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Keyword: shortages

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  • 8 More Shortages About to Worsen

    10/24/2021 6:59:33 AM PDT · by Roman_War_Criminal · 65 replies
    FinancialSurvivalNetwork ^ | 10/21/21 | Kerry Lutz
    Nike Who would believe that the American staple of sneakers has fallen victim to the supply chain disruption? Nike has been hit by a number of supply chain issues including shipping container shortages, port backlogs, and a lack of workers—which will likely lead to a shortage of Nike products. The company warned customers on a recent earnings call that the production and delivery of its goods around the world would be reduced through at least the spring of 2022. Bicycles As a result of the lockdowns, bicycle demand hit the roof, and they became extremely hard to find. It seems...
  • The Ideology Behind Biden’s Disastrous First 9 Months

    10/23/2021 3:55:01 PM PDT · by Tolerance Sucks Rocks · 19 replies
    The Daily Signal ^ | October 22, 2021 | Victor Davis Hanson
    Sheer chaos and anarchy on the border? Afghanistan—the most humiliating defeat in recent U.S. military history? A labor-starved supply chain in shambles and holiday shelves emptying out? The worst inflation in 30 years that seems soon ready to match Carter-era levels? Gas hitting $5 a gallon with winter heating fuels soaring? Free-for-all looting in the major cities without consequences? Joe Biden’s policies and Biden himself diving in the polls? Never in recent American history has any administration birthed such disasters in its first nine months. Yet most Americans are arguing not over the sheer chaos and disasters of the Biden...
  • Americans’ Economic Confidence Plummets Amid Increasing Inflation and Shortages

    10/22/2021 7:44:21 AM PDT · by george76 · 16 replies
    Townhall. ^ | Oct 15, 2021 | Chris Talgo
    It has been a while since Americans have had to weather the “perfect storm” of high inflation, low economic growth, shortages, and a sluggish labor market. The last time the U.S. economy simultaneously suffered from these threats was in the 1970s, under what became known as stagflation. Unfortunately, based on several economic indicators, the U.S. economy seems headed towards another bout of stagflation. However, this time, it could be more widespread and long-lasting than it was almost 50 years ago. First, inflation, which is a regressive tax, is spiraling out of control. According to the U.S. Bureau of Labor Statistics,...
  • The Car Shortage Is About To Get A Whole Lot Worse

    10/20/2021 2:00:56 PM PDT · by Pilsner · 162 replies
    Jalopnik ^ | October 19, 2021 | Steve DaSilva
    A critical element in everything from engines to bodies is in short supply ... Essentially, you can’t make cars without aluminum. You can’t work with aluminum without using magnesium. And as of December, you may not be able to work with magnesium much — if at all. 85% of the world’s supply comes from ... China, ... (which) just ordered 35 of its 50 production facilities to shut down. The remaining 15 have been told to scale back operations by half, leaving production drastically reduced.
  • “I Don’t Remember A Time When So Many Extreme Events Were Happening In Shipping”

    10/20/2021 12:30:56 PM PDT · by blam · 46 replies
    Zubu Brothers ^ | 10-20-2021 | Greg Miller of FreightWaves
    “I don’t remember a time when so many extreme events were happening in shipping,” said Stifel analyst Ben Nolan, who has been covering the sector for the past 16 years. Container shipping led the charge, with rates soaring to stratospheric highs. Dry bulk shipping rates jumped next, to levels not seen in over a decade. Now liquefied natural gas shipping has joined the party. LNG spot shipping rates “surged 40% in one day — Friday — on already high levels,” Nolan wrote in his weekly report. Clarksons Platou Securities reported that benchmark spot rates for tri-fuel, diesel-engine LNG carriers were...
  • ‘People Are Hoarding’ — Food Shortages Spike as Supply Chain Crumbles

    Food shortages were reported to be spiking across the country Tuesday as President Joe Biden struggles to resolve the supply chain crises crippling the nation. “People are hoarding [food],” CEO and founder of Saffron Road, a producer of frozen and shelf-stable meals, Adnan Durrani told the Seattle Times. “What I think you’ll see over the next six months, all prices will go higher.”
  • ‘People are hoarding’: Food shortages are the next supply chain crunch

    10/20/2021 7:25:28 AM PDT · by SeekAndFind · 119 replies
    Seattle Times ^ | 10/20/2021 | Leslie Patton, Kim Chipman and Brendan Case
    n Denver, public-school children are facing shortages of milk. In Chicago, a local market is running short of canned goods and boxed items. But there’s plenty of food. There just isn’t always enough processing and transportation capacity to meet rising demand as the economy revs up. More than a year and a half after the coronavirus pandemic upended daily life, the supply of basic goods at U.S. grocery stores and restaurants is once again falling victim to intermittent shortages and delays. “I never imagined that we’d be here in October 2021 talking about supply-chain problems, but it’s a reality,” said...
  • Report: Ace Hardware Shelves Go Bare While Supply Chain Crisis Rages

    10/19/2021 8:56:00 AM PDT · by ChicagoConservative27 · 64 replies
    Breitbart ^ | 10/19/2021 | Wendell Husebo
    Ace Hardware is reportedly finding it difficult to keep shelves full due to the supply chain crisis threatening grocers, emergency medical services, and holiday shoppers. Operations manager John Ketels told thechroniclesonline.com his store in St. Helens, Washington, is having difficulty stocking items due to lack of warehouse inventory.
  • White House: We Want to Keep Gas Prices Low, but ‘Climate Crisis Can’t Wait’

    10/07/2021 8:24:42 AM PDT · by ChicagoConservative27 · 107 replies
    Breitbart ^ | 10/07/2021 | CHARLIE SPIERING
    The White House indicated Wednesday that governments across the globe should not walk back green energy commitments despite growing fossil fuel shortages and price hikes. White House press secretary Jen Psaki was asked during the daily briefing if the White House is concerned that fuel shortages in Europe will impact green energy pledges ahead of the Glasgow Climate Change Summit in December.
  • Chaos Strikes In Copper-Town

    10/18/2021 3:15:36 PM PDT · by blam · 17 replies
    Nation & State ^ | 10-18-2021
    The chaotic moves in various energy markets around the world have spread to the metals markets with copper inventories available on the LME plunging to the lowest on record (since 1974), in a dramatic escalation of a squeeze on global supplies that sent spreads spiking and helped drive prices back above $10,000 a ton. Copper tracked by LME warehouses that’s not already earmarked for withdrawal has plunged 89% this month after a surge in orders for metal from warehouses in Europe.As Bloomberg reports, the last time that type of dynamic developed was during a historic squeeze in 2006, when a...
  • Peter Schiff: Stock Up Now! Inflation Could Get Very Ugly

    10/18/2021 12:02:19 PM PDT · by blam · 61 replies
    Zubu Brothers ^ | 10-18-2021 | Via SchiffGold.com,
    The price of pretty much everything is rising precipitously. The CPI for September came in above expectations with a month-on-month increase of 0.4%. Peter Schiff appeared on Unfiltered with Dan Bongino to talk about inflation in Joe Biden’s America. Peter said you should stock up now because things could get ugly really quickly. Bongino pointed out that while wages are rising, they aren’t rising as fast as prices. Wages have risen 4.6% while inflation has surged by 5.4% — according to government numbers. Peter said that is typically the trend. The price of labor never keeps up with the price...
  • ‘Supply chain shortage won’t end until everyone gets Vaccinated’…

    10/17/2021 8:08:36 PM PDT · by Beave Meister · 44 replies
    Citizen Free Press ^ | 10/17/2021 | Kane
    US Treasury Deputy Sec Warns Shortages Will Continue Until EVERYONE Is Jabbed... This Is A Man-Ew-Fact-Turd Crisis That Was War Gamed By The WEF... They Plan To Starve Us Into Submission...
  • VANITY: Are We On The Verge of Serous Long-Term Grocery Shortages?

    10/17/2021 1:37:33 PM PDT · by Jeff Chandler · 104 replies
    Mrs. Chandler received a panicky email from her conspiracy-minded friend. Her friend said that Fox News told her we are going to experience devastating supermarket shortages lasting for two years. I suspect that this could be Fox News creating fear to attract viewers. I am now being pressured to purchase a crapload of non-perishables.
  • Pete Buttigieg says US supply chain issues will 'certainly' continue into 2022

    10/17/2021 8:05:59 AM PDT · by E. Pluribus Unum · 105 replies
    CNN ^ | 17 OCT 2021 | Devan Cole
    Transportation Secretary Pete Buttigieg predicted on Sunday that supply chain issues facing the US will continue into 2022, but stressed that Congress potentially passing President Joe Biden's infrastructure proposal is the best way to help alleviate those problems. "Certainly a lot of the challenges that we've been experiencing this year will continue into next year. But there are both short-term and long-term steps that we can take to do something about it," Buttigieg told CNN's Jake Tapper on "State of the Union." "Look, part of what's happening isn't just the supply side, it's the demand side. Demand is off the...
  • Are You Prepared For The Mass Repricing Of Goods And Services?

    10/17/2021 7:04:10 AM PDT · by blam · 96 replies
    Zubu Brothers ^ | 10-17-2021 | MN Gordon via EconomicPrism.com
    Rising consumer price inflation is not going away. This, of course, is counter to the “transitory” argument made by Federal Reserve Chairman Jerome Powell earlier this year. Powell’s cohort, Atlanta Fed President Raphael Bostic, recently admitted inflation is not transitory. This admission comes with assurances the Fed will properly manage it. We have some reservations. The effects of rising consumer prices range far and wide. For one, the pinch rising prices put on consumers is extraordinarily disruptive. It acts like a hefty tax…eroding family budgets that are already stretched. In this ongoing stagflation, personal income gains lag far behind rising...
  • 10 Shortages That Are Getting Worse

    10/17/2021 6:54:32 AM PDT · by Roman_War_Criminal · 99 replies
    FinancialSurvivalNetwork ^ | 10/13/21 | Kerry Lutz
    The global supply chain is in complete tatters. Tens of thousands of items and services are in short supply or can’t be found at all. This is leading to higher prices, a/k/a cost-push inflation, and a general decrease in the purchasing power of all fiat currencies, be it the US Dollar, the Japanese Yen or the Euro. The choice of items to include here could fill volumes. We picked things that often appear very obscure, such as ketchup or pallets and yet are staples of modern life. Pallets Wooden shipping pallets are required to transport almost anything imaginable including: paper...
  • #EmptyShelvesJoe Trends On Twitter Amid Supply Chain Snarls

    10/15/2021 4:00:47 PM PDT · by blam · 18 replies
    Zubu Brothers ^ | 10-15-2021
    The hashtag #EmptyShelvesJoe was one of the hottest trends across Twitter Thursday as people en masse are waking up to the fact that international supply chains are clogged, and shortages have resulted in empty store shelves at their local retailer. The hashtag, number one in the US on Thursday, comes one day after President Biden issued a port directive to operate 24/7 to alleviate snarled supply chains. But the move to have Ports of Los Angeles and Long Beach, a point of entry for 40% of all US containerized goods, work in hyperdrive to alleviate congestion is “too little, too...
  • Global Ship Backlog Just Got Even Worse As New Supply Chain Nemesis Emerges

    10/15/2021 5:44:17 AM PDT · by blam · 70 replies
    Nation & State ^ | 10-152021
    As if relentless, fiscally-stimulated global demand for (made in China) products, coupled with soaring input prices, Covid-crippled indutries, production-throttling energy crises and containership parking lots off major ports wasn’t enough to cripple global supply chains, we can throw in one more factor that will make “just in time” deliveries a thing of the pre-Biden past and will ensure that nobody gets their presents this Christmas. The weather. A tropical storm that’s lashing southern China is causing a ship backlog from Shenzhen to Singapore, Bloomberg reports as it warn of even emptier store shelves come Christmas. Shipping data compiled by Bloomberg...
  • UK’s “Chicken King” Warns: The Era Of Cheap Food Is Over

    10/15/2021 5:18:13 AM PDT · by blam · 38 replies
    Zubu Brothers ^ | 10-15-2021
    At least someone is honest when it comes to soaring food inflation: “Food is too cheap,” Ranjit Boparan, who is known as the “Chicken King” in the UK, was quoted by Reuters “In relative terms, a chicken today is cheaper to buy than it was 20 years ago. How can it be right that a whole chicken costs less than a pint of beer? You’re looking at a different world from now on where the shopper pays more,” Boparan said, who produces 33% of all poultry products in the country. “The days when you could feed a family of four...
  • Supply Chain Crisis Has Schools Scrambling To Feed Students

    10/14/2021 5:11:22 PM PDT · by blam · 24 replies
    Breitbart ^ | 1-14;2021 | Penny Starr
    The Biden administration’s failure to successfully fight the coronavirus and the ensuing supply chain crisis has trickled down to school cafeterias, as food workers struggle to get meals for students on the table. In Oakland County, Michigan, Sara Simmerman, a food and nutrition supervisor, said the district is still getting Little Caesars pizzas for its 8,600 students, but the rest of the supplies it needs are stalled. A satellite kitchen got only 35 of 400 cases of food it had ordered at one point. A few days later, 700 cases arrived on one day. “You never know what you’re going...