theBreaker.news Podcast: Global cargo chaos threatens to sink your wallet

Many countries still struggle with the coronavirus pandemic and don’t have enough vaccine to go around.

In other countries, mass vaccination programs have lifted economies out of the doldrums. Stocks are hitting highs and demand for goods is increasing. The Christmas buying season is around the corner.

But there is a perfect storm wreaking havoc: a global shortage of energy, labour and transport. 

On this week’s edition, host Bob Mackin welcomes Glenn Ross, a global supply chain consultant with ACC Global and publisher of an illuminating weekly newsletter on the industry.

Ross breaks down what it means to Main Street and Wall Street, and how the related microchip shortage has geopolitical ramifications around the Pacific Rim.

Bottom line: get used to higher prices and empty spaces on store shelves for the next year or two.