Intro: Have you noticed that there have been delays or backorders on just about everything lately? One reason for this is an unprecedented bottleneck in worldwide shipping. The Covid era and its forced employee mandates have taken their toll on the supply chain. While we hope things improve, our expert guest says things are only going to get worse. Fasten your seatbelt as we hear from economic analyst and CEO of Patriot Gold Group, Jack Hanney.
Talking Points:
- So far, most shortages have been limited to being minor irritations, but you say that is likely to shift very soon. Tell us about that.
- Tell us about the compounding effect of the long lines container shipments.
- Even if everything were fixed and incentives were given back to employees on docks, on ships, and everywhere else in the supply chain, how long might it be before things are back to normal again?
Answer: This is the new normal. Don’t expect it to go back to business as usual for a long time, if ever.
- In virtually every US home there are products that entered the United States through the ports of Long Beach or Los Angeles. Everything from shoes to turniture to forks and knives. We’ve seen photos of many very large container ships waiting in line due to a shortage of dock workers. Do we really import that many goods?
Answer: We import a lot of goods, but even the so-called domestic products we make, they virtually all rely on some foreign components, many of which are on ships, bogged down in these two ports.
- Can’t we just fly in goods?
Answer: Yes, but air freight adds significanty to costs and air carriers are having similar supply chain challenges. There are new rules and restrictions every day including mandates. These have a compounding effect. These delays are causing the price of goods to rise. Inflation is rising faster than most wages. What can Americans do to compensate to help survive?
- Where may we get more information on this subject and your company, Patriot Gold Group?
Answer: PatriotGoldGroup.com
ABOUT JACK HANNEY…
Jack Hanney has been in the financial markets for 25+ years and is widely heralded as an expert in his field. Born and raised in Westchester County, Jack subscribed to The Wall Street Journal at the age of 14, and moved to California in his early 20’s to study under Investor’s Business Daily founder William O’Neill.
Jack Hanney was the General Manager and Director of Sales at several algorithmic automated trading companies trading the futures and commodities markets, working with Introducing Brokers out of Chicago, Geneva, and NYC. Jack was recruited by several tech startups and made a name for himself at Infosearch Media, Virtumundo, and The Design People before returning to Finance. Jack passed on Morgan Stanley, and other reputable, prestigious Brokerage firms to be a CFP in their Wealth Management Divisions and opted for a position as Senior Executive Trader with MG Private Client Services. He spent four years 2010-2014.
Jack Hanney had spent two years as Director of Trading, Executive Vice President of WDM overseeing the Retail Division before cofounding Patriot Gold Group a collective of Industry-Leading Experts bringing their clients Investor Direct Pricing and superior customer service.
Jack has written over half a billion dollars in business and trades, maintaining outstanding relationships with his clients at Patriot Gold Group (PGG), where he is a senior partner. Jack resides in Los Angeles, California with his wife Amy and is the proud father of his two daughters, Kate, age 13 and Luna age 21 & their two dogs Roxy & Daisy.
CONTACT: To schedule an interview with Jack Hanney, email jerry.specialguests@gmail.com or call Celinda Hawkins at (432) 349-2736.
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