Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!
Data: IHS Markit; Chart: Axios Visuals

It’s taking longer for businesses to get stuff delivered from their suppliers.

Why it matters: On one hand, supply chain delays are known to fan inflation as sellers can get buyers to pay higher prices for a smaller number of goods. On the other hand, these delays also reflect that the demand for goods remains robust, which is a bullish sign for the economy.

Driving the news: Average supplier delivery times have lengthened to record levels, according to an IHS Markit PMI report released Monday. This data goes back to 2007.

  • This report also showed that U.S. manufacturing growth slowed to a four-month low, and services growth decelerated to an eight-month low.

What they’re saying: "This reflects surging demand for parts at a time when supply is being constrained as the Delta variant disrupts production in many countries, notably in Asia, and shipping remains fraught with logistical issues stemming from the pandemic," Chris Williamson, IHS Markit chief business economist, tells Axios.

The big picture: In addition to long delivery times, the report showed that new orders were outpacing manufacturing output at a pace not seen before the pandemic, "which is, of course, a recipe for higher prices," Williamson adds.

  • "Not surprisingly, therefore, prices charged by U.S. producers rose at a new record high rate in August, and look set to rise further given that material and labor shortages show no signs of moderating.”

The bottom line: Supply chain issues are persisting as new COVID outbreaks are disrupting manufacturing around the world.

Go deeper

Ben Geman, author of Generate
Oct 14, 2021 - Energy & Environment

Biden's winter energy chill

Illustration: Shoshana Gordon/Axios

Higher home energy prices heading into the chilly months are the latest energy-related problem facing Joe Biden at a sensitive time in his young presidency.

Driving the news: The Energy Department's independent stats arm projects heating bills this winter will rise thanks to higher commodity prices and predictions of a colder winter.

Philly businesses see "pretty modest" pandemic recovery

Illustration: Sarah Grillo/Axios

Mid-size and large Philadelphia businesses have become significantly more financially stable since pandemic-driven shutdowns began last year, according to a new report.

  • But small businesses have only seen marginal improvements.

Driving the news: Pew Charitable Trusts on Wednesday released its snapshot of how businesses are faring since March 2020.

  • The research suggests health care and social assistance businesses — the city's largest job sector — saw top gains in average financial stability, while hospitality businesses, like restaurants and hotels, showed higher risks of failing over the next year.
  • Meanwhile, women-led and women-owned businesses had lower financial stability scores on average compared to those led and owned by men, the report found.
Updated 1 hour ago - World

Mapping repression in China's Xinjiang region

Data: © Mapbox, © OpenStreetMap; Map: Will Chase/Axios

A sweeping new report released today by an Australian research organization reveals new details about how the Chinese Communist Party — and specifically who within the party — is carrying out its campaign of repression in Xinjiang.

Why it matters: Uncovering the actual offices and individuals implementing the Chinese government's genocide and forced labor policies in Xinjiang can bring accountability and help international companies delink supply chains in compliance with U.S. and EU forced labor laws.