Americans may be facing another round of supply chain shortages thanks to the Biden administration’s failed economic policies.
Despite healthy stocks in groceries as of late, a number of post-pandemic supply chain kinks still loom over the flawed just-in-time delivery systems.
According to KPMG, another supply chain shortage is due this year, affecting everything from food to prescription medications to even baby formula. It’s possible that bare shelving will once again rear its ugly face to American consumers.
“Disruptions to supply chain operations are set to stay in 2023, whether they be existing or new geopolitical conflicts, inflationary pressures and the recessionary environment, climate change weather events, or other issues yet to emerge. They can all impact access to goods and how they flow to their final destination, create port holdups, reduce container and ocean freight availability, and surge prices, among other concerns,” KPMG reported.
Experts suggest stocking up on food, water, and essential supplies. Among the most concerning issues is the shortage of medications, given that drugstore shelves were empty last year.
This comes as President Joe Biden is pushing his so-called “Bidenomics” on the American people despite criticism.
Critics have blasted “Bidenomics” for having little to no effect on hard-working Americans. The president’s uninspired economic plan will also cause high mortgage rates, skyrocketing inflation, collapsed banks, expensive groceries, record-high rent, and dwindling retirement accounts.
“The 30-year fixed mortgage rate has now risen 31 basis points in just the past week. For a homebuyer taking out a $400,000 mortgage, the monthly payment of principal and interest rose to $2,720 from $2,637 in just one week,” CNBC reported.
Furthermore, a recent survey conducted by the Associated Press shows that only 21 percent of adults express confidence in Biden’s performance. Among them, 36 percent are Democrats, whereas only 7 percent are Republicans.
Meanwhile, only 24 percent of the population looks at the economy in a positive light, with a staggering 76 percent considering it in a state of decline.
“Biden’s handling of specific issues: Negative views on national economy, gun policy, and immigration; only a third approve. Slightly more positive on student loans,” the AP noted of the president’s performance.
