Strange Coincidence...... or...... ?

Frank Castros · 09-30-2021, 10:47 AM

FYI

The United Nations was presented with a warning signed by the International Air Transport Association, International Road Transport Union, International Transport Workers Federation, and International Chamber of Shipping explaining an imminent collapse of the global supply chain due to Covid-19 restrictions, labor shortages, and overworked employees leaving.

Snarled shipping lines are disrupting the movement of natural rubber, a key material used in tires as well as components under the hood. With the global supply already running short following stockpiling by China and a devastating leaf disease, rubber prices are on the rise and some U.S. auto suppliers are rushing to secure shipments before the market gets squeezed further.

Chip shortages are estimated to cost the car industry $210 billion in lost revenue this year and will cause ordering and manufacturing delays to all parts with microprocessors in them from window switches on up to DME’s and much more.

09-30-2021, 10:47 AM	#22
Frank Castros VIP Member Join Date: Nov 2001 Location: The Lowcountry. Posts: 2,980 Likes: 2,605 Liked 2,732 Times in 964 Posts	Re: Strange Coincidence...... or...... ? FYI The United Nations was presented with a warning signed by the International Air Transport Association, International Road Transport Union, International Transport Workers Federation, and International Chamber of Shipping explaining an imminent collapse of the global supply chain due to Covid-19 restrictions, labor shortages, and overworked employees leaving. Snarled shipping lines are disrupting the movement of natural rubber, a key material used in tires as well as components under the hood. With the global supply already running short following stockpiling by China and a devastating leaf disease, rubber prices are on the rise and some U.S. auto suppliers are rushing to secure shipments before the market gets squeezed further. Chip shortages are estimated to cost the car industry $210 billion in lost revenue this year and will cause ordering and manufacturing delays to all parts with microprocessors in them from window switches on up to DME’s and much more.