Tag Archives: supply chain problems

China Is Panic Buying For The Coming Famine, But The U.S. Is Taking A Completely Different Approach – Video

The Epic Economist – December 29, 2021.

We’re living in an era when scarcity continues to aggravate all over the world. Global food supplies are at alarmingly low levels while prices keep reaching new highs with each passing month. Extreme weather events and ravaging natural disasters have been affecting food production all across the planet, and the health crisis has undoubtedly pushed global supply chains over the edge. The situation is incredibly chaotic right now, and every time the supply chain crisis seems to be easing a new disruption emerges to take things back to square one. As a consequence, the UN is warning that the world is currently battling the worst hunger crisis in this century, and conditions are expected to get even worse in 2022. Unfortunately, this tragic crisis is far from ending.        Continue reading

SHIPPING CONTAINERS: The metal box that’s wrecking the business supply chain

Shipping containers, explained by a historian.

Piles of red and green shipping containers with a crane putting an Evergreen shipping container on an existing stack.
PHOTO: Shipping containers have piled up, throwing another wrench into the supply chain. –Mario Tama/Getty Images

Behold the simple shipping container. It’s a large, steel box that can carry tens of thousands of pounds of cargo. It’s also stackable and designed to fit on ocean freight ships, trains, and even trucks. These containers have been an unnoticed cog in the world’s highly complex manufacturing network for decades. But not anymore.

Thanks to the pandemic, the shipping container is now at the center of the global supply chain crisis, which has interrupted the delivery of everything from medical supplies to holiday gifts. Because of widespread manufacturing delays and bottlenecks, there aren’t enough of these boxes in the right place and at the right time.            Continue reading

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