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Showing Original Post only (View all)The World Economy Is Suddenly Running Low on Everything [View all]
Source: Bloomberg
A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, its companies furiously trying to stock up.
Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and assuage that primal fear of running out. The frenzy is pushing supply chains to the brink of seizing up. Shortages, transportation bottlenecks and price spikes are nearing the highest levels in recent memory, raising concern that a supercharged global economy will stoke inflation.
Copper, iron ore and steel. Corn, coffee, wheat and soybeans. Lumber, semiconductors, plastic and cardboard for packaging. The world is seemingly low on all of it. You name it, and we have a shortage on it, Tom Linebarger, chairman and chief executive of engine and generator manufacturer Cummins Inc., said on a call this month. Clients are trying to get everything they can because they see high demand, Jennifer Rumsey, the Columbus, Indiana-based companys president, said. They think its going to extend into next year.
The difference between the big crunch of 2021 and past supply disruptions is the sheer magnitude of it, and the fact that there is as far as anyone can tell no clear end in sight. Big or small, few businesses are spared. Europes largest fleet of trucks, Girteka Logistics, says theres been a struggle to find enough capacity. Monster Beverage Corp. of Corona, California, is dealing with an aluminum can scarcity. Hong Kongs MOMAX Technology Ltd. is delaying production of a new product because of a dearth of semiconductors.
Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and assuage that primal fear of running out. The frenzy is pushing supply chains to the brink of seizing up. Shortages, transportation bottlenecks and price spikes are nearing the highest levels in recent memory, raising concern that a supercharged global economy will stoke inflation.
Copper, iron ore and steel. Corn, coffee, wheat and soybeans. Lumber, semiconductors, plastic and cardboard for packaging. The world is seemingly low on all of it. You name it, and we have a shortage on it, Tom Linebarger, chairman and chief executive of engine and generator manufacturer Cummins Inc., said on a call this month. Clients are trying to get everything they can because they see high demand, Jennifer Rumsey, the Columbus, Indiana-based companys president, said. They think its going to extend into next year.
The difference between the big crunch of 2021 and past supply disruptions is the sheer magnitude of it, and the fact that there is as far as anyone can tell no clear end in sight. Big or small, few businesses are spared. Europes largest fleet of trucks, Girteka Logistics, says theres been a struggle to find enough capacity. Monster Beverage Corp. of Corona, California, is dealing with an aluminum can scarcity. Hong Kongs MOMAX Technology Ltd. is delaying production of a new product because of a dearth of semiconductors.
Read more: https://www.bloomberg.com/news/articles/2021-05-17/inflation-rate-2021-and-shortages-companies-panic-buying-as-supplies-run-short?srnd=premium-asia&sref=nXmOg68r
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i am having a hard time finding some of my regular things..like pre mixed Diet Ice tea..
samnsara
May 2021
#2
I get what your saying, sort of. But it seems the lack of biodiversity is directly linked to human
Jetheels
May 2021
#24
that's because the lizard people are now building their giant base in the inside of the earth
Javaman
May 2021
#14
Whatta think was in those huge warehouses? They were the buffer to high/low demand....
machoneman
May 2021
#19