The Global Supply Chain Is Still A Mess. When Will It Get Better?
Consider This from NPR
NPR
4.2 • 6.2K Ratings
🗓️ 28 September 2021
⏱️ 14 minutes
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Summary
NPR's Scott Horsley reports on the interconnected nature of those chains — and what happens when a single part delays manufacturing by months at a time.
University of Michigan economist Betsey Stevenson explains why labor-related delays and shortages are not going away any time soon.
In participating regions, you'll also hear a local news segment that will help you make sense of what's going on in your community.
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Transcript
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| 0:00.0 | In Pennsylvania, they are rationing booze. |
| 0:04.0 | If you go to a state store, you may only be allowed to buy two bottles of your favorite alcohol. |
| 0:09.5 | The state liquor board says with supplies running so short, they had to create purchase limits for individuals and businesses on certain brands. |
| 0:18.0 | 43 products on the list. It includes bourbons, champagne, Hennessy and Patron. |
| 0:24.0 | Purchase limits are also newly in place at Costco. |
| 0:27.5 | No more stocking up on toilet paper, cleaning supplies and other items at Costco. |
| 0:32.0 | And unlike the start of the pandemic, it's not because people are panicking. |
| 0:36.0 | It's because of supply chain issues overseas. |
| 0:39.0 | Many more companies are dealing with the same thing. |
| 0:42.5 | Supply chain delays. |
| 0:44.0 | And product shortages. |
| 0:45.5 | All types of goods. |
| 0:47.0 | Nike is warning of delays through next year. |
| 0:49.5 | Home Depot and IKEA are literally chartering their own shipping vessels to move product faster. |
| 0:56.5 | And even though it's still September, it is the season for holiday panic. |
| 1:01.5 | Global supply chain delays are threatening to disrupt shipments and retail experts on network TV are already saying stuff like this about the holiday shopping season. |
| 1:11.5 | There isn't a lot of inventory. |
| 1:14.0 | So if you, the longer you wait, the more of a premium you're going to pay on not just shipping, but also the price of those items. |
| 1:22.0 | Wait, what? Consider this. The global supply chain has been a mess for nearly a year and a half. |
| 1:29.0 | And things are not getting better anytime soon. |
| 1:32.0 | From NPR, I'm Elsa Chang. It's Tuesday, September 28. |
| 1:38.0 | Support for NPR and the following message come from First Republic Bank. |
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