Afternoon Coffee: Whirlpool Confronts Rising Materials Costs Amid Tariff Backlash, How Supply Chain Inefficiencies Cost the U.K. Billions

Hoda Bogdan/Adobe Stock

Although it lobbied for tariffs on imported washing machines in January, Whirlpool may have gotten more than it bargained for, as escalating trade disputes since then have ultimately cost the manufacturer millions due to higher materials costs, according to The Wall Street Journal. Since most of a washing machine consists of steel and aluminum parts, recent tariffs on those metals have negated gains of the more competition-related duties for Whirlpool.

U.K. Supply Chain

U.K.-based businesses that trade abroad waste nearly $2 billion each year, Supply Chain Dive reports. That figure, which comes from an analysis by freight forwarder Zencargo, is the result of hundereds of millions of hours wasted exchanging shipment requests and other data via phone or email while much of the data exists online.

Amazon Strike

As Prime Day rolled around this year, so did a fresh round of strikes at Amazon warehouses. Thousands of workers at Amazon sites in Germany said they would walk off the job Tuesday, Reuters reports, demanding better working conditions and better compensation.

IMF Forecast

And finally, an economic update: The International Monetary Fund left its growth forecast unchanged for the next year, saying the global economy would expand at a rate of 3.9%, the Guardian reports. This estimate remained the same in spite of a secondary warning on trade disputes, which the IMF said would cost the global economy $430 billion.

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