Monday, October 4, 2021

"Supply Chain Collapse?"

Global supply chains are beginning to break down and may actually collapse as soon as this Christmas.

On Wednesday, in an open letter to heads of state attending the United Nations General Assembly, the International Chamber of Shipping (ICS) and other transport groups sounded an alarming warning:

The entire global transport system is on the verge of collapse.

That's right, people--container ship crews, truck drivers and airline workers have endured quarantines, travel restrictions, and complex COVID-19 requirements that have kept them jumping through hoops since the beginning of the pandemic.

But now the situation has reached critical mass and may be at the breaking point.

"Global supply chains are beginning to buckle as two years worth of strain on transport workers take their toll," the groups wrote.

The letter, signed by the International Air Transport Association (IATA), the International Road Transport Union (IRU), the International Transport Workers Federation (ITF), as well as the Shippers (ICS), represent 65 million transport workers globally.

"All transport sectors are also seeing a shortage of workers, and expect more to leave as a result of the poor treatment millions have faced during the pandemic, putting the supply chain under greater threat." 

So what does that mean for us? Nothing good. Should the supply chain actually collapse, economists fear it could trigger a global economic crisis as well. At the very least, it means higher prices and shortages of food, fuel, medicine, consumer goods (and anything else you can think of) just in time for Christmas.

Our advice? Buy what you need now, and hope it doesn't happen later.

A wise man once said: "With all that's going on these days, it's easy to get distracted. But as the world grows ever darker, it's more important than ever to keep our focus on spreading the Gospel." --Amir Tsarfati, founder of Behold Israel

"Jesus said, 'I am the resurrection and the life. Those who believe in Me, even though they die like everyone else, will live again. They are given eternal life for believing in Me, and will never perish.'" (JOHN 11: 25-26)

👉👉👉"HOW TO GO TO HEAVEN!" ☝

News:

  • CBS Los Angeles: Backlog of Cargo Ships At Port of L.A. Reaches Boiling Point; 500,000 containers sit offshore
  • Fox News Channel: Costco chartering its own container ships amid global supply chain issues
  • The Guardian: 'A Perfect Storm': Supply chain crisis could blow world economy off course


 

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