A chain is only as strong as its weakest link, so the saying goes. When it comes to the current state of the global supply chain, weakness is everywhere. Huge disruptions are found in the shipping container market, shipping routes, ports, air cargo, trucking lines, railways and even warehouses. The result has created shortages of key manufacturing components, order backlogs, delivery delays and a spike in transportation costs and consumer prices.
Unless the situation is resolved soon, the consequences for the global economy may be significant going forward.
So what created this logistical nightmare and when will it normalize?
Click the button below to learn more about the The COVID-Led Global Supply Chain Disruption on our blog.
Any opinions are those of Jim Hyre, CFP; Doug Ramsey, CFP; and Phil Constans; Wealth Advisor; and not necessarily those of RJFS or Raymond James. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial professional prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly. Risk Considerations: The economic forecasts set forth in this presentation may not develop as predicted and there can be no guarantee strategies promoted will be successful. Stock investing involves risk including loss of principal. Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price. International and emerging market investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors.