IF EVERYTHING IS GOING TO BE JUST FINE, WHY DO THE SHORTAGES JUST KEEP GETTING WORSE?
Here we are in 2021, and we were told that things would be getting back to normal by now.
But instead, there are severe shortages everywhere around us. In fact, the shortages are far worse than anything that we experienced in 2020.
For example, did you know that dozens of important drugs are in short supply? According to the official FDA website, there are shortages of more than 100 drugs in the United States right now.
If you found yourself in a situation like this, you can check the FDA’s drug shortage tracking system.
Right now there are currently about 120 drugs listed as having a shortage. Shortages just continue to get worse for the home building industry as well. “Builders are delaying starting new construction because of the marked increase in costs for lumber and other inputs,” said Mike Fratantoni, senior vice president and chief economist with the Mortgage Bankers Association, in a report Tuesday. He added that supply shortages for appliances are also putting a damper on new home building activity. Home builders across Canada are getting hit by a string of supply-chain disruptions, resulting in widespread product shortages and explosive costs for the industry. In some cases, home construction is months behind schedule as developers struggle to source everything from lumber to PVC pipes, insulation to windows. Builders are also holding back on presales, unable to accurately price their homes too far in advance, given that material costs can fluctuate wildly on a daily basis.