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Shortages Are Getting Worse as the Global Supply Chain Crisis Enters an Ominous New Chapter

By Michael Snyder

 

All of the shortages were supposed to be gone by now.  During the first half of 2021, the blind optimists were assuring us that by the end of the year the pandemic would be over, the spike in inflation would have proven to be “transitory”, the global supply chain crisis would be resolved, and the U.S. economy would be booming.  Of course the truth is that none of those things happened.  In fact, overall conditions are even worse than they were six months ago.  Now we are heading into 2022, and even the optimists are finding it difficult to say anything positive about the coming year.

What is 2022 going to look like if global supply chain problems continue to intensify?  Not since World War II have we seen anything like the long-term shortages that we are now experiencing, and for many people this has been deeply frustrating.

For example, a lot of pet owners have been dealing with severe pet food shortages for months, and those shortages just seem to keep getting even worse.  The following comes from a Wall Street Journal article entitled “The Pet-Food Shortage Is Real, and Owners Are Scrambling”

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One Comment

  1. grannieannie grannieannie December 23, 2021

    Whoa – choice of words
    ominous
    ŏm′ə-nəs
    adjective

    Menacing; threatening.Of or being an omen, especially an evil one.Of or pertaining to an omen or to omens; being or exhibiting an omen; significant; portentous; — formerly used both in a favorable and unfavorable sense; now chiefly in the latter; foreboding or foreshowing evil; inauspicious.

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