Posted on 05/09/2021 5:17:49 AM PDT by EBH
“We can’t miss a shipment,” said Troy Thomas, 51, the veteran plant manager. “Or we shut down big companies that are producing billions of dollars of metal a day.”
Sogefi’s travails are mirrored across industrial America. Manufacturers complain of “record-long lead times, wide-scale shortages of critical basic materials, rising commodities prices and difficulties in transporting products,” the Institute of Supply Management said earlier this week.
Federal Reserve Chair Jerome H. Powell told reporters in late April that supply chain “bottlenecks” are slowing goods production and will likely contribute to a temporary rise in inflation.
“The supply of various inputs into the goods part of the economy will have to be brought back up to speed,” he said.
The company’s freight bill for April was twice the budgeted figure, reflecting the shift of some desperately needed raw materials from sea to more costly air transport.
Meanwhile, a shortage of 26-cent cardboard boxes recently delayed a shipment of modules worth $33 apiece
Earlier this year, the absence of one 12-cent part — one of 20 components in another product — halted an assembly line for two weeks, Simpkins said.
(Excerpt) Read more at washingtonpost.com ...
Just in time delivery systems and outsourcing critical manufacturing meets democrat marxism never letting a crisis go to waste...
Zero doubt about the supply line shortage / strain, but this comment seems a bit hyperbole.
“Just in time delivery systems and outsourcing critical manufacturing meets democrat marxism never letting a crisis go to waste...”
Bidens’s Bread lines to come.
So, supply slowdowns/shortages mean prices must increase?
How convenient.
So then, if I can’t make it to work as often, my salary increases?
Well, in the service industry when you have more demand than you can handle...you raise your rates.
Technically, if your job is in high demand you command higher wages too.
Showing economy’s strain, funny we didn’t see or hear of this during Trump. This is manufactured by the rats
.
ping
Will the leftists soon push government price controls? As part of The Great Reset?
Is this the work-up to it?
Actually we did at the beginning of the pandemic. The big difference was Trump rallied our industry. But, I recall hearing rumblings that there would a a supply chain problem this spring/summer.
They knew it was going to happen, the question is...why they didn’t do anything about it.
It’s a nightmare.
biden should put kamala in charge of that too like she is on the border crisis.
This son is a lying two-faced dog.. They're going to start to pointing their fingers at EVERYTHING but themselves when folks realize how bad inflation is going to get...
It is all relative when a majority of the population believes that the interior of the earth is millions of degrees and is the primary contributor to warmth; not that big bad orange ball in the sky.
The fact is most people have no clue as to the size of things or magnitude of numbers. America is numerically illiterate. Very few journalists can do basic math.
https://www.washingtonexaminer.com/opinion/columnists/in-the-face-of-most-democrats-opposition-us-steel-cancels-a-billion-dollar-investment.
US Steel scraps plans for $1.5 B investment in Allegeny County steel plant. Why? RED TAPE.
The present idiot doesn't have a clue.
I know there’s a lot President Trump could have navigated us through. We really needed him for this recovery.
In fact it is why I voted for him both times. I know the democrats just don’t have what it takes to mount an economic recovery, because that’s not their goal.
It comes down to labor and right now companies, large and small, are competing with Uncle Sham and their extra 300 a week.
Lift this nonsense and the economy would shift into balance within a few months. The problem in manufacturing is folks can’t shift to robotics fast enough.
How about we make everything in the USA again. I mean all of it. Start with escalating tariffs. 5% to 25% over 10 years.
Trump’s MAGA was the only thing that MIGHT have navigated America successfully through this Chinese virus.
Kind of makes it crystal clear what the aims of the Left are: total destruction of America.
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