Newsletter - November
Market Updates
• Bloomberg reports S&P 500 companies mentioned the phrase “supply chain” about 3,000 times on Third Quarter investor calls
• Container ships anchored and waiting to enter US ports reached 665 with the average Los Angeles wait times reaching 12 days (Seaexplorer.com, Kuehne+Nagel International AG)
• Inflation resulting from the supply chain breakdown, labor shortages, and consumer spending has prices +6.2% higher than a year ago (US Bureau of Labor Statistics consumer price index) and the largest 12-month increase in thirty years (since 1990)
• Particularly noteworthy is the US government’s energy index – prices for fuel, gasoline, propane, heating oils – have risen 30% over the past year