Home

The World Economy Is Suddenly Running Low on Everything

3 Comments

Click the link below the picture

.

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.

Copper, iron ore, and steel. Corn, coffee, wheat, and soybeans. Lumber, semiconductors, plastic, and cardboard for packaging. The world is seemingly low on all of it. “You name it, and we have a shortage on it,” Tom Linebarger, chairman, and chief executive of engine and generator manufacturer Cummins Inc., said on a call this month. Clients are “trying to get everything they can because they see high demand,” Jennifer Rumsey, the Columbus, Indiana-based company’s president, said. “They think it’s going to extend into next year.”

.

Irrigation lines are set up to water almond tree rootstocks in Tulare, California, on April 21.
Photographer: Gary Coronado/Los Angeles Times/Getty Images

.

.

Click the link below for the article:

https://www.bloomberg.com/news/articles/2021-05-17/inflation-rate-2021-and-shortages-companies-panic-buying-as-supplies-run-short

.

__________________________________________

3 Comments (+add yours?)

  1. renxkyoko
    Jun 07, 2021 @ 17:04:45

    Time to reuse stuff. Almost everything is thrown away.

    Liked by 2 people

    Reply

    • Mohenjo
      Jun 08, 2021 @ 15:39:55

      They are starting to repurpose some of the tons of plastic in the ocean. Plus, there are bacteria that break down plastic. A cure for arthritis would make you a billionaire!

      Liked by 1 person

      Reply

      • renxkyoko
        Jun 08, 2021 @ 15:57:37

        I’ve heard of that ! In the Philippines , plastics are compressed and made into “bricks” that can be used into whatever bricks are used for , like for fences, etc. The Philippins maybe not be as advanced in recycling technology, but I’m glad even farmers, and least educated people are now extremely aware of climate change.

        Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

govevi.com

Health fitness

Orbits Travellers

Travel blog for everyone

ASSHOLES WATCHING MOVIES

Our opinions don't stink!

Antarman

by Seema Kaushik

Meanderings

a graveyard of wandering thoughts

The Essence of you

Inspire Innovate Improve.

Heartfelt

Ranting, rambling bandwagon of an over emotional and over thinking mind..Hop on, if you feel like, and ride along!!

耳寄り情報 in シドニー。

シドニー歴20年以上、そしてシドニー飲食業界にずっと携わっている私が見た、感じた、イベント、グルメ等、その時のシドニーをご紹介していきます。

RazDva.net

VI VERI VENIVERSUM VIVUS VICI

Gods Glory

All things new will take you not only into the presence of God but into the depths of your faith daily

Endless dreams and boundless imaginations!

We only live once. Hence, let's not stop dreaming

Chatting With San

Personal blog where I express everything that goes on inside this ole head of mine. Some of it hurts and some of it is funny but ALL of it is REAL.

Learning with Life

Poems, quotes, learning, feelings, introspect, experience as well as discovering..

Finding Love In Anotherland

Life Is What We Love

booksbackinyourlife

How to use books as a tool to enrich your life

Fire of Moods

In this maze of words, shall our breath run out, where muses are gods, and poetry; a miracle.

Freer than Bird/鳥よりも自由

旅行記、ゴルフ、ドローン映像など自由気ままな内容/Travel, Golf, Drone etc.

Benie Writes

"With words, I give my thoughts life."

Profusión Real Estate

Te mostramos tu hogar

BE THE CHANGE

Refresh and start a new chapter

Tanooki Homemade Cafe

Yummy Homemade Food Recipes to Make You Smile:)

hapypie

To sale a hand made product

Lauren M. Hancock Poetry and Prose

Where I can feel at home...

Chica de Campo

Your country girl living the country life!

bubunTalk

..not all those who wander are lost.

the shared journal

by carla ♡

City Of Brides (Dating Single Ukrainian Girls)

Meet your beautiful Ukrainian bride in the "City of Brides"

Carving Moments by Orange

Every day is a Travel

Xtream Forex

Forex trading platform, forex broker, ECN broker

Manaswi

Never change your originality

adN's Health Blog

Health Care, Man's Health, Women's Health, Wellness/Fitness, Health/Beauty, Anti-aging Trigger, Weight Loss, Food/Diet, Parental Care, Relationship.

Spiritual healing for Love back and solve all problem

Get All Love problem Solution in just 2 days by spiritual healing specialist astrologer. Call and Whatsapp Now +1 (213) 631-7786

Ann_Within

A deep dive into various lives.

Más y todo libros

Blog de literatura para conocer, leer y comentar libros

Pensieri Parole e Poesie

Sono una donna libera. Nel mio blog farete un viaggio lungo e profondo nei pensieri della mente del cuore e dell anima.

%d bloggers like this: