After almost three years of enduring wild swings and extremes, the system is slowly getting up to speed and into better sync: Ocean freight timelines are on a steady decline, ports are less congested, labor strikes have been narrowly averted, product and worker shortages have eased, prices have fallen, warehouses are full , friendshoring, nearshoring and reshoring efforts have accelerated and China has lifted its “zero Covid” policy.
“Everyone way over-ordered, and around February and March of [last] year, everything got here — pretty much right in time for the invasion of Ukraine,” Rogers said. Gas prices and inflation soared, putting a huge dent in consumer spending. “The challenge for the last 10 months in supply chains has been to try to thread the needle between bringing inventories down to a reasonable level, while also not overreacting, yet again, and [landing] back into a shortage situation,” he said.
Like any of us believe a cnn report!
So much for globalisation that promised to make the world a better place 🤔 Its funny how the minions suffer and get poorer when globalisation collapses and funnier still that Bankers/Hedge Fund Managers still take home billion dollar bonuses.
We need to focus on all strategic aspects of supply chain - looking 3 months forward isn’t cutting it anymore.
STOP RELYING ON CHINA !!!!
That's bullshit they've been gouging workers since this fake supply chain hoax started!
Hey When do you plan on migrating to Web3 for news posts? Hasn't the intern convinced you yet? 🐘💨
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