Supply Chains: Prisoners of China's Collapse
IMG source - ExpressInformer.com
It may be dawning on many today that with 400 million people now under quarantine in China, our dependence on their manufacturing has severed our supply lines for various tools, electronics, and chemicals/pharmaceuticals.
An additional consideration that may yet to be grasped is that China's scientists, scholars, and researchers are highly concentrated in it's first tier cities, primary targets of the quarantines today. Perhaps 10% of our scientists globally have been lost to our current ability to grapple with this plague, and may be permanently.
Yesterday I needed some special nails for a job, and was unable to procure them. It's not just paper masks that are in short supply, but industrial goods of every kind, and that disruption is going to persist for the foreseeable future. Worse, the innovators and developers of new technologies that allow us to transcend legacy industrial systems and respond to this kind of disruption have been no less disrupted.
Stock up.
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A lot of products are still made here in the US, if push comes to shove they'll start adding shifts, operating twenty four hours a day seven days a week if necessary. We haven't gotten there yet but Americans always rise to the task at hand. If the Chinese can build a hospital in ten days Americans can do the same when it comes to manufacturing. This is the sort of thing that Trump has been bringing awareness about when talking about foreign dependency for steel and other minerals that may be needed in a crisis and he just gets laughed at. Maybe this will serve as a much needed wake up call.
I know we can do it, and you're absolutely right that Trump has discussed it with emphasis, to resounding disinterest in financial circles. I am pretty sure that Chinese suppliers aren't going to meet global needs while this crisis lasts, and that folks are going to step up to fill the breach.
Trump isn't God Emperor, and can't do it alone. Political intransigence can prevent American success, and we see that his political opponents are apparently irrational and extreme. Let's hope America can pull together to weather this storm without being prevented from doing so by political forces. The rest of the world will have to fill their gaps as well. The sooner we get started the better.
I have seen no calls to action yet.
Thanks!
I can't argue with that, I am afraid though that ultimately it will take near a disaster before a much needed wake up call materializes. We shouldn't have so many eggs in China's basket.
Was just talking about this in my supporter video, just published on steem, but could not find any info at the time. Thanks for this!
Welcome to the "new normal".
Higher prices and more artificial scarcity, everyone will pay more and get less.
This is what a manufactured crisis looks like.