{"id":1084302,"date":"2021-12-04T15:45:00","date_gmt":"2021-12-04T20:45:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1084302"},"modified":"2021-12-04T15:45:03","modified_gmt":"2021-12-04T20:45:03","slug":"northrop-grumman-ceo-says-labor-shortages-supply-chain-are-threatening-defense-industry","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/northrop-grumman-ceo-says-labor-shortages-supply-chain-are-threatening-defense-industry\/","title":{"rendered":"Northrop Grumman CEO Says Labor Shortages, Supply Chain Are Threatening Defense Industry"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnorthrop-grumman-ceo-says-labor-shortages-supply-chain-are-threatening-defense-industry%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1084302&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Northrop Grumman chief executive Kathy Warden warned that labor shortages and supply chain bottlenecks are threatening the defense industry.<\/p>\n<p>\u201cWhen I think about the challenges that we all might face going into next year, the labor shortages that we\u2019re seeing are suddenly one that\u2019s top of mind,\u201d Warden told CNBC\u2019s Morgan Brennan during an <a href=\"https:\/\/www.cnbc.com\/2021\/12\/03\/northrop-grumman-ceo-warden-on-labor-shortages-omicron-variant.html\">interview<\/a>. \u201cWe have seen an increase in demand for the kinds of skills that we need to support our work at the same time that we\u2019ve seen labor participation rates go down.\u201d<\/p>\n<p>CNBC added:<\/p>\n<p>Warden also expressed concerns about ongoing disruptions to the global supply chain, triggered in part, by the coronavirus pandemic.<\/p>\n<p>Along with labor shortages, Warden said that the defense giant saw shipping delays and chip shortages during its third quarter, in alignment with rising infection rates due to the emergence of the Delta variant. When asked about the Omicron variant, Warden explained that the defense industry will adhere to a playbook developed over the course of the coronavirus pandemic.<\/p>\n<p>On Friday, the Department of Labor revealed that the United States economy added 210,000 jobs in November \u2014 falling far short of economists\u2019 predictions. Nevertheless, Biden <a href=\"https:\/\/www.dailywire.com\/news\/biden-brags-after-horrible-november-jobs-report-our-jobs-recovery-is-going-very-strong\">proclaimed<\/a> that \u201cour jobs recovery is going very strong.\u201d<\/p>\n<p>\u201cThis year, we can reflect on an extraordinary bit of progress. Our economy is markedly stronger than it was a year ago, and today, the incredible news that our unemployment rate has fallen to 4.2%,\u201d Biden said during a press conference. \u201cAt this point in the year, we\u2019re looking at the sharpest one-year decline in unemployment ever. Simply put, America is back to work and our jobs recovery is going very strong. Today\u2019s historic drop in unemployment rate includes dramatic improvements for workers who have often seen higher wages and higher levels of unemployment. Excuse me, higher levels of unemployment \u2014 they are seeing higher wages.\u201d<\/p>\n<p>\u201cBut that\u2019s not just jobs that are up; wages are up,\u201d he continued. \u201cAmericans, on average, have more in their pockets today than they did each month since I\u2019ve been in office, than they did last year, after accounting for inflation. Let me repeat that: Even after accounting for rising prices, the typical American family has more money in their pockets than they did last year.\u201d<\/p>\n<p>Last month, Goya Foods CEO <a href=\"https:\/\/www.dailywire.com\/news\/we-are-heading-for-hard-times-goya-ceo-blasts-government-for-becoming-the-competitor-of-private-businesses\">argued<\/a> that the federal government is acting as a \u201ccompetitor\u201d to private companies by \u201cincentivizing\u201d people to quit their jobs. He told <a href=\"https:\/\/www.foxbusiness.com\/economy\/goya-foods-ceo-rips-big-government-for-dismantling-nation-warns-hard-times-ahead\">Fox Business<\/a> anchor Stuart Varney that the firm is experiencing \u201can unfair competitive disadvantage with big government from one year to the next.\u201d<\/p>\n<p>\u201cLast year with COVID, we were working and we were a capitalist society,\u201d he explained. \u201cWhen the government stepped in and started printing money and giving it out and telling people, you don\u2019t need a reason to get up in the morning.\u201d<\/p>\n<p>\u201cWe are heading for hard times,\u201d he added. \u201cWe are dismantling this country. We\u2019re getting soft. We have the government as our biggest competitor. Government needs to get out of the way and let us work.\u201d<\/p>\n<p>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <a href=\"https:\/\/www.dailywire.com\/subscribe\">member<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Northrop Grumman chief executive Kathy Warden warned that labor shortages and supply chain bottlenecks are threatening the defense industry.\u201cWhen I think about the challenges that we all might face going into next year, the labor shortages that we\u2019re seeing are suddenly one that\u2019s top of mind,\u201d Warden told CNBC\u2019s Morgan Brennan during an interview. \u201cWe have seen an increase in demand for the kinds of skills that we need to support our work at the same time that we\u2019ve seen labor participation rates go down.\u201dCNBC added:Warden also expressed concerns about ongoing disruptions to the global supply chain, triggered in part, by the coronavirus pandemic.Along with labor shortages, Warden said that the defense giant saw shipping delays and chip shortages during its third quarter, in alignment with rising infection rates due to the emergence of the Delta variant. When asked about the Omicron variant, Warden explained that the defense industry will adhere to a playbook developed over the course of the coronavirus pandemic.On Friday, the Department of Labor revealed that the United States economy added 210,000 jobs in November \u2014 falling far short of economists\u2019 predictions. Nevertheless, Biden proclaimed that \u201cour jobs recovery is going very strong.\u201d\u201cThis year, we can reflect on an extraordinary bit of progress. Our economy is markedly stronger than it was a year ago, and today, the incredible news that our unemployment rate has fallen to 4.2%,\u201d Biden said during a press conference. \u201cAt this point in the year, we\u2019re looking at the sharpest one-year decline in unemployment ever. Simply put, America is back to work and our jobs recovery is going very strong. Today\u2019s historic drop in unemployment rate includes dramatic improvements for workers who have often seen higher wages and higher levels of unemployment. Excuse me, higher levels of unemployment \u2014 they are seeing higher wages.\u201d\u201cBut that\u2019s not just jobs that are up; wages are up,\u201d he continued. \u201cAmericans, on average, have more in their pockets today than they did each month since I\u2019ve been in office, than they did last year, after accounting for inflation. Let me repeat that: Even after accounting for rising prices, the typical American family has more money in their pockets than they did last year.\u201dLast month, Goya Foods CEO argued that the federal government is acting as a \u201ccompetitor\u201d to private companies by \u201cincentivizing\u201d people to quit their jobs. He told Fox Business anchor Stuart Varney that the firm is experiencing \u201can unfair competitive disadvantage with big government from one year to the next.\u201d\u201cLast year with COVID, we were working and we were a capitalist society,\u201d he explained. \u201cWhen the government stepped in and started printing money and giving it out and telling people, you don\u2019t need a reason to get up in the morning.\u201d\u201cWe are heading for hard times,\u201d he added. \u201cWe are dismantling this country. We\u2019re getting soft. We have the government as our biggest competitor. Government needs to get out of the way and let us work.\u201dThe Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.<\/p>\n","protected":false},"author":99,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1084302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1084302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1084302"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1084302\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1084302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1084302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1084302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}