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Supercharged Economy Leaves Global Supply Chain Stretched Thin

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. 

Does Chaos Rule the Global Supply Chain?

Cranes and cargo at the Port of Los Angeles. Shipping container shortages in Asia, traffic jams at ports, limited availability of dockworkers and truck drivers from Southern California to Singapore, higher shipping prices all are part of a now-stretched supply chain due to the pandemic, according to a recent New York Times report. What is the impact on rail? “‘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 The New York Times, which included his quote in the headline of a March 7 feature, “‘I’ve Never Seen Anything Like This’: Chaos Strikes Global Shipping.” 

Briefing Morgen: Her er dit overblik på 2 minutter

Briefing Morgen: Her er dit overblik på 2 minutter
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