Politics Shortages all around the world

[TheKiwi]

The FDA won't allow foreign milk powder in, even powder that has passed the EU's more stringent regulations because the labels don't have the exact wording the FDA demands. 100% a government caused crisis.

 

[NebrHogger]

Picked up a few things at the Co-op gro this morning and no shortages worth mention. Didn't think to look for baby formula. Prices are a different matter - WAY up! Let's go, Brandon!

 

[primer]

Just looked MPI responsible for NZ imports of the stuff from US. They ordered a recall back in February.
We had same kind of scare
An outbreak of salmonella has closed part of Fonterra's Hautapu dairy factory for two weeks and seen an entire day's production of milk protein concentrate placed in quarantine.
But instead of several months closed it was only two weeks for a NZ factory. We have up the arse standards aswell.

 

[primer]

Britain reserve bank gov actually begs not to increase wages causing entrenched inflation . Admits is powerless to prevent this supply side inflation.
This is definitely a new tool we have not seen or heard of before.

 

[tea-drinker]

Britain reserve bank gov actually begs not to increase wages causing entrenched inflation . Admits is powerless to prevent this supply side inflation.
This is definitely a new tool we have not seen or heard of before.

We were banned from wage increases last year, if they pull the same stunt again I am going to leave the lights on and the phone charger plugged in.

 

[JimHPTN]

Jif peanut butter recalled for salmonella contamination

The makers of the popular peanut butter brand Jif issued a recall for the product due to potential salmonella contamination.

myfox8.com

Recalls aren't uncommon unfortunately, but this one will definitely aggravate the situation, especially with parents.

 

[primer]

So there are still shortages caused by parts not getting made or delivered by the long supply chain. This latest round of lock downs in China. Are they trying to cause the depression?
Between them and the bankers "this is like 70's inflation" interest rate shock therapy ( back to back rate rises not seen in history) if their behavior doesn't alter that is a real prospect.
They have wiped away their chrished asset values not seen since the last depression.

 

[JimHPTN]

So there are still shortages caused by parts not getting made or delivered by the long supply chain. This latest round of lock downs in China. Are they trying to cause the depression?
Between them and the bankers "this is like 70's inflation" interest rate shock therapy ( back to back rate rises not seen in history) if their behavior doesn't alter that is a real prospect.
They have wiped away their chrished asset values not seen since the last depression.

Oh hell yeah there are still shortages! Our plants keep getting shut down on average 1-2 days a week due to parts shortages, mostly electronics related, but other stuff as well, such as pumps.

 

[primer]

A part out of China is holding up a manufacturer in Spain. The part was ordered in January from an Italian company making its stuff in China.
This long chain.

 

[JimHPTN]

A part out of China is holding up a manufacturer in Spain. The part was ordered in January from an Italian company making its stuff in China.
This long chain.

We're having the same problems and yet our company never learns. We still want to outsource components and functions to overseas firms.

 

[primer]

This crucifixion of everybody because of it by the bankers am finding it hard to understand. Before it, this chinavirus supply chain coronary ...everyone was trying to undercut the others prices in beautiful free market harmony.
Its not like we forgot that in the time that the bankers were estimating it to be only transitory, less than 6 months ago.

Of course a factory must put up prices if its overheads are not met by output. Higher interest rates risks putting it out of business.
There is higher debt out there than before any other time thanks to their low rates.
They all borrowed and are now watching that asset they bought fall in value and calculate how many years they must work for free to pay back that.

 

[Jake84]

No shortage but inflation here. They can blame it on ChinaVirus, Ukraine or Monkeypox next, we’re getting royally screwed my dudes.

 

[primer]

So ex factory prices are up to 7% this year, they are normally half of that.
This is simple supply side inflation with new green costs and various wage equality increases.. regulatory. Lets hit that with interest rates?

 

[primer]

The chief executives of Master Builders and the New Zealand Building Industry Federation said the sector was probably entering the downturn phase of the boom-bust cycle, as shortages in labour and materials combine with high costs and falling house prices to make projects untenable. In the past fortnight, 12 building sector companies have gone into liquidation, according to the Government Gazette, seven of which were either unable to pay outstanding debts or were being investigated for trading while insolvent, according to liquidators.

BBC did a short doco about trained Kiwis leaving for Australia better incomes.
The wife of one tradie broke down.

Taxcinders delivered more lockdowns and less support than Aussie. This month every company has to pay back its covid loan.
Solidarity.

 

[JimHPTN]

The chief executives of Master Builders and the New Zealand Building Industry Federation said the sector was probably entering the downturn phase of the boom-bust cycle, as shortages in labour and materials combine with high costs and falling house prices to make projects untenable. In the past fortnight, 12 building sector companies have gone into liquidation, according to the Government Gazette, seven of which were either unable to pay outstanding debts or were being investigated for trading while insolvent, according to liquidators.

BBC did a short doco about trained Kiwis leaving for Australia better incomes.
The wife of one tradie broke down.

Taxcinders delivered more lockdowns and less support than Aussie. This month every company has to pay back its covid loan.
Solidarity.

It seems that all of these so called leaders are going out of their way to destroy the middle class.

 

[Fish&Chips]

Loan insurer Allianz Trade quoted a recent study according to which the cost of grocery items in Germany will increase another 10 % in the course of this year. So on top of the current inflation, things will get worse. Manufacturer prices have gone up an average 16.6 % since the beginning of 2021, with particular foodstuffs experiencing even higher increases like oils and fats (+53 %), flours (+28 %) and pasta (+19 %). Most of this has been traced back to the Ukraine war. On the other hand, retailers have buffered a lot of it by raising their consumer prices by only 6 % on average, but an adaptation is of course due to come.

source in German

 

[JimHPTN]

I just got a text message that we've had to shut down one of our plants again due to a lack of parts.

@Fish&Chips We've seen upward pressure on various parts and raw materials since early 2020. Like most companies, we decided not to initially pass those cost pressures onto the final consumer as we determined that the market couldn't bear it. From conversations with other people in other industries and vastly different sizes of companies, this was the common approach. As such, the average consumer didn't feel the pain until early 2021 when we all had to start raising prices just in an attempt not to lose too much money.

The biggest problem with this round of inflation is that wages aren't going up to reflect the cost increases. As such, our standard of living is going way down with many people about to run into severe financial difficulty, if they haven't already.

 

[JimHPTN]

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Well, citrus is going to get expensive.

 

[Picanha]

Vegetable oil is not short anymore even our lazy supermarket at the corner stocked up again. Prices from 1,79 € up.

https://shop.rewe.de/p/rewe-beste-wahl-sonnenblumenoel-750ml/7897999?region_id=320970&serviceTypes=pickup&ecid=pla_google_vs_nonbr_%28shp%7Cpickup%29pm%7Cem-rewebestewahl_nahrungsmittel_lia_1879499994_71811829322&gclid=EAIaIQobChMIgvzq45qH-AIVB4XVCh24PA3EEAYYAiABEgI1-PD_BwE

I think its less shortgaes but a general disruption of the global economic system. Much is happening behind the curtains. Whole new supply chains set up.

Money and investement is being shifted too (away from risks like China and Russia). Its a heavy lifting happening right now with a very different looking economy afterwards.

Lots of correction to do.

 

[primer]

CNBC Davos heavy hitter interview included Citibank boss, World bank boss. Some American whom I felt had a grasp on things as he seemed quite street wise corrupt...concluded this will not be as bad as 08 . Some comfort right. All be over shortly.
They all had not much positive to say about crypto. Good place for criminals to hide money from the state was the single point made in its favor. They regretted not regulating it. But like trusts and tax havens, the rich need it.

The manufacturers to retailers are not passing on full costs. Its a self discipline that the reserve banks aren't considering at this point. Its not looking like some loopy latin American price hike as they preemptively nuke it with interest rates.