BLUF
This Dec 21 Guardian article argues that the global supply chain crisis will take two years to overcome bottlenecks.Summary
Martin Farrer makes the following points in this Dec 21 Guardian article:
- Difficulties in sourcing goods and materials could last another two years.
- Omicron Covid variant could make supply chain issues worse.
- The biggest problem seems to be Zhejiang in China, a major manufacturing hub and a major container port.
- Another problem area is America’s west coast, where ships can take four weeks to unload.
- Delays at important ports create a ripple effect across the global supply chain.
- Cyberattacks on the supply chain, such as Colonial Pipeline, have also caused significant problems.
Note also the following Runway Posts:
- Australia must do more to prepare for a SolarWinds-style supply-chain attack | The Runway (airforce.gov.au)
- China's economy is cooling rapidly and Australia could feel the chill | The Runway (airforce.gov.au)
- A coffee shortage is coming, and it could last three years, importers warn | The Runway (airforce.gov.au)
- Australia has a key role to play in reducing China’s rare-earths dominance | The Runway (airforce.gov.au)
- Will synthetic production solve Australia’s liquid fuel problem? | The Runway (airforce.gov.au)
References
- Dec 21 New anti-virus measures in East China’s Zhejiang spark logistics backlog; ‘targeted approach’ reduces impact on supply chain - Global Times
- Dec 21 Global Supply Chain Disruption - Is Retail’s Xmas goose cooked? - The University of Sydney
- Dec 21 Resilience in the Global Supply Chain: Understanding 5 Key Ingredients - Global Trade Magazine
- Jan 22 Supply chain crisis tipped to stretch into 2022 | news.com.au — Australia’s leading news site
- Jan 22 Interview: U.S. ban on Xinjiang cotton to further disturb global supply chain, says expert-Xinhua (xinhuanet.com)
- Article Source: The Guardian
- MEDIA BIAS CHECK: The Guardian - Media Bias/Fact Check (mediabiasfactcheck.com)
- RUNWAY TOPICS : LEARNING OUTCOMES | The Runway (airforce.gov.au