Jobs at Stake as California Port Terminal Upgrades to Green Technology
a decade ago, Otto added, without addressing whether that lift came from additional jobs or inflation. Data shows electrification cuts emissions, and automation reduces labor costs. But a 2021 report from ITF, which describes itself as politically autonomous, and 2018 research from consultancy McKinsey & Co found that automated ports are generally not more productive than their labor-based counterparts. This was because fixed automated systems cannot expand and contract with cargo fluctuations like human crews, and because automated operations may not boost performance enough to justify the
China's "Ordinary" Billionaire Behind Nicaragua Canal Plan
; Nicaraguan opposition politicians also question Wang's commitment to addressing social and environmental issues, particularly how the proposed project may affect Lake Nicaragua, an important freshwater source in the region. Wang has brought in international specialists to help quell concerns. McKinsey & Co was hired to conduct an economic feasibility study, while Environmental Resources Management Ltd is conducting an environmental and social impact study for the various routes under consideration. SBE, the Belgium-based civil engineering firm specializing in canal hydraulics, and
