Doomer Doug
TB Fanatic
Here we go again! Need anything made in China, which is almost EVERYTHING these days, get it soon, like the next few days. This is on top of all the mandates relating to trucks and train crews, which may, or may not be imposed after SCOTUS' decision.
BRACE YOURSELF! The ‘Mother of All Supply Chain Shocks’ Is Coming as China Shuts Down Major Ports Due to Pandemic
By Jim Hoft
Published January 14, 2022 at 9:34am
2755 Comments
As if there wasn’t enough bad economic news — The War Room opened their first hour on Friday warning viewers of the coming “mother of all supply chain shocks.”
Zero Hedge reported on the coming Biden crisis on Thursday.
But what until recently was a minority view confined to our modest website, has since expanded and as Bloomberg writes overnight, the effects of restrictions in China as the country maintains its Covid-zero policy “are starting to hit supply chains in the region.” As a result of the slow movement of goods through some of the country’s busiest and most important ports means shippers are now diverting to Shanghai, causing the types of knock-on delays at the world’s biggest container port that led to massive congestion bottlnecks last summer that eventually translated into a record number of container ships waiting off the coast of California, a glut that hasn’t been cleared to this day.
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BRACE YOURSELF! The 'Mother of All Supply Chain Shocks' Is Coming as China Shuts Down Major Ports Due to Pandemic | The Gateway Pundit | by Jim Hoft
As if there wasn’t enough bad economic news — The War Room opened their first hour on Friday warning viewers of the coming “mother of all supply chain shocks.” Zero Hedge reported on the coming Biden crisis on Thursday.
www.thegatewaypundit.com
BRACE YOURSELF! The ‘Mother of All Supply Chain Shocks’ Is Coming as China Shuts Down Major Ports Due to Pandemic
By Jim Hoft
Published January 14, 2022 at 9:34am
2755 Comments
As if there wasn’t enough bad economic news — The War Room opened their first hour on Friday warning viewers of the coming “mother of all supply chain shocks.”
Zero Hedge reported on the coming Biden crisis on Thursday.
And, as we have also discussed in recent weeks, one place where this growth slowdown is emerging – besides the upcoming deterioration in US consumption where spending is now being funded to record rates by credit cards before it encounters a troubling air pocket – is China and its “covid-zero” policy in general, and its covid-locked down ports in particular.
But what until recently was a minority view confined to our modest website, has since expanded and as Bloomberg writes overnight, the effects of restrictions in China as the country maintains its Covid-zero policy “are starting to hit supply chains in the region.” As a result of the slow movement of goods through some of the country’s busiest and most important ports means shippers are now diverting to Shanghai, causing the types of knock-on delays at the world’s biggest container port that led to massive congestion bottlnecks last summer that eventually translated into a record number of container ships waiting off the coast of California, a glut that hasn’t been cleared to this day.
This is why I just bought a small heater, China made, a blender, China made, a toaster, yep China made, and a bunch of other stuff, also all made in china. I also bought a pair of Columbia boots, although they might have been made in Vietnam, not sure. Anyway, you get my point. All the stuff that you "think" you need is likely made overseas, or more likely in China. There is precious little made in the USA any more.With sailing schedules already facing delays of about a week, freight forwarders warn of the impact on already back-logged gateways in Europe and the US and is also why HSBC economists are warning that the world economy could be headed for the “mother of all” supply chain shocks if the highly infectious omicron variant which is already swamping much of the global economy spreads across Asia, especially China, at which point disruption to manufacturing will be inevitable.
“Temporary, one would hope, but hugely disruptive all the same” in the next few months, they wrote in a research note this week first noted by Bloomberg.
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