re: Supply Chains Implode As "Price Doesn’t Even Matter Anymore"

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What do you think the cause is

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Long read but I’ll give you and everyone on this board a serious answer that’s 100% true. I’ve been in the import tropical hardwood business for 30 years. I import mahogany, Spanish Cedar, Burmese Teak, Ipe decking, African exotics, etc. The bulk of south Louisiana that has bought custom mahogany type doors and shutters for their homes probably have my lumber in or on their homes. For 10 years I’ve been paying around $3,000 per container from Malaysia, Myanmar, West Africa, and Brazil. Now I’m paying $13,000 to $15,000 per container and it started drastically going up 9 weeks ago. There are probably 1,000 cargo ships anchored up all over the globe just sitting there when they could be hauling product. Why you ask? That’s a good question the Dutch, Jews, a few Americans, and a few other nationalities need to answer. I’m no Biden fan but I can’t point the finger at him. You can’t get goods and products shipped to other countries or to this country in a timely manner. Asian countries want and need our products just as much as we want their offerings. The whole cargo ship issue is being manipulated by probably 100 people in this world just like a global monopoly. Odd thing is, my business is setting sales records after sales records the past two years and everyone I talk to in my industry are at an unprecedented level of busy and very profitable. The pine mills have in a sense shut down they are so busy and you might as well say are printing money. Someone said the trucking industry is hurting? That’s not accurate. Truckers can pick and choose their loads they haul and if you want something moved and it absolutely has to get there in Mobile, AL get ready to pay $4.00 to $5.00 per mile and that might not move your load if a driver doesn’t want to go where you need something shipped.