20 Facts About This Supply Chain Collapse That Will Take Your Breath Away

Experts are warning that the global supply chain crisis is going trigger a record number of disruptions as we enter the second half of 2022. Things were supposed to be getting better by now. Instead, every new survey, study, analysis, or forecast about global supply chains suggests that we are headed to the most chaotic peak shipping season ever recorded. Companies continue to suffer from a myriad of problems caused by product shortages, delivery delays, and persistent supply chain bottlenecks, often leading them to collectively lose billions of dollars each year. Meanwhile, the vast majority of U.S. consumers are still facing empty shelves, soaring prices, and poor customer experience. New data shows that Americans are getting increasingly frustrated with the rising number of out-of-stock products, price hikes and higher costs for shipping.
Every sector of the industry is being burdened by a series of problems caused by broken supply chains. A new study published by the Small Business Association of Michigan noted that 59% of U.S. small businesses have been facing persistent complications in logistics and transport which led 87% of them to face higher costs than before the pandemic, with almost half – 43% - reporting price increases of 20% and more. Due to these obstacles, 20% of U.S. small businesses said they’re still feeling pessimistic about the long-term survival of their operations.
The system has been broken so many times over the past two years that industry executives don't see an end for supply chain problems coming about anytime soon. In fact, many issues are likely to worsen this year, as roughly 40% of workers in the transport sector are threatening to quit their jobs. Truckers collect and distribute over 70% of the goods arriving at U.S. ports around the nation. Such a shortfall of workers could paralyze domestic supply chains indefinetely. Road transport operators are warning about a “perfect storm” for the trucking industry in 2022. As the backbone of global supply chains, road transport operators are calling on governments for support to avoid bankruptcies and to stabilize the transport system as a whole. “Right now, driver shortages and drastic fuel price increases have created a “perfect storm” that can further aggravate supply chain disruptions this summer,” said Bob Costello, chief economist for the American Trucking Associations.
On top of all that, global container capacity has been dramatically reduced in the past few months, and millions of containers are still stuck outside ports worldwide as congestion escalates. The outlook for the next six months is grim - we're about to witness the cumulative impact of almost 24 months of continued interruptions.
The stress we've felt as a result of supply chain problems over the past two years was nothing compared to what we will experience in the coming months. Geopolitical conflicts, extreme weather, slower manufacturing, higher fuel costs, and global inflation will continue to wreak havoc on supply chains - and more importantly, we will continue to feel the impact of all of these problems in our monthly budgets. We can only advise you to stock up while you still can because the chaos ahead will be devastating. And in today's video, we compiled several facts that reveal the extent of the problems we've already faced and the challenges that will continue to aggravate the supply chain crisis as we enter the second half of the year.

[jmann]

I make my wife listen to this to scare her from shopping. Dosent work

[alicemuller]

Great content man! If you missed buying bitcoin since when it started, I think now is the best time to buy again. Been into the crypto space since 2014 and the profits I made from crypto almost entirely funded my recent duplex.

[angelogcs]

"Gentlemen.
It's been a privilege playing with you tonight."

[colindavis]

"Love not the world, neither the things of the world. If any man love the world, the love of the Father is not in him".

1 John 2:15

[sandikennelly]

If Trump were not removed we wouldn’t be dealing with a supply chain shortage. Let’s Go Brandon.

[sofialeonardo]

<<ADVICE >> Inflation is killing my budget and my salary. I can't invest and it seems like I will need to sell all of my risk assets to keep my head above the water this year.<<>>

[EE-din]

I see people are still gullible in 2022 falling for scams. Comments below stating like $60.200 in returns from $7000 investment in 17 days are scamming bots. DO NOT FALL FOR THESE SCAMS and do not reply to their comments asking to share their secret and to help you invest.

[snedzy]

Despite the downturn I've turned $50 into a case of beer

[steveguti]

Urgent emergency Please join me in prayer for all those affected children families animals wildfires in NEW MEXICO new Jersey Texas Alaska Arizona Colorado Nebraska Kansas Oklahoma they desperately need your prayers please pray for them God bless you all

[stlouisix]

These supply-chain issues will take our breath and our energy and water and food away😂

[jkdeadman]

Leaving trucking after 26 years.we are over worked under paid over regulated and the general public treat us like crap.its became a horrible industry to be in.

[laurawellsresearchnewsanda]

They took my big fb Account down for warning about this over the last few years

[MannyScoot]

Smithfield farms (meat producer) is closing processing plants and leaving the United have over 60, 000 employees

[laurawellsresearchnewsanda]

Let’s go Brandon is purposely collapsing the economy

[cajuncycleresto]

"IT HAS BEGUN" (Sadly it actually has)

[toddsmith]

I know for certain what will take my breath away. When I see millions begin to dine GREEN!

[steveguti]

We would appreciate it deeply if anyone could pray for us our 12 year old daughter Candice living with chronic congestive heart failure passed away may 30 peacefully in her sleep she is with the Lord we are all devastated we desperately need your prayers please pray for peace and comfort with God's love conquers all amen we lost our first daughter Angel at 15 years old in 2018 peacefully in her sleep she had Ms this is very tough we are grateful to God for two wonderful daughters and we will be altogether again praying for everyone everyday God bless you all..

[jamesackermann]

This problems happen when you over regulate and create more paperwork then unnecessary needed. Time and paperwork equals more cost. And the burocrats are not helping they only make excuses

[westoncharm]

Owner Operator and corporate business owner here. Rates have gone up, but businesses are trying to pocket most of the shipping costs. Brokers are also the bottom feeders that low-ball rates. Places like Walmart and Amazon are trying to use unproven autonomous (from unprofitable tech companies) /box trucks and semi trucks to ship freight.

The results will be abysmal. Stansky tried this with Budweiser and it failed. This will be no different. Autonomous trucks cannot back, fuel, sign BOLS, slide tandems to balance weight, secure loads, open/close trailer doors, drop and hook from trailer to trailer, lower/raise landing gear and hook up electrical and air lines. This alone will be a disaster. Once accidents, fatalities, lawsuits and freight claims kick in, they'll get out of the industry. Any of those incidents will cost any company millions and the liability will be too high. Then freight rates will skyrocket.

[oldmanrock]

All right. Some more doom. I was running low. Unfortunately it's getting real.