definitively say this is how it is going to play out I think is super risky because there's so many things that could go either way at this point, will consumers you know by another toy when they can't get their first choice will consumers go to a restaurant you know or not will consumers take a vacation or not. You know all of these these will they pay 5% more for something or not like there's just so much uncertainty that you know this is going to be. Holiday that really rewards people that do good scenario planning and are prepared for any eventuality. Scot: [1:01:06] Absolutely and we will keep you posted here on the Jason Scott show but hopefully this gives everyone kind of a framework to work within and we'll be updating various components of the supply pain as we get closer to Holiday. Jason: [1:01:22] And until next week happy commercing!
In today's Second Date, something very peculiar killed the mood at the END of the date...And it WASN'T the matching t-shirts they bought.. It happened in a parking lot and our listener hasn't been able to get a call back ever since.
In today's Second Date, something very peculiar killed the mood at the END of the date...And it WASN'T the matching t-shirts they bought.. It happened in a parking lot and our listener hasn't been able to get a call back ever since.
Dan, James, Andy and special guest Mary Roach discuss vomiting vultures, bootleg truffles, hairy astronauts, and the seediest postcards ever sent.
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