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IPFS News Link • Supply Chain Disruption

The Shortages Are Global, And We Are Being Warned That They Will Intensify

• http://theeconomiccollapseblog.com by Michael Snyd

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.