The Everything Shortage & Price Hikes Plastered All Over Fed’s “Beige Book”

0
155

“We need lower consumer demand to give supply chains time to catch up… recover efficiency… and break this vicious circle”: CEO of Maersk’s APM Terminals, one of the largest container port operators.

Wolf Street: Today’s release of the Fed’s “Beige Book“ – an informal narrative of the economy as told by small and large companies in the 12 Federal Reserve districts – listed “shortage” 77 times, up from 19 times in January.

‘They will throw their silver into the streets,
And their gold will be like refuse;
Their silver and their gold will not be able to deliver them
In the day of the wrath of the Lord …” Ez. 7:19

Shortages of nearly everything, with labor-related shortages being the most prominent. These shortages “restrained” growth, and companies were “unable to meet demand” because of these shortages. Here are some standouts:

  • Extensive,” “widespread,” “intense,” “acute,” “persistent,” “broad,” and “ongoing” “labor shortages.”
  • “Worker shortages”
  • “Workforce shortages”
  • “Shortages of drivers”
  • “Truck driver shortage”
  • “Chassis” shortage
  • “Ongoing microchip shortage”
  • “Pervasive resource shortages”
  • “Material shortages”
  • “Inventory shortages” from retailers to housing.
  • “Supply chain shortages”
  • “Supply shortages”
  • “Shortages of parts”
  • “Shortages of inputs and labor”
  • “Increasingly severe shortage of auto inventories”
  • “Shortages of parts for farm equipment”
  • “Restaurants reported severe supply and staffing shortages”
  • “Nursing shortages”
  • “Raw material shortages”
  • “Shortages of labor and other raw materials” that delayed construction
  • “Persistent materials shortages”
  • “Shortages and higher costs for both labor and non-labor inputs”
  • “Retailers noted shortages of and increased lead times for merchandise, particularly on foreign-made goods”

Read More 

Hits: 13

This site uses Akismet to reduce spam. Learn how your comment data is processed.