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The global supply chain is broken, perhaps for good. How did we get here and what happens next?
Empty shelves, queues for petrol and energy shortages: crises more familiar to those who lived through the 1960s and 1970s have now become a reality as global shipping times are squeezed, containers lie unopened at docks and supply shortages push up inflation, increasing the cost of consumer goods from milk to cars to building materials.
In Sold Out!, economic forecaster James Rickards (The Road to Ruin, The Death of Money) explains why the shelves are empty, who fractured the supply chain and why shortages will persist. Drawing on years of financial expertise, he breaks down the history and structure of business around the world to offer readers a behind-the-scenes look at what is happening and the steps they can take to mitigate the worst of what''s to come. By going beyond the headlines to explain how globalised trade really works, Rickards presents an essential guide to navigating the coming storm.
© James Rickards 2022 (P) Penguin Audio 2022
