Weekly Wrap Up For December 11th, 2020

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Rosemary Coates, Founder and Executive Director of The Reshoring Institute discusses situations where the U.S. needs to have an industrial policy, which has been brought to the forefront because of the Covid-19 Pandemic and even counterfeits in the medical supply chain. Is the treatment or the cure really Made in America?

Oil pricesOil Prices Expected to Fall Below $50 in 2021 Despite Vaccine News

It has been a difficult year for oil as a result of the Covid-19 pandemic, but many in the industry were hopeful that recent rebounds in prices signaled a stronger year in 2021. However, one agency doesn’t expect to see oil prices break past the $50 mark. (Read More)


Boring CoBoring Company May Soon Expand to the Las Vegas Strip

Currently, Elon Musk’s Boring Co. has been quickly moving along with their plans to finalize its new underground transit system at the Las Vegas Convention Center. While this current loop is not yet finished, that hasn’t stopped the company from already preparing for its first expansion: a connection to the Las Vegas Strip. (Read More)

COVID-19Pfizer Cuts Covid Vaccine 2020 Production Target by Half

There has been a lot of optimism regarding the development and rollout over a potential Covid-19 vaccine, with biotech companies all over the world racing to finalize trials and begin production on a wider scale. Pfizer’s efforts are currently some of the farthest ahead, as the company claims that their vaccine has a 95% effectiveness, and it has already been approved by the United Kingdom for emergency usage. However, the company has scaled back its 2020 production target by a considerable amount. (Read More)

Meet Chloe Songer, founder of Thousand Fell – more than just a manufacturer of footwear, but a leader in the movement to build a circular economy. Motivated by the enormous waste in the fashion industry and a desire to make a difference, Chloe took it upon herself to learn everything she could about the production process. She was introduced to manufacturing working for the Alexander Wang Group in China and later moved to Gap where she got an education in supply chain.

Chloe’s experience in China empowered her vision to build her own brand utilizing sustainable materials. Currently, 2.4 billion pairs of sneakers are sold in the U.S. every year and 300 million pairs go straight to a landfill within their first year. Today, the fashion industry is the poster child for change with entrepreneurs like Chloe leading the way to make better products, eliminate waste, and create a safer environment.

For Chloe – she gets to practice the best advice she ever got — “to be the person who brings people together.” Hear more about Chloe’s journey on the WAM Podcast.