What we’re reading (6/2)
“One Way Companies Are Concealing Higher Prices: Smaller Packages” (Washington Post). “Consumers are paying more for a growing range of household staples in ways that don’t show up on receipts — thinner rolls, lighter bags, smaller cans — as companies look to offset rising labor and materials costs without scaring off customers. It’s a form of retail camouflage known as ‘shrinkflation’[.]”
“How The World Ran Out Of Everything” (DNYUZ). “From fashion to food processing to pharmaceuticals, companies have embraced Just In Time to stay nimble, allowing them to adapt to changing market demands, while cutting costs. But the tumultuous events of the past year have challenged the merits of paring inventories, while reinvigorating concerns that some industries have gone too far, leaving them vulnerable to disruption.”
“Disaster Feared As Chemical Cargo Ship Sinks Off Sri Lanka” (Reuters). “A cargo ship carrying tonnes of chemicals is sinking off Sri Lanka's west coast, the country's government and navy said on Wednesday, in one of Sri Lanka's worst-ever marine disasters. The Singapore-registered MV X-Press Pearl, carrying 1,486 containers, including 25 tonnes of nitric acid, along with other chemicals and cosmetics, was anchored off the island's west coast when a fire erupted on May 20.”
“Dogecoin Price Jumps on Coinbase Debut Prospect” (Wall Street Journal). “Dogecoin got a new lease on life Wednesday, with the price rallying sharply after Coinbase Global Inc. said it would allow users to trade the joke cryptocurrency on a platform that is geared toward more experienced investors. Fresh tweets from Tesla CEO Elon Musk also provided a catalyst.”
“Nearly 40% Of Workers Would Consider Quitting If Their Bosses Made Them Return To The Office Full-Time, A New Survey Shows” (Business Insider). “Some employees have enjoyed working from home so much that they'd rather quit their jobs than go back to the office full-time, according to a new survey. Out of 1,000 US adults polled in May, 39% said they'd consider quitting if their bosses weren't flexible about them working from home…[t]he survey showed that 49% of the respondents who said they'd consider quitting were millennials and Gen Z — i.e. adults born after 1980.”
