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(CNBC)   A massive tsunami of cars, auto parts, and IKEA furniture destined for export is building up in Europe, and should hit the USA just in time for the impending recession   (cnbc.com) divider line
    More: Scary, Supply chain management, Logistics, Transport, Commercial item transport and distribution, Third-party logistics, Cargo, Ship, Fourth-party logistics  
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1082 clicks; posted to Business » on 01 Jul 2022 at 3:50 PM (5 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



22 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-07-01 3:55:43 PM  
I hope my Ödmjuk, Himleån, and Björksta gets here in time for Columbus Day.
 
2022-07-01 4:21:02 PM  
Oh God, Allen wrenches everywhere...
 
2022-07-01 4:28:11 PM  
There's your inflation you cock blocking warblers!
 
2022-07-01 4:31:14 PM  
Seems like autonomous trucks might be a good fit for shipping ports. At least that would alleviate 1 issue.
 
2022-07-01 4:44:52 PM  
Oh great.  More shiat rich people can afford when we'll be struggling.

Good times.
 
2022-07-01 4:45:05 PM  

A General Disdain For All Of Humanity: Seems like autonomous trucks might be a good fit for shipping ports. At least that would alleviate 1 issue.


It's a very, very good case for (semi-)autonomous trucks.  (Semi-, as in centrally controlled and following set paths). And, honestly, they're on it.  Rotterdam in particular is the most automation-heavy container port on the planet, even more than Singapore or Incheon.   Unfortunately, the longshore unions are fighting such automation hard in US ports.  Much like they fought like hell to keep containerization from being allowed at all.  They'll lose this fight too, but it takes time.  Also unfortunately, the unions, port operators, and ship operators are all deeply intertwined with mobsters, mostly of the Russian-origin ilk these days at least in the Northeast.
 
2022-07-01 4:52:20 PM  
Food commodities appear to be returning to normal. Wheat just did. Job numbers are still very string with companies unable to hire enough.

A recession is not guaranteed. Far from it.
 
2022-07-01 5:07:21 PM  

weddingsinger: A recession is not guaranteed. Far from it.


Fark user imageView Full Size
 
2022-07-01 5:09:30 PM  

Communist Middleschool Student: There's your inflation you cock blocking warblers!


Let's ignore the 9 trillion the Fed printed up recently and just blame it on the shipping.  That's OK with the Fed.
 
2022-07-01 5:12:56 PM  

Marcus Aurelius: Communist Middleschool Student: There's your inflation you cock blocking warblers!

Let's ignore the 9 trillion the Fed printed up recently and just blame it on the shipping.  That's OK with the Fed.


Then why is inflation also happening in other countries if it's solely the Fed's fault?
 
2022-07-01 5:45:30 PM  

Zeroth Law: Marcus Aurelius: Communist Middleschool Student: There's your inflation you cock blocking warblers!

Let's ignore the 9 trillion the Fed printed up recently and just blame it on the shipping.  That's OK with the Fed.

Then why is inflation also happening in other countries if it's solely the Fed's fault?


They all have giant piles of unsustainable debt and no one is buying their bonds.
 
2022-07-01 5:49:11 PM  

TheSubjunctive: A General Disdain For All Of Humanity: Seems like autonomous trucks might be a good fit for shipping ports. At least that would alleviate 1 issue.

It's a very, very good case for (semi-)autonomous trucks.  (Semi-, as in centrally controlled and following set paths).


Fark user imageView Full Size
 
2022-07-01 5:50:06 PM  

Zeroth Law: Marcus Aurelius: Communist Middleschool Student: There's your inflation you cock blocking warblers!

Let's ignore the 9 trillion the Fed printed up recently and just blame it on the shipping.  That's OK with the Fed.

Then why is inflation also happening in other countries if it's solely the Fed's fault?


The ECB had the presses running too.

I predict when the chip backlog eases, all the automotive WIP sitting in lots in Alabama, Mexico, South Carolina and Tennessee are going to flood the auto market just when interest rates are high enough to make car loans out of reach for anyone with mediocre credit.

Dinjiin: weddingsinger: A recession is not guaranteed. Far from it.

[Fark user image 533x400]


Also this. The GQP has already shown they don't care how many Americans have to die to keep them in power. I mean, they've never cared about the rest of the world, but it's getting pretty obvious they don't care about Americans either.
 
2022-07-01 6:19:37 PM  
A glut of supply? WELLLLLLLL isn't that convenient to fight inflation.
 
2022-07-01 6:24:02 PM  

A General Disdain For All Of Humanity: Seems like autonomous trucks might be a good fit for shipping ports. At least that would alleviate 1 issue.


A big problem is the dollar is so strong that ships aren't loading up exports.

Empty containers are piled up and it's harder to get new stuff in. An ideal solution would be for tge government to sign some shipping contract for empty containers. Pick 8-10 ports around the world and pay some generous rate for 90 days to any company willing to take so much tonnage of empties.
 
2022-07-01 6:46:08 PM  

sirrerun: TheSubjunctive: A General Disdain For All Of Humanity: Seems like autonomous trucks might be a good fit for shipping ports. At least that would alleviate 1 issue.

It's a very, very good case for (semi-)autonomous trucks.  (Semi-, as in centrally controlled and following set paths).

[Fark user image 640x360]


Um.. the previous poster and I were talking about container hostling and stacking.  The part that gets all those rusty boxes *on* to that train from the ship and back.
 
2022-07-01 6:55:48 PM  
Is that the recession that papers have been talking about since Jan 21, 2021 ?
 
2022-07-01 8:22:15 PM  

TheSubjunctive: sirrerun: TheSubjunctive: A General Disdain For All Of Humanity: Seems like autonomous trucks might be a good fit for shipping ports. At least that would alleviate 1 issue.

It's a very, very good case for (semi-)autonomous trucks.  (Semi-, as in centrally controlled and following set paths).

[Fark user image 640x360]

Um.. the previous poster and I were talking about container hostling and stacking.  The part that gets all those rusty boxes *on* to that train from the ship and back.


Exactly. Truck drivers are complaining about waiting around and not getting paid hauling containers from the docks to the waiting terminals for shipment across the country. More drivers on the other end of the chain should help with bottlenecks.
 
2022-07-01 8:45:20 PM  
It's worse than just European exports being backed up.
Because of the mess on the U.S. west coast, Asian shippers are sending mega-ships full of containers to Europe (these ships are too large for U.S. ports). The containers to the U.S. are then transferred to smaller ships and sent across the Atlantic. The port congestion is slowing everything down.
 
2022-07-01 8:52:11 PM  
The greedy corporations will use this as an excuse to keep prices high, of course.

Some nonsense about supply and demand, whatever that means.
 
2022-07-02 7:37:16 AM  

weddingsinger: Food commodities appear to be returning to normal. Wheat just did. Job numbers are still very string with companies unable to hire enough.

A recession is not guaranteed. Far from it.


Just like the weather, nothing gaurentees it will rain at all, anywhere, ever again. But the vast number of people involved in an economy means ones will come.
 
2022-07-02 12:50:28 PM  

Zeroth Law: Marcus Aurelius: Communist Middleschool Student: There's your inflation you cock blocking warblers!

Let's ignore the 9 trillion the Fed printed up recently and just blame it on the shipping.  That's OK with the Fed.

Then why is inflation also happening in other countries if it's solely the Fed's fault?


Why did the Fed print so much money in the first place? Covid. Covid happened in other countries too. Their central banks responded the same way ours did.
 
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