JNews Staff, Sunday Oct. 10 2021
Economic analysts are not telling the whole story: The Global Economy Part I
It is true that the Pandemic initially caused a ‘Supply Chain’ backlog that almost immediately inserted a three to six month shipping backlog. A variety of circumstances brought this about: First, the fears of employees, particularly in the manufacturing countries like China, India, South East Asia flew from their jobs in fear of the an ever increasing ‘death grip’ brought about by the Corona Virus.
Most Countries panicked and instituted sever lockdowns that brought manufacturing and shipping activity to a screeching halt.
Economic Analysts are quick to place the blame on continued issues issues of ‘back logs’ in the Supply Chain’ beginning with the very mining of raw materials to the off-loading and distribution problems that we see in the major ports all around all around the US: Particularly egregious are the almost stand-still situations at the ports in Southern California and Chicago where giant freighters have been anchored for weeks waiting to get off-loaded—the remedy of which is currently unknown.