- Warehouses and distribution centers are pushing rates higher, with U.S. storage prices up 1.4% month-over-month and nearly 11% year-over-year.
- An inventory glut will impact consumer prices, with the latest consumer price index data due out today.
- Charges to use cargo containers as temporary warehouse space are going to “explode” in the coming quarters, according to one port and intermodal expert.
- From construction to retail, key sectors of the economy expect pricing pressure to remain.
The ports, the ships, even the loading docks — these are all intricate business components to get the goods we consume that are produced elsewhere to our mainland before they hit the store shelves.
Most of us, like myself, take for granted the fact that everything we desire is (most of the time) at our fingertips, literally and figuratively.
There was a time in all of our lives that we actually had to get off our asses to go get what we wanted. Now there’s an APP for that… dozens, in fact.
Whatever we want, from Chinese takeout to toilet paper, can all be delivered to us through some type of app or program.
There’s a logistical process behind all of it. From the button being pushed on your smartphone to your food or product being placed in your hands.
Well, it’s really not that different at the ports. There’s a logistical process in place there as well — that’s how they run so smoothly.
But that ALL COSTS MONEY. Just like we pay for it through an app, we pay for it in the cost of the product we buy off the shelf at our local stores.
Every component of a product being designed, manufactured, packaged, shipped, delivered, displayed … are all accompanied by a COST.
Ultimately, we absorb that in the retail price we pay for that product. When the logistical component of getting that product to the store shelf has increased, the wholesale and retail cost of that product rises as well.
For every action, you can expect a reaction. For me, life has gotten more expensive. So I work harder to stay ahead of the curve. I teach more traders how to be successful. If they’re successful, I’m successful.
My action today is to extend my desire to help you. If your reaction is to accept and you are interested in working with me… simply click here.