Global Supply Chain is Broken
Quote from Ndubuisi Ekekwe on August 27, 2021, 4:36 AMThe world of commerce is nothing but supply chain - and today, that supply chain is broken: "As the surging delta variant keeps shipping at bay, supply-chain problems look set to last into next year and further fuel inflation. The cost of moving a container from Asia to Los Angeles is six times higher than a year ago, while sending one to Europe costs 10 times more. Meanwhile, U.S. manufacturers face a backlog that has been growing all year, with core capital goods orders climbing to a record-high $231 billion. TSMC, the world’s biggest contract chip maker — and a major supplier to Apple — is jacking the cost of its product as much as 20%, in response to higher material costs."
The world of commerce is nothing but supply chain - and today, that supply chain is broken: "As the surging delta variant keeps shipping at bay, supply-chain problems look set to last into next year and further fuel inflation. The cost of moving a container from Asia to Los Angeles is six times higher than a year ago, while sending one to Europe costs 10 times more. Meanwhile, U.S. manufacturers face a backlog that has been growing all year, with core capital goods orders climbing to a record-high $231 billion. TSMC, the world’s biggest contract chip maker — and a major supplier to Apple — is jacking the cost of its product as much as 20%, in response to higher material costs."
Quote from Emmanuel Awopetu on August 27, 2021, 6:39 AMA warning signal that we need to be fast about AfCFTA.
A warning signal that we need to be fast about AfCFTA.