Upstream pricing: Something has to give Freightonomics
Is consumer inflation just getting started? 1 minute read
With consumer prices creeping higher as shortages plague almost every industry from manufacturing to grocery stores, many people are wondering if economic relief is on the way.
On this episode of Freightonomics, Anthony Smith and Zach Strickland look upstream to source some relief but are disappointed to see prices just as high as at the consumer level.
They welcome Zac Rogers from Colorado State University to the show. Rogers brings along his dad, Dale Rogers, to create a little family debate around the state of the freight economy.
A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, itâs companies furiously trying to stock up.
Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and assuage that primal fear of running out. The frenzy is pushing supply chains to the brink of seizing up. Shortages, transportation bottlenecks and price spikes are nearing the highest levels in recent memory, raising concern that a supercharged global economy will stoke inflation.
Shortages, transportation bottlenecks and price spikes are nearing the highest levels in recent memory, raising concern that a supercharged global economy
A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying to stock up.
Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and assuage that primal fear of running out. The frenzy is pushing supply chains to the brink of seizing up. Shortages, transportation bottlenecks and price spikes are nearing the highest levels in recent memory, raising concern that a supercharged global economy will stoke inflation.
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