Afternoon Coffee: U.S. Adds Jobs; U.K. Hoards at Wartime Level; Google, Its Contingent Workforce at Odds

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British companies are stockpiling goods in staggering volumes ahead of a potential no-deal Brexit. All types of companies from all walks of life are stacking their warehouses to the brim at a level rarely seen outside of wartime.

Companies in the UK stored products at a faster pace than any industrialized nation in March. Meggitt PLC, for example, had $6.5 million tied up in inventory. Airbus wanted suppliers to hold at least a month’s worth of stock.

It remains to be seen whether the EU will grant a Brexit extension or whether Britain will see a no-deal Brexit.

U.S. adds 196,000 jobs in latest report

The U.S. Labor Department this morning reported the robust number of added jobs in March, up from "an anomalous 33,000 jobs added in February," according to the Washington Post.

The unemployment rate remained at 3.8%, but economists agree that the U.S. faces no imminent threat of recession, the paper reported.

Tesla supply chain is running out of juice

New vehicle deliveries at Tesla dropped 31% in the first quarter of 2019, compared to the end of 2018. The electric car manufacturer faced its first struggles in shipping Model 3 cars to China and Europe.

This comes after Tesla has invested in ramping up production to meet ambitious sales goals. The company says that the slowdown comes from taking the Model 3 overseas for the first time. The delivery of Model S and Model X cars also fell by 50% last quarter.

Tesla also produced 22% more cars than it delivered.

FedEx partners with Walmart, hits 2,000 retail locations

This week, FedEx opened its 2,000th retail location, with the addition of a store within a Walmart in Chesapeake, Virginia.

FedEx is planning to open 500 new locations nationwide within Walmart stores. This latest opening marked 150 of the 500.

The company said: "Having stores inside a national retailer like Walmart gives FedEx Office customers convenient access to printing and shipping where they already shop.”

ICYMI: Google at odds with its temps, vendors and contractors

According to the Guardian, “in March, Google abruptly shortened the contracts of 34 temp workers on the ‘personality’ team for Google Assistant – the Alexa-like digital assistant that reads you the weather, manages your calendar,” etc.

That led to more than 900 Google workers signing “a letter objecting to the tech giant’s treatment of temporary contractors, in what organizers are calling a ‘historical coalition’ between Google’s full-time employees (FTEs) and temps, vendors and contractors (TVCs),” according to the paper.

The letter and subsequent media coverage led, in turn, to Google announcing new “minimum standards” for temps and vendors in the US, including prodding their staffing agencies and suppliers to raise wages and add additional benefits.

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