December 2023.  Supply Chain Management and Inflation

Have you noticed that U.S. INFLATION is under control (and inching down)?  

One reason for this is the renewed emphasis in the United States on supply change management.  The Covid-19 pandemic had disrupted supply chains around the globe, making it costlier to manufacture/produce, stock, distribute and get items to the consumer.

It’s time for the FED to stop raising interest rates any more (should start bring them down soon), and let the economy heal, create jobs, and grow without stifling inflation.

It is heartening to see that the White House Council on Supply Change Resilience, created in November. 2023, is working hard to fix supply chains in the U.S.  We do not want another baby-formula or food shortage driving up prices.  Wharton professor Dr. Marshall Fisher says, “In terms of a grade, I would give it an A-plus for what it’s (the Council on Supply Chain) is trying to do…”  He also says that It is critical to our national security, not just getting products to consumers cost-effectively and in a timely manner.  “Why Supply Chains Are Key to Fighting Inflation – Knowledge at Wharton (upenn.edu)”
 
UPDATE – December 16, 2023.  Great News:  The FED paused rate increases in December, and hinted at three possible rate cuts in early 2024. 

Pradeep Ganguly