The Shortages Are Global, And We Are Being Warned That They Will Intensify by for The Economic Collapse Blog
The global economy was supposed to be getting back to “normal” by now, but instead more problems are erupting with each passing day. As I write this article, supply chains all over the planet are in a state of chaos. The worldwide computer chip shortage is making things very difficult for thousands upon thousands of manufacturers, the process of moving products across our oceans has become insanely expensive and is often plagued by horrendous delays, and a lack of truck drivers is causing enormous headaches when it comes to transporting goods to retailers and consumers in a timely manner. We have never seen anything like this before, and at this point even CNN is admitting that “the disruption to global supply chains is getting worse”…
The vast network of ports, container vessels and trucking companies that moves goods around the world is badly tangled, and the cost of shipping is skyrocketing. That’s troubling news for retailers and holiday shoppers.
More than 18 months into the pandemic, the disruption to global supply chains is getting worse, spurring shortages of consumer products and making it more expensive for companies to ship goods where they’re needed.
Earlier this year, some of the economic optimists were projecting that we would experience a tremendous “economic boom” during the second half of 2021.
But now we are facing empty shelves, shortages and major headaches in the months ahead.
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One shipping executive that was interviewed by CNN says that things won’t get any better until “the first quarter of 2022 at the earliest”…
Shipping companies expect the global crunch to continue. That’s massively increasing the cost of moving cargo and could add to the upward pressure on consumer prices.
“We currently expect the market situation only to ease in the first quarter of 2022 at the earliest,” Hapag-Lloyd chief executive Rolf Habben Jansen said in a recent statement.
Here in the U.S., quite a few experts are now making very bleak predictions about the upcoming holiday season.
But we are definitely not alone. Over in the UK, it is being reported that the “worst supply-chain crisis since the 1970s” could potentially “ruin Christmas”.
One of the big problems that the British are facing is an unprecedented shortage of truck drivers and warehouse workers. Business leaders are begging for more EU workers to be allowed into the country, because they believe that will help to alleviate the crisis.
