Supply Chain Woes Continue Unabated.
The pandemic continues to cause chaos in the world of the global supply chain system which could lead to major economic problems. (CNN)
“In an open letter Wednesday to heads of state attending the United Nations General Assembly, the International Chamber of Shipping (ICS) and other industry groups warned of a “global transport system collapse” if governments do not restore freedom of movement to transport workers and give them priority to receive vaccines recognized by the World Health Organization.”
The global supply chain is the backbone of global capitalism and is in desperate need of fixing. The pandemic has caused major disruptions in the lives of millions of people and if the avenue through which the World’s population receives goods and products goes into limbo, then another severe economic depression is on the horizon. The World’s super powers need to work together instead of against each other to solve this vexing problem that will continue to deteriorate without some sort of coordinated government intervention.
