Understanding Supply Chain Disruptions

What is one of the main reasons for the current supply chain issues?

• A rise in fuel prices

• An increase in local production

• A decrease in consumer demand

• A new 145% tariff on imports from China

What is happening at major ports like Los Angeles and Long Beach?

• An increase in local exports

• A complete halt in operations

• A decrease in ship arrivals by 30-40%

• An increase in ship arrivals

How are big retailers like Walmart and Target responding to supply chain issues?

• By reducing their product range

• By increasing their advertising budget

• By rerouting shipments through Canada

• By closing some stores temporarily

What impact is the supply chain disruption having on trucking companies?

• Higher wages for drivers

• Expansion of trucking routes

• Increased demand for drivers

• Major drops in demand and potential layoffs

What is the potential economic risk mentioned in the video?

• A decrease in unemployment rates

• A 50/50 chance of entering a recession

• An increase in foreign investments

• A rise in global trade

Why might some companies be shifting production to countries like Vietnam and India?

• To avoid tariffs on Chinese imports

• To access better technology

• To reduce labor costs

• To increase production speed

What is a potential consequence of panic buying?

• Stabilization of prices

• Worsening of shortages

• Increase in product variety

• Decrease in consumer spending

What is one suggested action for consumers to take during these supply chain challenges?

• Avoiding all online shopping

• Panic buying essential items

• Waiting for prices to drop

• Supporting local businesses

What is a recommended strategy for those on a fixed income during these times?

• Investing in stocks

• Building a small cushion of essential items

• Ignoring price changes

• Traveling to find cheaper goods

What is a suggested way to stay informed about local shortages?

• Ignoring social media updates

• Relying solely on store announcements

• Checking community boards or Facebook groups

• Watching national news