“When the well’s dry, we know the worth of water” – Benjamin Franklin
Out of stock, in low supply, sold out, shortages…get used to seeing the terms all over this year and next as the just-in-time manufacturing and distribution system continues to sputter. Several factors in Twenty-Twenty and Twenty-Twenty-One have caused shortages ranging from the absurd and humorous to the critical and deadly. Of course, not having chicken nuggets or ketchup packets is just a slight inconvenience; however, it will hit you a little closer to home when manufacturers can’t get the raw materials they need. Then, prices will continue to go up, and you will pay more for the products you need. When life-saving medicines are in short supply, they may not be available to you and yours when you are sick or injured. What is going on with these shortages, and will it continue? How much worse could it get?
In this blog, I will examine why shortages are occurring, many of the shortages we are currently experiencing, possible future shortages, and what you should prep and brace for to insulate yourself from the effects of short supplies.
WHAT’S HAPPENING
Years ago, when you wanted a product or good, you had to place an order and wait. If it was a popular product on a store shelf, in a back warehouse, or off-site at a holding warehouse, you could receive the product in a short amount of time. If it wasn’t in stock somewhere, an order was placed with a manufacturer, and you would wait, and wait, and wait, until it was finally manufactured because enough other orders were placed to warrant that manufacturer to gather the necessary raw materials and fire up his machines. It was such a different world just a decade or two ago.
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