The number of container ships at anchor or drifting in San Pedro Bay off the ports of Los Angeles and Long Beach has now blown through all previous records and is rising by the day.
Soaring energy prices are stoking new concerns about a stagflationary environment of high prices and waning economic growth. Natural gas prices in Europe and the US are through the roof, and WTI futures are over $70 per barrel.
Logistics managers are battling the pandemic, a labor shortage, and huge demand to get goods to your front door.
Why are companies all over the world suddenly desperate for workers? In my entire life I have never seen anything like this.
When Critical Parts Are On "Indefinite Back Order", The Machine Grinds To A Halt
Our Supply Chain Nightmares Will Get Much Worse
UPS, one of the world's largest delivery companies, expects global supply chain woes to carry into 2022.
As we warned last week, profit warnings are coming thick and fast from American companies as they come to grips with Delta-fearmongered-demand weakness and COVID-scare-driven supply-chain chaos that is anything but transitory.
It Costs 68 New Ferraris To Rent A 12-Year-Old Container Ship For Just Three Months
Containerized shipping has become the ugly story of the chaotic supply chain facing U.S. importers and Chinese exporters. Hopes are quickly fading that trans-pacific supply chains will normalize this year or even in 2022.
Spot prices for nitrogen fertilizer on the US Gulf Coast skyrocketed to a near-decade high on a report the world's largest nitrogen manufacturing plant declared force majeure.
A new report from AutoForecast Solutions says the number of vehicles lost -- not produced -- will hit 7.1 million.
Supply chain disruptions are getting worse as engineered shortages are designed to collapse economies
The "Biden-Harris" Administration announces a new Supply Chain Disruptions Task Force and an even newer Port Shipping Czar.
...several decades of shortsighted decisions and simmering geopolitical tensions make it much more than a matter of fixing a few broken links in the supply chain.
According to UK-based commodity research firm Marex, Guinea is one of the world's largest bauxite exporters. The country mines about a quarter of the world's supply. So far, there are no signs yet of supply disruptions.
The global economy was supposed to be getting back to "normal" by now, but instead more problems are erupting with each passing day.
The overall mood of the nation is becoming increasingly sour with each passing day.
"I've never had it this bare."
We've talked about supply chain shortages, but it goes deeper than just empty shelves. Here's what a complete supply chain breakdown could REALLY look like...and what you need to do to prepare.
This high demand is joining forces with lagging supply to drive prices up. Right now, the average national price of regular gasoline is sitting at $3.14 a gallon.
We noted on Monday that ping-demic was likely to "lead to food shortages," and that is precisely what is happening today.
Fill 'er up? Be ready to wait in line at least an hour -- assuming the gas station is open, that is.