{"id":57507,"date":"2021-04-18T16:21:26","date_gmt":"2021-04-18T21:21:26","guid":{"rendered":"https:\/\/olduvai.ca\/?p=57507"},"modified":"2021-04-18T16:21:26","modified_gmt":"2021-04-18T21:21:26","slug":"supply-chain-slowdown-hits-at-key-pillars-of-economy-and-will-likely-get-worse-dan-yergin","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=57507","title":{"rendered":"Supply chain slowdown hits at key pillars of economy and will likely get worse: Dan Yergin"},"content":{"rendered":"<div class=\"PageBuilder-containerWidth100 PageBuilder-pageRow\">\n<div class=\"PageBuilder-col-full PageBuilder-col PageBuilder-article\">\n<div id=\"RegularArticle-ArticleHeader-2\" data-test=\"articleHeader-0\" data-analytics=\"RegularArticle-articleHeader-2-0\">\n<header id=\"main-article-header\" class=\"ArticleHeader-articleHeader\">\n<div class=\"ArticleHeader-headerContentContainer\">\n<div class=\"ArticleHeader-wrapperHeroNoImage ArticleHeader-wrapperHero ArticleHeader-wrapper ArticleHeader-wrapperNoImage\">\n<div>\n<h3 class=\"ArticleHeader-headline\"><a href=\"https:\/\/www.cnbc.com\/2021\/04\/15\/supply-chain-slowdown-hits-at-key-pillars-of-economy-and-will-likely-get-worse-dan-yergin.html?fbclid=IwAR21ccF3UdftmAsZu1uXaHGZmBtSbHQVZYrgg2a6g_gAyFT3qBxmDZWU9kA\">Supply chain slowdown hits at key pillars of economy and will likely get worse: Dan Yergin<\/a><button class=\"SocialShare-socialShareButton\" data-test-pro=\"false\"><\/button><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/header>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"PageBuilder-containerFluidWidths PageBuilder-pageRow\">\n<div class=\"PageBuilder-col-9 PageBuilder-col PageBuilder-article\">\n<div id=\"RegularArticle-KeyPoints-4\" class=\"RenderKeyPoints-keyPoints\" data-test=\"keyPoints-1\" data-analytics=\"RegularArticle-keyPoints-4-1\">\n<div class=\"RenderKeyPoints-wrapper\">\n<div class=\"RenderKeyPoints-header\">KEY POINTS<\/div>\n<div class=\"RenderKeyPoints-list\">\n<div>\n<div class=\"group\">\n<ul>\n<li>The pressures on supply chains are increasing and global disruptions are likely to only get worse as summer approaches and the economy booms.<\/li>\n<li>Disruptions have converged at the same time in three important pillars of the global economy \u2013 shipping, computer chips, and plastics.<\/li>\n<li>Port backups are described as the worst ever and delivery times are the longest in 20 years of data collection.<\/li>\n<li>The system will ultimately adjust, but that will take time and requires new investment in ports and capacity.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"RegularArticle-ArticleBody-5\" class=\"ArticleBody-articleBody\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\">\n<div id=\"ArticleBody-InlineImage-106865304\" class=\"InlineImage-imageEmbed hasBkg\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div class=\"InlineImage-imagePlaceholder\">\n<div>\n<div class=\"InlineImage-imageContainer\" tabindex=\"-1\" role=\"button\"><picture data-test=\"Picture\"><source srcset=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/106865304-1617880833245-106865304-16178807422021-04-08t053522z_1397573279_rc2hrm9iycu0_rtrmadp_0_health-coronavirus-usa.jpg?v=1617880847&amp;w=740&amp;h=416\" media=\"(min-width: 1340px)\" \/><source srcset=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/106865304-1617880833245-106865304-16178807422021-04-08t053522z_1397573279_rc2hrm9iycu0_rtrmadp_0_health-coronavirus-usa.jpg?v=1617880847&amp;w=630&amp;h=354\" media=\"(min-width: 1020px)\" \/><source srcset=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/106865304-1617880833245-106865304-16178807422021-04-08t053522z_1397573279_rc2hrm9iycu0_rtrmadp_0_health-coronavirus-usa.jpg?v=1617880847&amp;w=900&amp;h=506\" media=\"(min-width: 760px)\" \/><img decoding=\"async\" class=\"\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/106865304-1617880833245-106865304-16178807422021-04-08t053522z_1397573279_rc2hrm9iycu0_rtrmadp_0_health-coronavirus-usa.jpg?v=1617880847&amp;w=678&amp;h=381\" alt=\"Shipping containers are unloaded from ships at a container terminal at the Port of Long Beach-Port of Los Angeles complex, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, U.S., April 7, 2021.\" \/><\/picture><\/div>\n<\/div>\n<\/div>\n<div>\n<div class=\"InlineImage-imageEmbedCaption\">Shipping containers are unloaded from ships at a container terminal at the Port of Long Beach-Port of Los Angeles complex, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, April 7, 2021.\u00a0 \u00a0 \u00a0Lucy Nicholson | Reuters<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>If you\u2019re wondering why your new couch is going to take three or four months to arrive, not just a few weeks, the reason is simple: \u00a0You are at the very end of a global supply chain that has buckled.<\/p>\n<p>For similar reasons,\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/GM\" target=\"_blank\" rel=\"noopener\">GM<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/F\" target=\"_blank\" rel=\"noopener\">Ford<\/a> and other automakers around the world are slowing down manufacturing, temporarily shutting auto plants, and furloughing workers.<\/p>\n<p>A recovering world economy that depends upon the synchronized, smooth running of global supply chains is now being slammed by what has turned out to be synchronized disruptions.<\/p>\n<p>Although the massive\u00a0<a href=\"https:\/\/www.cnbc.com\/2021\/03\/29\/suez-canal-traffic-resumes-after-cargo-ship-ever-given-is-removed.html\"><em>Ever Given\u00a0<\/em>container ship has been unstuck<\/a>\u00a0from the Suez Canal, its continuing impact is only adding to the woes.<\/p>\n<p>As government stimulus seeks to fuel a hyper recovery and the world economy accelerates over the rest of this year, the pressures on supply chains are increasing and disruptions are likely to grow as we head into summer.<\/p>\n<p class=\"ArticleBody-smallSubtitle\"><strong>Stretching supply chains \u00a0\u00a0<\/strong><\/p>\n<div class=\"MidResponsive-midResponsiveContainer\">\n<div id=\"MidResponsive-1\" class=\"\" data-module=\"mps-slot\">&#8230;click on the above link to read the rest of the article&#8230;<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Supply chain slowdown hits at key pillars of economy and will likely get worse: Dan Yergin KEY POINTS The pressures on supply chains are increasing and global disruptions are likely to only get worse as summer approaches and the economy booms. Disruptions have converged at the same time in three important pillars of the global [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[964,1646,3237],"class_list":["post-57507","post","type-post","status-publish","format-standard","hentry","category-economics","tag-cnbc","tag-daniel-yergin","tag-supply-chains"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57507"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57507\/revisions"}],"predecessor-version":[{"id":57508,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57507\/revisions\/57508"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}