{"id":1016268,"date":"2021-11-15T17:29:40","date_gmt":"2021-11-15T22:29:40","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1016268"},"modified":"2021-11-15T17:29:42","modified_gmt":"2021-11-15T22:29:42","slug":"seasoned-investor-worries-supply-chain-crisis-will-last-until-2023","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/seasoned-investor-worries-supply-chain-crisis-will-last-until-2023\/","title":{"rendered":"Seasoned Investor Worries Supply Chain Crisis Will Last Until 2023"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fseasoned-investor-worries-supply-chain-crisis-will-last-until-2023%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1016268&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>A seasoned Wall Street investor warned on Friday that the supply chain crisis may last until 2023.<\/p>\n<p>During an interview with <a href=\"https:\/\/www.cnbc.com\/2021\/11\/14\/supply-chain-chaos-chip-shortage-could-go-through-2023-paul-meeks-.html\">CNBC<\/a>, Paul Meeks \u2014 who led Merrill Lynch\u2019s technology fund during the dot-com bubble and currently works as a finance <a href=\"https:\/\/go.citadel.edu\/accounting-finance\/faculty-staff\/paul-meeks\/\">professor<\/a> at The Citadel \u2014 told the outlet on Friday that companies\u2019 profitability may be threatened by the bottlenecks.<\/p>\n<p>\u201cSome of these companies actually will not be able to ship units. And if they can\u2019t ship units, they might disappoint on their earnings,\u201d he explained. \u201cTheir stocks are so expensive that they could go down. Not go down a bit, they could go down a lot.\u201d<\/p>\n<p>\u201cIt\u2019s a bummer and unfortunately, there\u2019s not any relief,\u201d he added. \u201cIt\u2019ll also hit the top and bottom lines of some of these vendors that are selling those hot Christmas products.\u201d<\/p>\n<p>Shipping vessels carrying consumer goods from overseas are idling in the Pacific Ocean as the United States faces labor shortages, creating bottlenecks in California ports. As of November 10, a record 111 vessels were <a href=\"https:\/\/www.dailywire.com\/news\/supply-chain-crisis-worsens-number-of-ships-off-california-coast-hits-new-record\">waiting<\/a> to unload merchandise. Retailers across the United States are therefore lacking inventory to meet consumer demand.<\/p>\n<p>Meeks\u2019 analysis matches concerns raised by economists polled by <a href=\"https:\/\/www.wsj.com\/articles\/supply-chain-bottlenecks-elevated-inflation-to-last-well-into-next-year-survey-finds-11634479202\">The Wall Street Journal<\/a>, who believe that the supply chain crisis is the top issue facing the American economy.<\/p>\n<p>\u201cConcerns about limited supply are the main cloud over the outlook. Around half of respondents cited supply-chain bottlenecks as the biggest threat to growth in the next 12 to 18 months, while nearly one-fifth pointed to labor shortages,\u201d says the outlet. \u201cThey also expect supply-chain woes to weigh on the economy through much of next year. Some 45% estimate that it will take until the second half of 2022 for bottlenecks to have mostly receded, compared with two-fifths expecting major improvement before then.\u201d<\/p>\n<p>As referenced by the respondents and by Meeks, the supply chain crisis is prompting firms to change their behavior.<\/p>\n<p>Some companies \u2014 such as Hershey and Kimberly-Clark \u2014 are <a href=\"https:\/\/www.dailywire.com\/news\/supply-chain-issues-lead-brands-to-cut-advertising-spend\">slashing<\/a> their advertising budgets as they struggle to fulfill pending orders.<\/p>\n<p>\u201cOur earnings were negatively impacted by significant inflation and supply chain disruptions that increased our costs beyond what we anticipated,\u201d said Kimberly-Clark chief executive Mike Hsu. \u201cWe are taking further action, including additional pricing and enhanced cost management, to mitigate these headwinds as it is becoming clear they are not likely to be resolved quickly.\u201d<\/p>\n<p>Coca-Cola is now <a href=\"https:\/\/www.dailywire.com\/news\/coca-cola-foresees-product-shortages-next-year\">anticipating<\/a> product shortages through 2022. During an interview, Coca-Cola chief executive James<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A seasoned Wall Street investor warned on Friday that the supply chain crisis may last until 2023.During an interview with CNBC, Paul Meeks \u2014 who led Merrill Lynch\u2019s technology fund during the dot-com bubble and currently works as a finance professor at The Citadel \u2014 told the outlet on Friday that companies\u2019 profitability may be threatened by the bottlenecks.\u201cSome of these companies actually will not be able to ship units. And if they can\u2019t ship units, they might disappoint on their earnings,\u201d he explained. \u201cTheir stocks are so expensive that they could go down. Not go down a bit, they could go down a lot.\u201d\u201cIt\u2019s a bummer and unfortunately, there\u2019s not any relief,\u201d he added. \u201cIt\u2019ll also hit the top and bottom lines of some of these vendors that are selling those hot Christmas products.\u201dShipping vessels carrying consumer goods from overseas are idling in the Pacific Ocean as the United States faces labor shortages, creating bottlenecks in California ports. As of November 10, a record 111 vessels were waiting to unload merchandise. Retailers across the United States are therefore lacking inventory to meet consumer demand.Meeks\u2019 analysis matches concerns raised by economists polled by The Wall Street Journal, who believe that the supply chain crisis is the top issue facing the American economy.\u201cConcerns about limited supply are the main cloud over the outlook. Around half of respondents cited supply-chain bottlenecks as the biggest threat to growth in the next 12 to 18 months, while nearly one-fifth pointed to labor shortages,\u201d says the outlet. \u201cThey also expect supply-chain woes to weigh on the economy through much of next year. Some 45% estimate that it will take until the second half of 2022 for bottlenecks to have mostly receded, compared with two-fifths expecting major improvement before then.\u201dAs referenced by the respondents and by Meeks, the supply chain crisis is prompting firms to change their behavior.Some companies \u2014 such as Hershey and Kimberly-Clark \u2014 are slashing their advertising budgets as they struggle to fulfill pending orders.\u201cOur earnings were negatively impacted by significant inflation and supply chain disruptions that increased our costs beyond what we anticipated,\u201d said Kimberly-Clark chief executive Mike Hsu. \u201cWe are taking further action, including additional pricing and enhanced cost management, to mitigate these headwinds as it is becoming clear they are not likely to be resolved quickly.\u201dCoca-Cola is now anticipating product shortages through 2022. During an interview, Coca-Cola chief executive James Quincey said that \u201csome issues are ongoing and structural, and some issues appear for a quarter and disappear again.\u201d\u201cMy analogy would be it\u2019s a bit like an earthquake,\u201d he added. \u201cYou get further shock waves coming through, but they tend to be of diminishing magnitude.\u201dGoya CEO Bob Unanue pointed to supply chain issues as a cause for the company\u2019s price hikes.\u00a0\u201cWe bring products like coconut water from Thailand [and] from Vietnam and a container with about 1300 cases of coconut water in it used to cost about $1800, $1.40 a case; it\u2019s gone up to $20,000 to get on a container ship if you can,\u201d he explained.The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.<\/p>\n","protected":false},"author":99,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1016268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1016268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1016268"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1016268\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1016268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1016268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1016268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}