The Great Supply Chain Collapse – Jim Rickards

Global supply chains are facing a very chaotic crisis that only seems to get worse. While some bottlenecks ease others are just starting. With each passing day, new shortages emerge around the world due to delivery delays, shipping disruptions, and a record congestion of cargo ships at ports. The network of world trade is also being plagued by container backlogs, labor shortages, geopolitical tensions, energy shortages,​ travel restrictions, and lockdowns. The combination of these factors is creating a ripple effect all over the planet, but especially in the United States. For that reason, analysts at Capital Economics are predicting the supply chain crisis to last for at least another two years. But have you ever wondered why supply chains have become so tangled up? Or what’s the root of the supply chain collapse? In an article brilliantly written by the economist and financial commentator, James Rickards, which was recently published in his blog, the Daily Reckoning, the analyst explains that there’s no si