China Finance Globalism International WHO

American Supply Chain Shortage

In a post pandemic era, supply chain problems may be the next world crisis. An American supply chain shortage may be coming to a town near you. The frightening details were disclosed by the workers themselves, appearing in a recent statement to the United Nations General Assembly.

The International Chamber of Shipping, warned that the current state of the “crumbling” supply chain. in the letter to the UN, writing, “Our calls have been consistent and clear: freedom of movement for transport workers, for governments to use protocols that have been endorsed by international bodies for each sector and to prioritise transport workers for vaccinations as called for in the World Health Organization’s SAGE Roadmap for Prioritizing Uses of COVID-19 Vaccines in the Context of Limited Supply.”

The letter continues, Heads of government have failed to listen, to end the blame-shifting within and between governments and take the decisive and coordinated action needed to resolve this crisis.”

“We ask that our transport workers are given priority to receive WHO recognised vaccines and heads of government work together to create globally harmonised, digital, mutually recognised vaccination certificate and processes for demonstrating health credentials (including vaccination status and COVID-19 test results), which are paramount to ensure transport workers can cross international borders.”

The impact of nearly two years’ worth of strain, placed particularly upon maritime and road transport workers, but also impacting air crews, is now being seen. Their continued mistreatment is adding pressure on an already crumbling global supply chain. We are witnessing unprecedented disruptions and global delays and shortages on essential goods including electronics, food, fuel and medical supplies. Consumer demand is rising and the delays look set to worsen ahead of Christmas and continue into 2022.

The letter concludes “In view of the vital role that transport workers have played during the pandemic and continue to play during the ongoing supply chain crisis, we request, as a matter of urgency, a meeting with WHO and the ILO at the highest level to identify solutions before global transport systems collapse. We also ask that WHO and the ILO raise this at the UN General Assembly and call on heads of government to take meaningful and swift action to resolve this crisis now.”

The letter was signed by the International Air Transport Association (IATA), the International Road Transport Union (IRU), and the International Transport Workers’ Federation (ITF). These organizations represent 65 million transport workers globally.

Image Source: Morgan Stanley

Read the full letter here


International Data

The IMF Released a report displaying the statistics of the Global Supply Chain Disruption. The document states “Nominal global food prices have risen more than 40% since the start of the pandemic” however the IMF predicts, “Inflation is [hopefully] expected to revert to pre-pandemic levels by mid-2022”.


Costco

Brands like Costco has already enforced purchase limits on key household items like bottled water and toilet paper, according to the company’s chief executive, due to port delays, driver shortages, and “COVID disruption.”

Trashbags, plastic cups, have gone up by between 5% and 11%, Richard Galanti, Costco’s Chief Financial Executive predicted.

Image Source: Reddit

“Inflationary factors abound, higher labor costs, higher freight cost, higher transportation demand, along with container shortages and port delays, increased demand in certain product categories,” Galanti, said, adding “With inflation, to the extent that there are permanent inflationary items, like freight costs, or even somewhat permanent for the next year, we can’t hold on to all those, some of that has to be passed on and it is being passed on,”


Conclusion

Supply chain shortages are coming and they are very real. Now is the time to stock up on household supplies, as the demand is consistent and prices have already begun to increase. Limits on purchases already enacted at Costco include toilet paper, bottled waters, paper towels, and cleaning products, though Costco has not specified how many items customers will be “allowed” to purchase.

To what degree will this supply chain shortage impact America? Could future supply chain shortages be weaponized—an opportunity to change American society—by implementing “temporary” [communist] supply limits into our free market economy?

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