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Supply
Chain by the Numbers |
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May 30, 2025
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Pepsico Pulls Back on Green Goal. US Q1 GDP down Just a Bit. Yes, AI will Kill Many Jobs, Expert Says. Freight Recession Continues On, ATA Says |
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2040 |
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| That is the new target date food and beverage giant PepsiCo has set to meet its goal of zero emissions, pushing that date out a decade from the previous 2030, the company announced this week. The company cited myriad reasons why it won’t be meeting certain of its sustainability goals. It pointed to some external factors such as a lack of progress on recycling and electric vehicle charging infrastructure, as well as electric grid modernization. PepsiCo also cited internal factors like the growth of the business. Jim Andrew, chief sustainability officer, said PepsiCo’s ability to make progress at the rate it would like to “is very, very dependent on the systems around us changing.” He added the “world was a very different place” when PepsiCo was working on these goals in 2020 amid a completely different political and regulatory landscape. |
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| That was the annualized drop in US real GDP in Q1, in a revised estimate from the Commerce Department Thursday. That was up just a tick from the 0.3% decline provided in the first estimate in April. The economy officially shrank for the first time in three years due to surge in imports that pushed the trade deficit to record highs. Trade deficits subtract from GDP. Slower consumer spending was another factor, the Commerce Dept said. |
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0.3% |
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| That was the modest decline in the Freight Toonage Index from the American Trucking for May versus April – basically flat – according to the ATA’s monthly report released late las: week. The ATA index was also flat (+0.1%) versus May in 2024. Said ATA Chief Economist Bob Costello: “Unfortunately, a recovery that was expected this year hasn’t transpired as the industry deals with a freight market in flux from tariffs and softening economic indicators.” At an index level of 113.0 in April, it means US freight tonnage was up just 13% versus the baseline year of 2015, now 20 years later. |
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That is the share of entry-level white collar jobs that will be replaced by AI within the next 1-5 years. That terrifying prediction was made this week by Dario Amodei, CEO of AI company Anthropic, who saidt the sea change could lead to the US unemployment rate to a depression-like 20%. Speaking to MSN, Amodei urged companies and governments to stop “sugar-coating” the looming threat to roles in tech, finance, law, and consulting. Economists such as Joseph Stiglitz warn AI could drive wages to zero for some roles, demanding a rethink of economic systems. Entry-level workers must upskill, mastering AI to stay relevant, while governments face pressure to cushion the blow through retraining or income support, according to the International Business Times.