Port Operator: “Supply Chain ‘Crisis’ Will Last Longer Than Expected”

Do you have anything you need to survive?

We have been reading about this on the internet. It’s all over the non-mainstream media. Will we still continue living hidden in our homes? Stocked with supplies and away from our friends and the rest of the world?

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Get ready for the empty streets and all the dying people around you… Empty shelves in the supermarkets…

Here’s what Bloomberg reported:

“Dubai’s DP World Chairman and Chief Executive Sultan Ahmed Bin Sulayem said he expects bottlenecks to continue until 2023, and warned that the issues will result in higher costs for shipping goods.

“The global supply chain was in crisis at the beginning of the pandemic,” Sulayem told the media outlet. “Freight rates will continue to increase.

“Maybe in 2023, we’ll see an easing.”

Analysis and port operators now say that supply chains will continue struggling to keep pace with demand. They won’t be able to deal with labor disruptions due to the global pandemic.

Sulayem’s DP is one of the biggest operators of marine ports and cargo terminals in the globe. They have hubs in Africa, India, Russia, Europe, and the US.

“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.”

Sulayem added that there’s “huge potential in India and that reflects in DP World’s investments. Africa continues to grow, and there’s also Southeast Asia, mainly Indonesia.”

The world’s largest shipping firm, A.P. Moller-Maersk has a big warning. According to them, bottlenecks may last longer than anticipated.

“There have been many challenging periods over the years, but the situation over the last 12 months is unique, in as much as it has had a global impact. All continents are seeing high volumes and operational challenges, restricting both ocean and land-side capacity at the same time,” Maersk said in a mid-September update.

They say that COVID-19 outbreaks and shutdowns will lead to slowdown in the process.

“Regardless if it is a port, vessel, or warehouse, when one becomes impacted, it quickly results in a downward spiral as delays accumulate,” Maersk’s update reads. “We see pockets of improvements, only to get setbacks when our operations encounter new COVID-19 outbreaks and lockdowns.”

Industry groups representing truck drivers, shipping workers, and airline workers warned the UN General Assembly, saying that governments have to work and establish freedom of movement.

They warned of a “global transport system collapse” if nothing is done and suggested that “global supply chains are beginning to buckle as two years’ worth of strain on transport workers take their toll,” according to an open letter.

“All transport sectors are also seeing a shortage of workers, and expect more to leave as a result of the poor treatment millions have faced during the pandemic, putting the supply chain under greater threat,” the letter reads. “We also ask that WHO and the ILO [International Labour Organization] raise this at the U.N. General Assembly and call on heads of government to take meaningful and swift action to resolve this crisis now.”

Things can go terribly wrong overnight…

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Source: The True Defender

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