Inflation, Supply Chain Issues & The Coming Food Shortage

Coach Corey Wayne

Relationships, Society & Culture

4.6 • 532 Ratings

🗓️ 11 April 2022

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jennifer, Dr. Mike Haley, Chunky and Corey discuss inflation, supply chain issues and the coming food shortage.

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Transcript

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0:00.0	how like in Ukraine, I think it's 25% of the world's wheat is produced there in Ukraine.
0:08.5	And I could have, maybe I'm wrong, but you guys can fact check me in the comments.
0:12.8	I think it was like 75% of the fertilizer that's used in farming globally comes from that Russia,
0:18.6	Ukraine area where the war is happening.
0:21.6	And so if that stuff is not being taken out of the ground and produced and shipped off globally,
0:27.6	you're not going to see the effects of that six, 12 months or more down the road.
0:33.6	So what does that do with the global food supply?
0:35.6	Well, if you look at the Arab Spring, when all that started, it was the, you saw a small appreciation that like the price of wheat back then. And so when 25% of the production, you know, goes offline, I don't know know all of it or most of it or a lot of it goes
0:55.1	offline, but you're not going to see everything we got mostly is stored at this point. It's already in the
1:01.4	process of production. So your new supply stops. It stops feeding the pipeline. So what happens to Africa? What happens to the West when one of the bread
1:15.7	baskets of the world, 25% of its capacity gets stopped? So what's the effect of that? And then the
1:24.6	fact that fuel is going through the roof everything's becoming more
1:28.6	expensive all the new money has been created what happens we won't know for two three four years
1:35.3	what the it's like the wave has been created and the wave fool but it hasn't reached the beach yet
1:41.4	and so the tsunami hasn't reached yet we're just sitting back and thinking everything's fine.
1:46.4	Because that's what happened.
1:47.6	It was three, four years, 2007, 2008.
1:49.9	Man, when that hit, it was like, yeah, as a business.
1:53.4	It was bad.
1:53.7	It was fast.
1:55.5	It's slowly going bad and then just really,
1:57.7	we have been so challenged in the past couple of years having products
	...

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