Patrick Chewing
10-01-2021, 10:41 AM
Supply chain issues are happening everywhere and affecting stores and companies across the globe. I can't get anything to my store in time.
https://www.cnn.com/2021/09/29/business/supply-chain-workers/index.html
In an open letter Wednesday to heads of state attending the United Nations General Assembly, the International Chamber of Shipping (ICS) and other industry groups warned of a "global transport system collapse" if governments do not restore freedom of movement to transport workers and give them priority to receive vaccines recognized by the World Health Organization.
https://www.nytimes.com/2021/10/01/business/inflation-supply-chain.html
The Federal Reserve’s preferred inflation gauge accelerated in August, keeping the pressure on economic policymakers who are watching warily as supply chain issues and commodity costs threaten to keep price gains elevated for longer than they had expected.
The Personal Consumption Expenditures index continued to climb at its fastest pace since 1991, rising by 4.3 percent in the year through August. That beat out the prior month’s reading of 4.2 percent.
The monthly index also remained elevated, climbing by 0.4 percent for a second straight month.
Inflation has surged thanks to pandemic-related problems, including shipping trouble as strong demand for goods from Asia and elsewhere has taxed freight routes and pushed transit costs higher. Shortages in key parts have pushed up prices for everything from cars to washing machines. Officials at the Fed and in the White House have been clear that they expect those pressures to fade as the economy more fully reopens and business returns to normal.
https://www.cnn.com/2021/09/29/business/supply-chain-workers/index.html
In an open letter Wednesday to heads of state attending the United Nations General Assembly, the International Chamber of Shipping (ICS) and other industry groups warned of a "global transport system collapse" if governments do not restore freedom of movement to transport workers and give them priority to receive vaccines recognized by the World Health Organization.
https://www.nytimes.com/2021/10/01/business/inflation-supply-chain.html
The Federal Reserve’s preferred inflation gauge accelerated in August, keeping the pressure on economic policymakers who are watching warily as supply chain issues and commodity costs threaten to keep price gains elevated for longer than they had expected.
The Personal Consumption Expenditures index continued to climb at its fastest pace since 1991, rising by 4.3 percent in the year through August. That beat out the prior month’s reading of 4.2 percent.
The monthly index also remained elevated, climbing by 0.4 percent for a second straight month.
Inflation has surged thanks to pandemic-related problems, including shipping trouble as strong demand for goods from Asia and elsewhere has taxed freight routes and pushed transit costs higher. Shortages in key parts have pushed up prices for everything from cars to washing machines. Officials at the Fed and in the White House have been clear that they expect those pressures to fade as the economy more fully reopens and business returns to normal.