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The Port of Shenzhen, China The negative side of globalization has been made blatantly obvious to anyone who has visited a supermarket in the last year and a half. While beneficial in the short-term in sparingly few aspects, the entire global supply chain operates with almost no room for error, meaning that any hiccup at any stage of the production and distribution process anywhere in the world sends ripple effects right across the planet. And from the looks of it, it would appear that these disruptions and subsequent consumer woes are here to stay far beyond any health effects of the pandemic.
According to The Epoch Times , large players in the global logistics industry see supply chain bottlenecks continuing to plague the global economy for at least another two years. Sultan Ahmed Bin Sulayem, CEO of DP World that operates the port in Dubai among others, explained to Bloomberg News that he sees shipping bottlenecks to persist through 2023, which would in turn further calcify the trend of increasing shipping costs around the world. This will, in turn, affect any economy that is significantly plugged into the global system, which so happens to be everyone except North Korea.
“The global supply chain was in crisis in the beginning of the pandemic,” Sulayem told the news outlet, adding that “freight rates will continue to increase.” And “maybe in 2023, we’ll see an easing,” he continued. One of the key sources of the persistent bottlenecks appears to be China’s still-draconian covid policies, which sees entire ports and cities being put on lockdown at a moment’s notice. Given China’s near-monopoly on the production of certain product inputs, this routinely sets back operations in other parts of the world for months if not years.
“Even now, every time they see an incident of COVID in China, they shut down a port,” he said. “Many manufacturers around the world are delayed by as much as three years because they can’t get components from China. They’re taking a very, very aggressive approach.”
In the long run, businesses and national governments around the world are looking into ways of […]
One Sick Day Proves We Need More Voices in Truthful Media
On October 19, I was sick. It crossed my mind that I had finally gotten the ‘rona, but my wife’s cream of chicken soup and a few extra hours of sleep into mid-afternoon had be back up and running after a sleepless night before.
When I finally stumbled over to my computer in the evening, I was met with a deluge of concern from readers. They asked what had happened as only one article had been posted that day. Generally, we post between 10-20 daily between all of the sites, not included curated and aggregated content. Seeing that we’d only posted my super-early morning article before taking the rest of the day off had readers assuming the worst.
We have a wonderful and talented group of writers who volunteer their time for the sites and their readers. Sharing their amazing perspectives has always been a blessing to us because we cannot afford to hire anyone at this time. But having great writers is meaningless if we don’t have great editors, or at least one additional. My wife helps me read and edit stories from time to time, but I’m a one-man show when it comes to getting the stories posted.
Whenever I highlight our desperate need for donations, I note that we do not receive money from Google ads even though most in conservative media are beholden. I often ambiguously note that the money donated will help us grow. Today, I’m highlighting a specific need. We must get an editor to help take some of the load and to expand on our mission of spreading the truth to the world. One sick day proved that.
The great news is that there is no shortage of people who CAN help. I am emailed variations of resumes every week by people who are much smarter than I am. As much as I’d love to hire some of them, we simply cannot. That takes money and as blessed as we’ve been to receive donations and collect ad money (though not from Google or Facebook), we have still fallen short.
Those who have the means, PLEASE consider donating. We have the standard Giving Fuel option and people can donate through PayPal. We are also diving into what we believe is extremely disruptive technology at LetsGo.finance, the world’s first major donation portal for crypto. I’ll be talking a lot more about them in the near future. Those who prefer Bitcoin can send to my address here: 3A1ELVhGgrwrypwTJhPwnaTVGmuqyQrMB8
We can get the voices out there and we’re willing to shine a spotlight on new talent. We just need the resources to make it happen. If you can help, we would be extremely grateful.
Thank you and God bless!
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JD Rucker – EIC