All of that delayed stuff, when it finally lands where it is supposed to, looks as though it will create a big enough pile to trigger a bad inventory recession.
Do you have any idea how many containers of stuff are bobbing offshore from Shanghai to Rotterdam, baking in marshalling yards or collecting diesel smoke film in traffic jams?
Of course not. Nobody does. The inventory en route around the world defies the imagination, not to mention the antique information systems in the shipping business.
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Financial Times
John Dizard is a columnist for the Financial Times.
