They Insist Everything Will Be Fine As We Face Shortages Of Chicken, Coffee, Diapers, Fish Sticks, Frozen Meals, Carbonated Drinks, Etc.
- They Insist Everything Will Be Fine As We Face Shortages Of Chicken, Coffee, Diapers, Fish Sticks, Frozen Meals, Carbonated Drinks, Etc.
by http://themostimportantnews.com/
Officials in Washington continue to assure us that we don’t have anything to be concerned about, but meanwhile the shelves just continue to get even emptier. On Friday, #BareShelvesBiden was the number one trending topic on Twitter, and I am sure that the Biden administration must have been thrilled by that. Biden insists that he and his team are on top of things, but so far nothing that they have done has worked. In fact, this crisis just seems to keep getting worse and worse. And because we are facing such a “hydra of bottlenecks”, there aren’t going to be any easy solutions…:
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When you look closely at all of the small fractures that have contributed to the world’s supply chain crackup, it really can begin to look maddeningly complex. As the Atlantic’s Derek Thompson put it, global commerce is currently being choked by “a veritable hydra of bottlenecks.” China’s “zero tolerance” policy for the coronavirus led it to shut down a major shipping terminal after a single infection and has slowed traffic at other ports. Lately, rolling power outages in the country have closed factories. Vietnam’s clothing and shoe plants, which companies like Nike rely on, were paralyzed by COVID lockdowns earlier this year. The world has also been bedeviled by shipping container shortages, made worse by bizarre pricing incentives that have led companies to send the boxes back from the U.S. to Asia empty, leaving American agricultural exporters in the lurch. Meanwhile, the world’s semiconductor shortage has lingered on, stalling car and electronics production; earlier this week, it was reported than Apple is expected to cut iPhone production by 10 million because it simply can’t get enough chips.
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We can’t control what is going on in other nations, but we can certainly do something about what is happening within our own borders.
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