Posted on 08/06/2021 6:10:53 PM PDT by blam
The more expensive and delayed the shipments from China are, the better.
In all cases.
All going as planned, no doubt.
We need to stop buying crap from China.
Time for Biden to stop all flights from China.
How’s their dam?
I’m real concerned about it.
I was in a retail store recently. A clerk came up to me and asked me if I needed anything. I told her I was looking at labels. That the three items I came in to look at were all made in China, so I wouldn't be buying any of them. Then I left.
Bad news just keeps coming.
All the more reason to invest in America.
Take Biden’s $1 trillion “infrastructure” package and give it as loans to manufacturers to build factories and make stuff here in the USA.
I buy a lot from Wayfair, they always show the country of Origen but today I was looking at a throw and it only said Imported. Another way of hiding China origin. I left without buying.
Yeah well, I get your sentiment but this is bad news for most Americans and American businesses in the short term at least. So many intermediate goods used in everyday household items come out of China, or Asia. It’s not just toys and phones and computers etc.
Some of the problem is just the lack of containers. They ship so much stuff to us and we ship so little back that the containers just stack up and sit around ports for ages. No shipper wants to pay to send empty containers back to Asia but looks like they have to now, and pass that cost on. A container from China to California was maybe $1500 in 2019 and even in the first half of 2020. Then it more than tripled. Now this report says $20,000! I don’t quite believe that number but can’t say it’s not true.
I am involved in purchasing a lot of intermediate goods used in domestic production. These are items used in food, textiles, cosmetics, cleaning supplies you name it. If it involves processing it involves one of these intermediate goods and odds are they come out of Asia. A lot of these “American” companies just bring stuff in from China in bulk and repack it here. I get price increase notifications every week. Once I got 2 price increases on the same day. I just got one yesterday, price jump of 25%. One very common item I could get for 79 cents a pound a couple years ago is now close to $2/lb. We will see much higher prices in 2022, and smaller sizes on consumer goods because for the most part retailer pricing is set about a year in advance. February/March/April 2022 watch your local stores - they will be mixing up their inventory, discontinuing a lot of items due to inability to guarantee supply, and price increases pretty much across the board on everything else.
My wife bought something from a boutique, not super expensive but not cheap. She was assured by the owner of its origin. When we opened it up at home, it had a “made in China” sticker on the bottom. We took it back. They argued “why does it matter”? It matters, and, you lied.
The delta variant has broken through the country’s virus defences, which are some of the strictest in the world, and reached nearly half of China’s 32 provinces in just two weeks.
—
This makes all the quarantining of the transport ship crews rather pointless.
After almost 2 years of this crap, the “experts” can’t seem to figure out you can’t isolate from an airborne virus.
My answer n those cases is “I don’t support slavery”. It would be interesting to see how many BLM rioters wear that Nike swoop.
360 CASES -- not even deaths -- in a population of over a billion.
And delta has crested in other countries.
This is not about public health.
Big problem - China is charging $20,000 to ship a TEU to Long Beach / LA - in some cases the TEU is filled with Dollar Store Junk - the contents are not worth $20,000.
China will be stuck with all of that worthless junk that is too expensive to ship across the Ocean.
blam :" More delays and shortages.
" Bulk carrier congestion in China hit a five-year high of 50.5m dwt over the weekend, rising by 24% year-on-year as new restrictions were put in place in ports across the country.
Current queues are 76% above the five-year average according to data from Braemar ACM as Covid-19-related protocols
affect all sectors of the dry bulk market, worsening the crew change crisis in the process.
Newly reported positive Covid-19 cases in China have recently forced the country to re-introduce restrictions to curb the spread of the virus.
Most ports in the country are now requiring a nucleic acid test for all crew,
with vessels forced to remain at anchor until negative results are confirmed.
Many ports in the country are also requiring vessels to quarantine for 14-28 days if they previously berthed in India
or performed a crew change within 14 days of arriving in China.
“While it is unclear how long these measures will be in place for, they will likely tighten the dry market in the near-term,”
Braemar ACM suggested in a note to clients yesterday.
Mark Williams, who heads up British consultancy Shipping Strategy, concurred with Leszczynski, telling Splash:
“More likely than a national lockdown is a series of targeted lockdowns by province or county.
If those lockdowns include coastal regions, key ports and logistics centres, then globalised supply chains will become chaotic."
(My Comment): U.S. and foreign automobile, truck, and agricultural tractor manufacturers have already been impacted by a chip shortage,
as have also other manufacturing and production plants which depend on raw material, or perform final assembly.
"Current (shipping)queues are 76% above the five-year average", and that doesn't even allow for the possibility of any additional recent covid lockdowns.
Ancient Chinese Philosopher, Sum Ting-Wong says: FUBAR !
Worldometer:
China = 3 deaths/million.
The whole thing stinks. Even the Chinese themselves are questioning the suspension of passport issuance.
US Government, consumers and corporations spent the last 40 years maximizing debt and squeezing costs out of supply chains due to China.
That game is OVER.
I lost 3 profitable orders today because I couldn’t suppy the goods.
The most profitable line for my business is gone. In February I had a lead time of 10 to 12 weeks - it is now 10 months. I can’t commit to expensive custom goods and hope the customer who ordered them will be in business almost a year from now and I’ll get paid.
Most people have no clue as to how bad it is now, and how bad it is going to get. No amount of electronically created money can buy what isn’t available.
By the end of each day this week I have just about been sick. Come Monday the crapfest will start all over again.
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