Wednesday, November 17, 2021

'60 Minutes,' 'CBS Sunday Morning,' and CNBC explain what's happening with the supply chain

On Sunday, "60 Minutes" asked What's caused America's supply chain crunch?

60 Minutes follows the U.S.' struggling supply chain, from choked ports on the West Coast, to packed rail yards in Chicago. Along the way, we found finger-pointing, huge profits, and massive losses.
What a mess! It's also an unpleasant example of everything is connected to everything else.

Another CBS News show, "CBS Sunday Morning," looked at the issue last month and asked What's behind supply chain breakdowns?

In recent months, supply chain problems have been blamed for shortages affecting just about every sector of industry and commerce. But what exactly is broken, and why? Correspondent David Pogue asked the experts to supply answers.
"CBS Sunday Morning" blamed it on a labor shortage in trucking, which "60 Minutes" refuted, finding plenty of blame to go around. CNBC saw this coming in July, when it uploaded What’s Causing The Container Ship Traffic Jam Clogging Up Global Trade.

Around the world, some major ports are experiencing a huge influx of containers, resulting in long supply delays. Trade wars, high demand, and a pandemic have created a perfect storm for the container ship industry which is trying to stay organized in the face of a wave of market unpredictability.
It's not like we weren't warned. It's just that consumers started to pay attention. I guess it's because the supply chain issues threaten Christmas shopping. Like messing with their entertainment, that motivates Americans to act.

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