There's but one place for his approval rating to go and that's down. All these cost increases (assuming you can find what you want to buy, and that's a big assumption) will be passed onto consumers. Get your camera ready because Black Friday is going to be a shark feeding frenzy this year.
The supply chain situation the world finds itself in has never been seen before, even when taking the Great Depression into account, says Zimmerman. Back then, issues built over time. Now, there are “insane gyrations” as the supply chain goes through the highs and lows of managing a continuing global pandemic that isn’t resolving in a straight line.
“The supply chain has been optimized for very efficient movements. All of this has been blown up,” he said.
You know, just maybe there's a silver lining to all this. Maybe it will incentivize companies like Walmart, Target, Home Despot and Costco to resource their supply chain away from China. After all, we've got a huge pool of cheap immigrant labor thanks to open borders. Surely, a Haitian will work all day for a fish head and a bowl of rice as much as a Chinaman. It would be prejudice to think otherwise.
The supply chain situation the world finds itself in has never been seen before, even when taking the Great Depression into account, says Zimmerman. Back then, issues built over time. Now, there are “insane gyrations” as the supply chain goes through the highs and lows of managing a continuing global pandemic that isn’t resolving in a straight line.
“The supply chain has been optimized for very efficient movements. All of this has been blown up,” he said.
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You know, just maybe there's a silver lining to all this. Maybe it will incentivize companies like Walmart, Target, Home Despot and Costco to resource their supply chain away from China. After all, we've got a huge pool of cheap immigrant labor thanks to open borders. Surely, a Haitian will work all day for a fish head and a bowl of rice as much as a Chinaman. It would be prejudice to think otherwise.
