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    Inflation: “Not Transitory” — US CEOs Warn Inflation Is “Unprecedented” And Becoming “Structural”

    mudra
    mudra
    mudra


    Posts : 23306
    Join date : 2010-04-09
    Age : 70
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    • Post n°1

    Inflation: “Not Transitory” — US CEOs Warn Inflation Is “Unprecedented” And Becoming “Structural” Empty Inflation: “Not Transitory” — US CEOs Warn Inflation Is “Unprecedented” And Becoming “Structural”

    Post  mudra Wed Sep 22, 2021 2:30 am


    Inflation: “Not Transitory” — US CEOs Warn Inflation Is “Unprecedented” And Becoming “Structural”

    By Tyler Durden

    Some of the biggest names in business virtually attended the annual Morgan Stanley Laguna conference last week and warned about the complex nature of soaring inflation.

    Much of the discussion was centered around the soaring cost of raw materials, labor, and logistical nightmares. Corporate leaders from 3M Company to Trane Technologies to General Electric Co., among others, all warned about increasing inflationary pressures, according to Bloomberg.

    3M’s Chief CFO Monish Patolawala shocked attendees by calling inflation “unprecedented.” He said the impact of higher commodity prices and soaring freight prices would impact its 2021 earnings.

    Trane Technologies Plc’s CFO Chris Kuehn told a very similar story: “Unprecedented is the word we’d use around the inflation side.”

    At the virtual event, Morgan Stanley analyst Josh Pokrzywinski joked that everyone could check the word “unprecedented” on their 2021 bingo cards.

    But what has become an increasing concern, pointed out by General Electric’s CEO Larry Culp, is that inflationary pressures are “increasingly getting structural in nature.”

    David Petratis, CEO of lock maker Allegion Plc, said inflationary pressures might stick around two to three years. He said his company is preparing for more persistent inflation, adding “it’s not a transitory situation.”

    read on : https://www.activistpost.com/2021/09/not-transitory-us-ceos-warn-inflation-is-unprecedented-and-becoming-structural.html?utm_source=Activist+Post&utm_medium=Facebook&fbclid=IwAR1HCVypDamwBvnNjukQ4qxmQPnlRL8Zc5J624qtjsW1ACN5X5imHwrQGCk
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    mudra
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    Posts : 23306
    Join date : 2010-04-09
    Age : 70
    Location : belgium
    • Post n°2

    Inflation: “Not Transitory” — US CEOs Warn Inflation Is “Unprecedented” And Becoming “Structural” Empty Re: Inflation: “Not Transitory” — US CEOs Warn Inflation Is “Unprecedented” And Becoming “Structural”

    Post  mudra Thu Sep 23, 2021 5:48 pm

    PVC Prices Hit Record High As Homebuilding Costs Soar

    The cost of a key building material used in everything from vinyl siding to gutters to windows and doors to flooring to plumbing jumped to a fresh record high.

    U.S. Gulf Coast export PVC spot prices printed $1,900 per metric ton for the week ending Sept. 10, up more than 30% since June.

    Inflation: “Not Transitory” — US CEOs Warn Inflation Is “Unprecedented” And Becoming “Structural” Bc8a3510

    According to Bloomberg, the latest jump in prices is due to Hurricane Ida disrupting 60% of the U.S.’ polyvinyl chloride production. The hurricane delivered a devastating blow to petrochemical factories on the Gulf Coast as buyers go elsewhere for plastics.

    “We’re now hearing some buyers there are looking to Asia for supply at the moment,” Jeremy Pafford, head of North America’s Independent Commodity Intelligence Services. “Expectations are that the tight supply situation will continue for several weeks.”

    Homebuilders and homeowners cannot catch a break when it comes to the cost of materials. Earlier this year, lumber jumped to new heights on supply chain woes but has since plunged, though it remained more than double the prices from COVID lows.

    Read on:https://www.activistpost.com/2021/09/pvc-prices-hit-record-high-as-homebuilding-costs-soar.html?utm_source=Activist+Post&utm_medium=Facebook&fbclid=IwAR3XX_ZyLs8q-59wtSy-Dyzv8JHwDlD7kTHebNY_MOeoheNpP1tHZO6pYWE
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    mudra
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    Posts : 23306
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    • Post n°3

    Inflation: “Not Transitory” — US CEOs Warn Inflation Is “Unprecedented” And Becoming “Structural” Empty Re: Inflation: “Not Transitory” — US CEOs Warn Inflation Is “Unprecedented” And Becoming “Structural”

    Post  mudra Fri Sep 24, 2021 12:44 pm

    Supply Chain Shipping Hell: "Just Get Me A Box" Says Logistics Manage



    Two years ago, the cost for a 40-foot container to transport goods from Asia to the U.S was under $2,000. Today it's as much as $25,000.

    When I saw this Bloomberg headline I thought it was about cardboard boxes. Instead, 'Just Get Me a Box' is about shipping containers.

    It’s mid-August, and logistics manager RoxAnne Thomas’s phone won’t stop pinging. Her faucets, sinks, and toilets are waylaid near Shanghai, snagged in Vancouver, and buried under a pile of shipping containers in a rail yard outside Chicago.

    “Every step of the process, there’s still backlog,” said Thomas, 41, in one of several interviews from late July through August. “The beginning of the supply chain in China—I don’t think that’s going to get better for a year.” And the outlook more broadly? “A year and a half before things are truly back to normal.”

    Although the pandemic has shuttered factories and shaken supplies of raw materials, Thomas’s chief challenge is freight, and it starts with what used to be cheap, plentiful commodities: shipping containers.

    Two years ago, a 40-foot container cost less than $2,000 to transport goods from Asia to the U.S. Today the service fetches as much as $25,000 if an importer pays a premium for on-time delivery, which is a luxury.

    “The fear is we’re ordering all this stuff for demand, and the demand is going to fizzle out before the product gets here,” Thomas says. With summer winding down, the big test of the global trading system’s resilience might still be ahead.

    Read on: https://www.zerohedge.com/economics/supply-chain-shipping-hell-just-get-me-box-says-logistics-manager
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    Posts : 23306
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    • Post n°4

    Inflation: “Not Transitory” — US CEOs Warn Inflation Is “Unprecedented” And Becoming “Structural” Empty Re: Inflation: “Not Transitory” — US CEOs Warn Inflation Is “Unprecedented” And Becoming “Structural”

    Post  mudra Mon Oct 04, 2021 4:30 pm

    Nearly 2 million Israelis lose Green Pass as new rules enter effect


    Document granting access to certain venues for vaccinated and recovered now only valid for 6 months after last shot; coronavirus cabinet to convene Sunday for first time in a month

    Starting on Sunday, the Green Pass will be valid for six months after a person’s last vaccine shot, a change in policy that will affect between 1.7 million and 1.9 million Israelis, according to Hebrew media reports. At the same time, police will step up enforcement of the proof of vaccine document at gatherings and venues in cities with high rates of infection.

    https://www.timesofisrael.com/nearly-2-million-israelis-lose-green-pass-as-new-rules-enter-effect/
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    mudra
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    Posts : 23306
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    • Post n°5

    Inflation: “Not Transitory” — US CEOs Warn Inflation Is “Unprecedented” And Becoming “Structural” Empty Re: Inflation: “Not Transitory” — US CEOs Warn Inflation Is “Unprecedented” And Becoming “Structural”

    Post  mudra Thu Oct 14, 2021 1:40 pm

    Alert: mske yourself aware of this

    https://youtu.be/oSN1ksFhlNI
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