September 12, 2021
"Earlier this year, some of the economic optimists were projecting that we would experience a tremendous “economic boom” during the second half of 2021. But now we are facing empty shelves, shortages and major headaches in the months ahead."
The Shortages Are Global, and We Are Being Warned That They Will Intensify
The global economy was supposed to be getting back to “normal” by now, but instead more problems are erupting with each passing day. 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.
Earlier this year, some of the economic optimists were projecting that we would experience a tremendous “economic boom” during the second half of 2021. But now we are facing empty shelves, shortages and major headaches in the months ahead.
One shipping executive that was interviewed by CNN says that things won’t get any better until "the first quarter of 2022 at the earliest"...
Shipping companies expect the global crunch to continue. That’s massively increasing the cost of moving cargo and could add to the upward pressure on consumer prices.
Empty shelves and shortages are now a daily reality in the UK, and some large fast food chains are now being forced to completely drop certain items from their menus…
Gaps on supermarket shelves have been spotted across the country due to a combination of factors, including lorry driver shortages and Covid. Supplier issues have also led to shortages at fast food chains like McDonald’s, Nandos and KFC, with some items missing from menus and branches closed.
Could you imagine going into a McDonald’s and not being able to order a milkshake? Sadly, that has now become a reality at every single location in the United Kingdom…
McDonald’s says it has pulled milkshakes from the menu in all 1,250 of its British restaurants because of supply problems stemming from a shortage of truck drivers. The fast-food chain says it is also experiencing shortages of bottled drinks.
Here in the United States, we are dealing with similar issues. At this point, it is being reported that finding new truck drivers to hire in this country is "next to impossible"…