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Walmart COVID store closures not harbinger of major economic damage

The world’s largest retailer said concern for its employees and customers amid a growing wave of COVID cases are resulting in these sanitation shut-downs which typically take a day-and-a-half to complete. Third-party specialists handle sanitation efforts while Walmart employees restock shelves. “As you know, several areas across the country have begun seeing a renewed increase in positive COVID-19 cases, mainly among the unvaccinated, and we want to assist health officials working against the pandemic,” Walmart said in a statement. Canary in the coal mine? An ordinarily bustling Walmart in Lynn Haven, Fla. sits mostly idle save for workers inside tasked with sanitizing the store following a rise in COVID infections. ACT Research says it s too early to tell if Walmart s temporary store closures amid rising COVID cases hint at major economic interruptions to come.Tom QuimbyThe Centers for Disease Control and Prevention (CDC) reported Friday that “COVID-19 cases are on the ris

Truck OEMs stress concerns with semiconductor chip shortage

Feb 12, 2021 Semiconductor chips require assembly lead times as long as several weeks – if not months – and the demand for new vehicles was not expected to be so strong coming out of a pandemic-depressed economy. A global shortage of semiconductor chips has thrown vehicle production plans for some of the world s largest automakers into question. Ford and GM are among the major players to already announce production limitations that could last into the spring. The chip shortage was spurred by COVID-related vehicle assembly plant shutdowns. With production lines stopped, semiconductor manufacturers pivoted capacity to consumer electronics – sales of which were surging on stay-at-home orders and prodded by a new remote workforce.

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