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Suppliers Struggle To Keep Up With Manufacturing Snap Back

PYMNTS

suppliers are struggling to keep up, a report from Fox Business says. The prices for things like steel, aluminum and lumber have risen in concurrence with higher order volumes, and commodity supply chains have become inundated with mass order quantities. With the U.S. economy recovering faster than usual, U.S.

Industry 207
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Liberty Steel wants to buy time, but who will want to snap up its assets?

TheGuardian

As creditors circle, plan to sell off its key aerospace supply plant comes with one major hitch Any progress is better than none, an assessment that could apply equally to Sanjeev Gupta, his creditors at Credit Suisse and the 3,000 workers at Liberty Steel companies in the UK. Nobody, though, will be under any illusions.

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Sanjeev Gupta could face MPs’ questions over Liberty Steel

TheGuardian

Magnate may be compelled to give evidence as business committee launches inquiry in wake of Greensill Capital collapse The steel magnate Sanjeev Gupta could be summoned in front of MPs after the parliamentary business committee launched a formal inquiry into Liberty Steel following the collapse of its largest lender, Greensill Capital.

Capital 74
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Credit Suisse winds down $10bn in funds as Greensill bank prepares for insolvency

TheGuardian

Investments in loans linked to ailing supply chain bank closed, adding to fears for British steel industry Credit Suisse is winding down specialist funds worth $10bn (£7.2bn) that were mostly invested in loans linked to Greensill, the crisis-hit supply chain bank.

Capital 88
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Coming Soon: Same Day ACH Phase 2 – Debits

PYMNTS

Hollywood metaphor (almost) aside, there’s another industry near and dear to the Faster Payments Tracker ’s heart, and it’s also producing sequels these days. But, despite numerous questions from the industry, the Phase 1 rollout went down without a hitch. It was the biggest thing to happen to the ACH Network in 40 years,” Steele said.

Regional 113
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Fed Report: 2020 Closes Out With Slight Economic Uptick 

PYMNTS

This latest report shows how the impact of COVID-19 varied by region and industry as the infection rate escalated, which dashed hopes brought by the arrival of the vaccine. Almost all districts indicated a slight boost in prices since last month’s report, with building materials, steel products, and shipping services going up the most.

Report 159
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If Only Yankee Stadium II Had Been Built With Blockchain

Perficient

Meanwhile in the Bronx, Yankee Stadium II, which had been completely renovated in 1974-75, had a 500-pound concrete and steel beam suspended beneath the upper deck of Yankee Stadium come loose and crash into the empty seats below, prompting city officials to close the landmark stadium and force the Yankees to postpone several games.