Posts

Showing posts with the label shortage

Why America Must Fight Corporate Greed

Image
In the midst of America's economic recovery from the COVID-19 pandemic, our nation struggled with disruptions and bottlenecks in various supply chains to a degree not seen in most of our lifetimes. Construction materials, computer chips, automotive parts, a variety of foodstuffs and more all were either in short supply, having difficulty getting where they needed to go or both. Cargo ships sat waiting for weeks before docking and unloading in ports such as Long Beach and Los Angeles, a long-problematic short-supply of truck drivers left a lag time in goods being moved and distributed, a general labor-shortage resulted in long restock times and difficulties fulfilling goods and services ordered, and all of this was taking place while demand within the American economy was near all-time highs. As a result, the cost of shipping, trucking, labor and goods in general began to see unusually rapid increases. Shipping costs from Asia to North America increased by nearly 10 times, the cost ...