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

Posted on 4/28/21 at 1:17 pm
Posted by Palmetto08
Member since Sep 2012
4048 posts
Posted on 4/28/21 at 1:17 pm
Shipping from Asia is insane right now with astronomical freight rates, container shortages and a backlog of products. What a mess

quote:

The number of container ships stuck at anchor off Los Angeles and Long Beach is down to around 20 per day, from 30 a few months ago. Does this mean the capacity crunch in the trans-Pacific market is finally easing? Absolutely not, warned Nerijus Poskus, vice president of global ocean at freight forwarder Flexport. “It’s not getting better. It’s getting worse,” he told American Shipper in an interview on Monday.

“What I’m seeing is unprecedented. We are seeing a tsunami of freight,” he reported.


quote:

“Buckle up. The month of May will be the worst people have ever seen,” he predicted. Because some shippers will have to wait in line behind the growing backlog in Asia, he expects “what’s going to happen soon is that some importers won’t even be able to get on the boat. For them, it will almost feel like trade is coming to a halt.”



LINK
Posted by SippyCup
Gulf Coast
Member since Sep 2008
6139 posts
Posted on 4/28/21 at 1:19 pm to
So truck nuts ON / OFF
Posted by Y.A. Tittle
Member since Sep 2003
101293 posts
Posted on 4/28/21 at 1:19 pm to
Free money does crazy things, doesn’t it?
Posted by Cosmo
glassman's guest house
Member since Oct 2003
120172 posts
Posted on 4/28/21 at 1:19 pm to
Should do everything possible to move manufacturing here as Trump wanted

But China Joe has already reversed that policy
Posted by jlovel7
Louisiana
Member since Aug 2014
21305 posts
Posted on 4/28/21 at 1:19 pm to
Would be nice if we started manufacturing our needs here again so we didn't need to worry about waiting in line behind Asian markets (who I don't blame for prioritizing themselves).
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
70869 posts
Posted on 4/28/21 at 1:20 pm to
If only there were a country on this side of the ocean where we could manufacture products so we wouldn't be dependent on Chi na for goods.
Posted by crewdepoo
Hogwarts
Member since Jan 2015
9580 posts
Posted on 4/28/21 at 1:21 pm to
Zerohedge is a good source
Posted by Winston Cup
Dallas Cowboys Fan
Member since May 2016
65489 posts
Posted on 4/28/21 at 1:21 pm to
but air jordans and iphones are on the boat right?
Posted by Bluefin
The Banana Stand
Member since Apr 2011
13253 posts
Posted on 4/28/21 at 1:22 pm to
I just don't understand why we haven't built a bridge to China yet.
Posted by Stealth Matrix
29°59'55.98"N 90°05'21.85"W
Member since Aug 2019
7790 posts
Posted on 4/28/21 at 1:22 pm to
So, is this the shite en route to the fan?
Posted by Swagga
504
Member since Dec 2009
16114 posts
Posted on 4/28/21 at 1:22 pm to
Took the words out my mouth.

We have people who need work.

We have places that need business.


But China Joe has decided keeping American jobs home is irrelevant.
Posted by HempHead
Big Sky Country
Member since Mar 2011
55438 posts
Posted on 4/28/21 at 1:24 pm to
quote:

We have people who need work.

We have places that need business.


Imagine if that fricking absurd injection in to M1 was a joint public-private investment in to strategic manufacturing capacity.

Who am I kidding, it's not like the shite would work anyway.
Posted by GoCrazyAuburn
Member since Feb 2010
34863 posts
Posted on 4/28/21 at 1:25 pm to
quote:

Should do everything possible to move manufacturing here as Trump wanted



I agree, but a big issue with this is on our end too. The ports are just a disaster right now, especially Long Beach. I think yesterday or Monday was the first time is quite a while they dropped below 20 ships just sitting out waiting to come in. New York is having a ton of issues too.

It is an absolute mess right now.
Posted by FredBear
Georgia
Member since Aug 2017
14973 posts
Posted on 4/28/21 at 1:25 pm to
Bidens* America
Posted by Permit
Stuart, FL
Member since Jan 2017
366 posts
Posted on 4/28/21 at 1:26 pm to
They can't find people to work in this part of Florida. Stim checks not helping
Posted by squid_hunt
Baton Rouge
Member since Jan 2021
11272 posts
Posted on 4/28/21 at 1:26 pm to
quote:

Took the words out my mouth. We have people who need work. We have places that need business. But China Joe has decided keeping American jobs home is irrelevant.

The best way to reverse this is to reduce regulation, reduce pay, and reduce benefits. Who's game?
This post was edited on 4/28/21 at 1:28 pm
Posted by Topwater Trout
Red Stick
Member since Oct 2010
67589 posts
Posted on 4/28/21 at 1:27 pm to
quote:

I just don't understand why we haven't built a bridge to China yet.


china could do it over the weekend
Posted by Sasquatch Smash
Member since Nov 2007
23979 posts
Posted on 4/28/21 at 1:28 pm to
quote:

So truck nuts ON / OFF


Saw a set on a brand new Honda Civic this morning.
Posted by Penrod
Member since Jan 2011
39103 posts
Posted on 4/28/21 at 1:29 pm to
quote:

We have people who need work.


We do? We have jobs going unfilled because Americans are too lazy to do them.
Posted by TaderSalad
mudbug territory
Member since Jul 2014
24626 posts
Posted on 4/28/21 at 1:30 pm to
quote:

It is an absolute mess right now.



This is what happens when you make unemployment benefits more than survival money...
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