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by Tyler Durden
Tuesday, Mar 16, 2021 - 07:17 AM
Shipping container shortages across Asia, vessel traffic jams at ports, higher shipping costs, and soaring input prices - are all part of the very stretched global supply chain in a post-pandemic world that remains in turmoil. Trillions of dollars unleashed by central banks and governments resulted in the overstimulation of the worldwide economy. Continuation of artificial demand stoked by stimulus could exacerbate supply-chain disruptions. I ve never seen anything like this, Lars Mikael Jensen, head of Global Ocean Network at A.P. Moller-Maersk, the world s largest shipping company, told NYTimes last week.
. and, of course, Jensen had never seen anything like this before, due in part to the amount of stimulus unleashed, tens of trillions of dollars around the world, was entirely unprecedented.
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