Supply Chain Crisis Turns Into A Nightmare As Shipping Crisis Push Prices To Stratospheric Levels

The supply chain crisis is creating the worst logistics nightmare the industry sector has ever seen. The people who actually run the supply chain industry are becoming increasingly desperate as disruptions continue to emerge in every link of the system. A myriad of problems is creating new chokepoints, and backlogs, and also sparking chaos at ports all around the world. And a new survey has exposed the many challenges plaguing supply chains and why they are likely to stay broken for the foreseeable future.
Several supply chain data sources reveal that many professionals are having problems tackling supply chain challenges this year. It’s never been harder to find solutions that actually help to fix this fragile system. According to Blue Yonder's 2022 Supply Chain & Logistics Executive Survey, almost all businesses, or about 88%, have faced disruption this year, with over a quarter, or 26%, facing prolonged interruptions in their operations due to supply chain issues. 
On top of that, at least 43% of companies are experiencing staffing shortages, and 38% reported that their production is currently stalled. All in all, 58% of businesses said their customers will be facing delays this year as the port of Shanghai restarts and the shipping nightmare begins.
“It may not come as a surprise that most businesses are facing supply chain challenges over the past year, but the research demonstrates that supply chain disruptions are here to stay,” warned Shri Hariharan, Blue Yonder’s corporate vice president. In the US, an unexpected explosion of demand, a shortage of port workers, an absence of available chassis to move freight, and a weakened transportation infrastructure for domestic deliveries have combined to cause companies to fail to meet production, delivery, and distribution targets over the past 12 months.
Complex issues require multifaced solutions, and significant changes take time to occur. However, supply chain market research shows that the majority of companies, specifically 69%, do not have complete visibility of their supply chains, and around 30% of companies don’t analyze the source of supply chain disruptions whatsoever. This means that almost 70% of businesses are in an extremely vulnerable position and are still at risk of facing further disruptions. 
All of these logistics headaches have largely fallen to supply-chain managers to sort out, making their jobs far tougher and mentally straining over the past two years. For that reason, supply chain managers are quitting their jobs at the fastest pace since 2016 due to a mix of burnout and late payments. The survey also found that loss of talent accounts for 51% of supply chain disruptions.
As problems pile up, those who run the system are getting absolutely overwhelmed and many are just throwing in the towel and giving up. The widespread nature of the disruptions is going to keep the system clogged for decades to come. In essence, supply chains are only as strong as their weakest link, and the myriad of issues emerging across every sector of the supply chains have demonstrated that weak links are multiplying much faster than resilience can be built. In other words, as disruptions mount and the system crumbles, the countdown to the next supply chain shock has already begun.

[Springsteen]

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[godscountryhomestead]

Everyone better be stocking up on food. Basics-flour, yeast, rice, dried beans. sugar, (25lbs each of dry good) Sams online! coffee, oatmeal, can meats soup vegetables fruit, grits, cornmeal, cereal, evaporated milk, dry milk, water……..
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[googlebanmetoomuch]

Shortages, Massive Inflation, job losses, market crash. GD 2.0

[Elizabeth-fnyu]

$76, 000 just in two weeks Mrs Sarah joy greene you are so amazing.

[jeramiesullivn]

Maybe Bill Gates could use those planes for shipping instead of spraying crap in our sky

[toddsmith]

Perhaps not all prices will explode. Some things may be affordable in the future, GREEN!

[kingmandume]

"we are skrewed, become tough and survive" good luck.

[lukefreeborn]

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[FarawayPrepper]

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[FlashiestRed]

I just went grocery shopping a few days ago and I definitely noticed prices have more than doubled.

[thelasthourgetready]

Epic economist I remember when many people in the comment section used to mock and laugh at your uploads. I'm looking at the comments now, not a joke insight lol. People can now see it!

[nosockaccounts]

I paid $3.75 for a glass of orange juice ad paid $3.75 for a cup of coffee. Both at different WTF?

[Petrov]

WHY is Hillary STILL on Twitter and Scott Ritter and Chris Hedges are permanently banned?

[richardwalter]

Buy food, buy gas. Prices are going to keep increasing

[freedomofspeech]

If you live in Asia . It is not strange things at all ! they 've done that all the time . they hold and/or bought the products back then jack up the price .

[NEWNATURE]

In 1775, Patrick Henry declared “Give me liberty or give me death!” All the US Founding Fathers knew when they signed The Declaration of Independence that they were signing their death warrants if the 13 colonies lost the war with Britain. Yet, John Hancock wrote his name so large that it is now synonymous with “signature”. In effect, they were all saying to the mighty British Empire, “You know where to find us — and we are not afraid”.🇺🇸🙏🙏🙏

[minibossforever]

Weird how they are saying there is no warehouse space when Amazon is selling 10, 000, 000 square feet as of May 25th.

[stevepailet]

Whipsaw yes there is a problem with inventory. Most big retailers ordered in enough goods to last them in normal time enough to last them by a factor of 3 to 10 times what they would normally order. So the warehouses are going up fast. They have to store this crap till they can sell it. Meanwhile more is on the way in the way of 100s of container ships. These ships are filling up the western ports the Gulf of Mexico ports and yes even the ports along the Atlantic. Once all of this cargo hits the warehouses there wont be such a huge back log . China is for the most part shut down.

[luciferlight]

Maybe Biden should work on fixing the supply chain issue before removing terrifs on Chinese goods .

[timboc]

Beautiful ❤️! ..Ruckus and Tent Cities are coming up fast ..Ye folks ready!?