It’s Happening Now
The free-enterprise system can fix this but Washington simply cannot; it is too square to be creative and too short-sighted to take us out of this mess, but you are staring at a once-in-a-century opportunity when it comes to logistics and the transport of goods in America.
Everybody knows it’s a huge problem waiting on innovative solutions to lift the world above it!
Here’s how inefficient America’s most strategic and important ports are:
- Los Angeles and Long Beach ports, responsible for nearly 43% of all goods that come into this country, are ranked #328 and #333 in the world when it comes to efficiency
Tanzania’s ports have a higher ranking!
- Asia’s ports are ranked 50%+ higher when it comes to efficiency
You can’t compete with Asia as long as you run ports with a 1950s mentality.
It’s really bad; transport times from Asia to the U.S. have doubled in the past two years, with 33% of cargo waiting in port for more than 5 days, out of which 20% of allimports wait for 9 days or more.
Before the healthcare crisis, the average was between 2 and 4 days.
In January and February 2022, a full 800 workers, which comprise 10% of the workforce, were unavailable due to health restrictions. Because importers put so little faith in the Port Authority, they hoarded merchandise ahead of time, causing 40% of the cargo to sit at the port, aging until they’re ready to load onto trucks.
In America, there’s a SHORTAGE of 80,000 drivers and 400,000 warehouse workers right now!
Automation in ports is blocked by unions, which fear machinery will destroy jobs.
I am telling you all this to show you that even though America has 2,000 ports, the way they operate needs a complete overhaul and must be modernized, especially because of the outdated Jones Act, which is outright foolish.
If you’re thinking about where opportunity is in America, it’s in logistics.
On top of that, most people in America, be they Baby Boomers or otherwise, now place personal health as a chief priority in their lives.
The demand for products that will deal with the prevention of adverse conditions – simple-to-use and tasty consumer-packaged goods – will be a monstrous hit with Americans.
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The recession has already occurred, and the reset has already happened. Many problems are arising from the new normal that we are definitely going into.
Courtesy: Zerohedge.com, Bloomberg
I’ve listened to interviews conducted with high-ranking port officials, and they’re doing everything they can to help the situation. Central bankers are also on this case, with the world pricing one of the highest interest rate environments in over a decade.
The S&P 500, NASDAQ 100, and Dow Jones have given back nearly a full year of appreciation, and they might give back even more.
EVERYONE is trading, investing, and behaving like inflation is entering a 1970s-style condition, so I ask you to think about the likelihood of such a scenario when practically every person in the world is aware of it and acting in the best way they know how to in order to defend their nest eggs from its damage.
Gold is a perfect hedge for 2022, and a company that sells consumer-packaged goods for the Baby Boomers who are going back to stores and shopping is the ultimate growth strategy for the year.
Restrictive measures are being relaxed worldwide, and these will probably be done away with altogether by the summertime.
Think about the opportunity and realize how incredible the size of it is!
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