They said the same BS about the economy when Obama was president, that this was the “new normal”.
But all it took was Trump and his policies to fix everything.
Modern Americans suffer from extreme normalcy bias. Do people not understand that the last 75 year is an extreme aberration? Supply chains have been fickle throughout human history, that’s the norm, not that exception. Being poor and fat is mostly a modern American phenomenon, people mostly chase food, that’s always been the norm. Vic’s have always been impressive by nature, but where we are shocked by the Dems, et al wanting to impose their will on us. Bowing down to the nerds (lib beta males) and other weakest among us (lgbt, ghetto clowns, etc) and ceding control of the national narrative to them, yep.. also a modern American phenomenon.
My point in all this is life has history been hard, violent and short throughout our entire history. Now that modern America is in a state of collapse, we’re all shocked! What the hell did everyone think was going to happen?
There’s a lot of BS in this one.
For example,
> Environmental concerns and regulations that have prevented exploration and production and killed pipeline projects are largely the reason that the world currently lacks sufficient energy resources to buffer against the consequences of the Russia-Ukraine war.
Keystone was killed and the oil is still moving via rail. Not coincidentally, rail largely owned by Warren Buffet/Berkshire Hathaway, a huge Dem contributor.
Underlying many of the arguments is belief in CACC, catastrophic anthropogenic climate change. This would be a belief I do not hold.
What a crap article. It says almost nothing, and most of what it does say is pablum.
The world recovered from WWII in 10 years. But that was then, this is now
Supply Chain Congestion Set To Worsen As Container Rates Rebound On Easing China Lockdowns
A supply chain management process built on precision is delusional.
As our supply chains have become increasingly refined over time, they have also become increasingly brittle. This means that even a small failure or disruption can have catastrophic consequences.
As I once told a client of mine who was trying to develop technology to improve the efficiency of one particular link in the U.S. transportation system ... "You are over-thinking this and chasing a ghost if you think you can do this well. Refining your asset to such a high degree of precision is like measuring a warehouse operation to the tenth of a second while it is being supplied by sailing ships that measure time using a calendar and an hourglass."
The maritime college in Maine has a major: International Business and Logistics. A three month COOP is required between the junior and senior year. In the past few years all of the graduates of this program have had multiple job offers in the supply chain arena.
Ping
Besides the scarcity of fuel, there is the CAlifornication of the left coast. With punishing regulations on what big rigs can enter the state to unload shipping containers, one would think that container ships would prefer to unload in OR or WA. Maybe they are ... I just haven’t seen any news to that effect. Getting CA to moderate their trucking restrictions would be a big help.
They would if they could. Economies of scale, manufacturing costs, and intellectual property rights often dictate otherwise.
Companies will be forced to shed a lot of their delusions about Just-In-Time (JIT) supply chains and revert, at least partially, back to Just-In-Case stockage policies. They'll carry more weeks of supply of products in warehouses.
How many weeks of supply? Depends on how long it will take to buy or manufacture replacements for their customers versus how much those customers are willing to pay for the additional storage fees and cost-to-hold of the extra inventory.
Manufacturers that are highly dependent on computer chips will likely risk carrying two years of additional inventories, knowing that technology changes quickly and those chips could become close to worthless if superseded.
BTTT.
I know that!
We are seeing the results of three major mistakes. First, in pursuit of ever cheaper labor we outsourced the manufacture of everything from electronics to pharmaceuticals to China, a communist police state bent on world domination. Second, we gave up our energy independence to again seek imported oil from OPEC transported by vulnerable shipping. Third, we are willingly crippling our economy in the name of phony climate change hysteria that we now are finding has been funded in part by Russia.
Trump succeeded in restoring our energy independence, sadly to have it thrown away by Biden. However, given the will energy independence could be restored. We are starting to realize we cannot depend on China for any strategic manufactured goods and we should push for making more of these products here or at least in more reliable countries. Lastly, the Green New Deal is already being shown to be a pie in the sky fantasy. The folly of green energy will be painfully learned when we soon see major blackouts as a result of reliance on undependable windmills and solar farms.
If the election wasn’t stolen none of this would be...
No as long as Fauci and his ilk continue to breathe..
All I know is an entire generation grew up on low interest rates. They seemed to go on forever and I think many assumed low rate environments were here to stay.
But with inflation so high lenders are not going to be as willing to accept low rates.
Shorten the chain and make more stuff in the western half of the world.