Everything you need to know about the global supply chain crisis



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Fickling: All the ships that ply the seas are all oil powered, but surprisingly that’s not the biggest factor in the cost of transportation. The place where it really matters is in China itself. When it comes to all the major commodities – aluminum, copper, steel, all those industrial qualities that are the very basis of these supply chains – China manufactures roughly 50%. They are very energy intensive. In fact, they are so energy intensive that the Chinese government has made some pretty serious efforts to crack down on these industries. They want to cut production and especially cut emissions because of their own goals.Read More: Making Acquisitions to Control the Supply Chain: Brooke SutherlandBrace for Years of Chaos in Container Shipping: David FicklingCan 1% of Singapore’s Land Feed Its Population? : Daniel Moss GLOBAL OVERVIEW: US supply crisis is easing, Europe’s is not: Bjorn van Roye and Tom Orlik Billions of dollars won’t solve all shortages: Anjani TrivediSutherland: Even though the United States has reopened and been further ahead of the curve than some of the other parts of the world, you can fly today. You can go to the movies and people spend on those things. Bank of America is releasing some very interesting credit card data, and it showed that airline spending turned positive on a two-year basis for the first time this year in the past two weeks. Entertainment spending is up about 4% from pre-pandemic levels, and yet we still see insane spending on goods. Furniture spending is still up nearly 35% on a two-year basis, home improvement store spending is up nearly 50%. It’s interesting that even though we’ve seen this reopening trend, the American consumer is still very willing to spend on goods, and this contributes to some of the supply chain challenges we’ve seen.

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