Gunny
10-13-2021, 08:27 AM
Anything I can't get from the local store is already in the bag. Cynic that I am, I've seen this coming since this pandemic began. This was a BIG problem back in the 70s. You can save all you want. The money is only one player in the game. Goods have to get from the manufacturer to the store shelves and every place in between.
An un/under-reported fact: the ports are in no hurry to fix this ship backlog. They are the only ones making bank on this fiasco.
The Biden administration has acknowledged the worsening shortages of consumer goods ahead of Christmas shopping season. According to Reuters, which cited an unnamed White House official on Tuesday, there would be items unattainable for Christmas presents due to supply chain disruptions.
The reports added some of those goods could be replaceable by other products. This comes as more than 60 cargo ships have anchored off the port of Los Angeles, while retailers had to book their own vessels to ensure deliveries.
“The ships you know sitting outside the Los Angeles port were in the twenties and thirties and now they are much, much higher than that,” explained Brian Moynihan, CEO of Bank of America. “Hopefully it will straighten over the next six months. History would show it should.”
A separate report by Coresight Research founds supply-side shortages could persist well into the first quarter of 2023 due to mounting delays in maritime shipping.
https://www.oann.com/reports-biden-admin-admits-goods-shortages-for-christmas/
An un/under-reported fact: the ports are in no hurry to fix this ship backlog. They are the only ones making bank on this fiasco.
The Biden administration has acknowledged the worsening shortages of consumer goods ahead of Christmas shopping season. According to Reuters, which cited an unnamed White House official on Tuesday, there would be items unattainable for Christmas presents due to supply chain disruptions.
The reports added some of those goods could be replaceable by other products. This comes as more than 60 cargo ships have anchored off the port of Los Angeles, while retailers had to book their own vessels to ensure deliveries.
“The ships you know sitting outside the Los Angeles port were in the twenties and thirties and now they are much, much higher than that,” explained Brian Moynihan, CEO of Bank of America. “Hopefully it will straighten over the next six months. History would show it should.”
A separate report by Coresight Research founds supply-side shortages could persist well into the first quarter of 2023 due to mounting delays in maritime shipping.
https://www.oann.com/reports-biden-admin-admits-goods-shortages-for-christmas/