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Workers who keep global supply chains moving warn of 'system collapse'

cnn.com

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Re: Workers who keep global supply chains moving warn of 'system collapse'

#11

Post by dazc »

Zenst wrote: post #10
tibbydudeza wrote: post #8

Look at the UK - not enough truck drivers to transport fuel.

Last year it was a media hyped run upon toilet rolls. People panic and react accordingly and do wonder how much of this was created by the media. However if in the next year or so I read about a house burning down that was filled with toilet rolls and jerry cans - I don't think I will be the slightest bit supprised. As always - I hope I'm wrong as that's how we learn the best.

Seeing images in the media of people filling open buckets with petrol, I wouldn't be surprised if something awful doesn't happen at some point.

Re: Workers who keep global supply chains moving warn of 'system collapse'

#12

Post by InitialLastName »

andy_ppp wrote: post #7

That isn't what this [1] article on hacker news a few hours ago says, in fact a lot of people in that thread expect the opposite issue by the end of next year - over capacity and job losses. I know this is a stretch but I'm inclined to trust JP Morgan's understanding of the economy more than I do CNN's. [1] https://news.ycombinator.com/item?id=28687992

I agree that JP Morgan likely has a better understanding of the economy. However, they have a proportionally higher interest in manipulating the economy to their ends.

Recessions are half psychological, and JP Morgan would get hurt far worse by most recessions that might happen than AT&T by a recession.

Re: Workers who keep global supply chains moving warn of 'system collapse'

#13

Post by jonatron »

dazc wrote: post #11
Zenst wrote: post #10

Earlier quoted context omitted.

Last year it was a media hyped run upon toilet rolls. People panic and react accordingly and do wonder how much of this was created by the media. However if in the next year or so I read about a house burning down that was filled with toilet rolls and jerry cans - I don't think I will be the slightest bit supprised. As always - I hope I'm wrong as that's how we learn the best.

Seeing images in the media of people filling open buckets with petrol, I wouldn't be surprised if something awful doesn't happen at some point.

Happened during the 2012 petrol crisis: https://www.bbc.co.uk/news/uk-england-york-north-yorkshire-1...

Re: Workers who keep global supply chains moving warn of 'system collapse'

#14

Post by dazc »

jonatron wrote: post #13
dazc wrote: post #11

Earlier quoted context omitted.

Seeing images in the media of people filling open buckets with petrol, I wouldn't be surprised if something awful doesn't happen at some point.

Happened during the 2012 petrol crisis: https://www.bbc.co.uk/news/uk-england-york-north-yorkshire-1...

'The cooker, on at the time, ignited the fuel.'

I don't know whether to laugh or cry?

Re: Workers who keep global supply chains moving warn of 'system collapse'

#15

Post by tibbydudeza »

dazc wrote: post #11
Zenst wrote: post #10

Earlier quoted context omitted.

Last year it was a media hyped run upon toilet rolls. People panic and react accordingly and do wonder how much of this was created by the media. However if in the next year or so I read about a house burning down that was filled with toilet rolls and jerry cans - I don't think I will be the slightest bit supprised. As always - I hope I'm wrong as that's how we learn the best.

Seeing images in the media of people filling open buckets with petrol, I wouldn't be surprised if something awful doesn't happen at some point.

Yep petrol fumes are not an issue.

Re: Workers who keep global supply chains moving warn of 'system collapse'

#17

Post by tibbydudeza »

Zenst wrote: post #10
tibbydudeza wrote: post #8

Look at the UK - not enough truck drivers to transport fuel.

Last year it was a media hyped run upon toilet rolls. People panic and react accordingly and do wonder how much of this was created by the media. However if in the next year or so I read about a house burning down that was filled with toilet rolls and jerry cans - I don't think I will be the slightest bit supprised. As always - I hope I'm wrong as that's how we learn the best.

Funny how universal in nearly all countries the toilet roll hoarding came about ???.

Wife wanted to jump on the bandwagon as well but then I explained to her that the sewage moves to the treatment plants via pumps and if civilization collapsed due to pandemic then using a toilet would be least of our problems.

Re: Workers who keep global supply chains moving warn of 'system collapse'

#18

Post by gruez »

dayofthedaleks wrote: post #3

Sounds like a good opportunity to declare a general strike to negotiate a living wage, affordable healthcare, diginified retirement and a voice in the boardroom.

A general strike only works if you have enough people on board. What makes you think there is? It's easy to think a socialist revolution is right around the corner in certain circles of the internet, but I think actual support is far lower. see: amazon unionization vote.

Re: Workers who keep global supply chains moving warn of 'system collapse'

#19

Post by jeffreyrogers »

Zenst wrote: post #6

The whole shift in manufacturing has seen a shift from holding supplies to in-flight just in time managment. Which for tiing up capital can prove advantages. Though you are more exposed to any up's and downs in that supply chain or price volitility. However as things have general run fine, those fears and worry's soon diminished and more and more shifted from warehousing supplies to using suppliers and logistics chai…

It will be interesting to see how things end up. Until recently the economy has been based on productivity increasing and things getting cheaper. Productivity can't increase forever and there are signs that in a lot of sectors productivity increases are stalled, part of the attraction of offshoring manufacturing. But eventually that strategy fails as well since you can only offshore for so long before those countries develop to a point at which their exports are no longer competitive.

But maybe there is still a lot of room left for productivity increases with advances in robotics, etc. We're not seeing that now, since it seems like most of the growth comes from services and digital stuff, but maybe it's still a little too early.

Re: Workers who keep global supply chains moving warn of 'system collapse'

#20

Post by rightbyte »

tibbydudeza wrote: post #17
Zenst wrote: post #10

Earlier quoted context omitted.

Last year it was a media hyped run upon toilet rolls. People panic and react accordingly and do wonder how much of this was created by the media. However if in the next year or so I read about a house burning down that was filled with toilet rolls and jerry cans - I don't think I will be the slightest bit supprised. As always - I hope I'm wrong as that's how we learn the best.

Funny how universal in nearly all countries the toilet roll hoarding came about ???. Wife wanted to jump on the bandwagon as well but then I explained to her that the sewage moves to the treatment plants via pumps and if civilization collapsed due to pandemic then using a toilet would be least of our problems.

Ye. Hoarding toilet paper instead of eg. potatoes and kitchen fuel is stupid. If things get that bad toilet paper is quite far down the prio list.

However, it is rational to buy it if other people are hoarding it, so, self enforcing scarcity ...

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