Companies Warn Customers to Brace for Continued Shortages and Price Hikes

(Business Insider) Companies are preparing for historic supply-chain snags to continue into 2022.

Scott Price, the president of UPS, said on Sunday that low global vaccination rates, especially in developing countries, were likely to contribute to increased shortages in the coming year.

“The logistics industry does not see 2022 as having any less disruption in supply chains than in 2021,” Price told AFP, an international news agency located in Paris.

Since the onset of the pandemic, a boom in demand has overwhelmed the supply chain. Transportation has struggled to keep up as rising demand met COVID-19 shutdowns, labor shortages, and historic weather occurrences, causing a lack of shipping containers and supplies, alongside major price hikes.

Price’s comment came as overseas shipping rates between Asia and the US hit an all-time high. Judah Levine, the head of research at Freightos, told Insider that shipping prices between the two regions have jumped 500% from this time last year.

While the UPS executive said he expects transportation costs to stabilize in the coming year, several companies have already boosted consumer prices because of elevated shipping costs.

Kroger, the nation’s largest supermarket chain, indicated on Friday that it plans to hike prices because of inflation.

Kroger is “passing along higher costs to the customer where it makes sense to do so,” CFO Gary Millerchip said at the company’s earnings call on Friday.

[Read more…]


Hospital Patient without COVID Shot Denied Heart Transplant

(Associated Press) A Boston hospital is defending itself after a man's family claimed he was denied a new heart for refusing to...

Should Investors Fear Fed Rate Hikes?

(Stefan Gleason, Money Metals News Service) The prospect of Federal Reserve rate hikes continues to rattle Wall Street and cloud the outlook for...

DOJ Gave Millions to Soros-Tied Organizations in 2021

(Headline USA) The Biden Justice Department awarded millions of dollars to charities linked to Soros-backed district attorneys last year, according to Just The News.

Lawyer: Avenatti Said He’d Represent Porn Star for a Dollar

(Associated Press) Michael Avenatti jumped at the chance to represent porn star Stormy Daniels in 2018, saying he'd do it for a...

SHOCK: Immigrants Sent More than $50B Home to Mexico in Biden’s First Year

(Headline USA) As the US economy faces its worst economic crisis since the Carter administration more than 40 years ago, President Joe Biden’s open-borders policy has helped buoy...