The "shock" is actually a bit more subtle than that: > Here's 10 years of the relationship between our consumption of goods and our consumption of services. It

The "shock" is actually a bit more subtle than that: > Here's 10 years of the relationship between our consumption of goods and our consumption of services. It explains a lot about why we're experiencing bottlenecks and disruptions. We were simply not prepared for the massive uptick in goods consumption. * https://twitter.com/TBPInvictus/status/1456683999657615364 https://twitter.com/TBPInvictus/status/1456683999657615364 When people couldn't go out and do stuff (services) they started buying stuff (goods), and the supply chain couldn't handle the sudden surge… so now we have supply problems. The supply problems are often 'subtle' as well. For example, a few months ago softwood lumber in the US hit a peak of $1733/lot, and now it's down to 'only' about $600—which is still 50% higher than it historically ever was before. However there is a 'glut' in the supply chain because current inventories can't be shipped because… there is a shortage of truss plates: * https://en.wikipedia.org/wiki/Truss_connector_plate https://en.wikipedia.org/wiki/Truss_connector_plate Floor trusses can't be built, so even though you've built the first floor walls you can't go to the second because the floor framing—built using trusses—can't be laid down, so houses can't be finished. Further details about the current (Nov 2021) lumber situation on the most recent Odd Lots podcast: * https://player.fm/series/series-1504378/stinson-dean-on-the-lumber-crash-that-followed-the-boom https://player.fm/series/series-1504378/stinson-dean-on-the-... * https://www.bloomberg.com/news/articles/2021-11-08/transcript-stinson-dean-on-the-lumber-crash-that-followed-the-boom?srnd=oddlots https://www.bloomberg.com/news/articles/2021-11-08/transcrip... * https://www.bloomberg.com/news/articles/2021-11-08/how-a-2-metal-plate-defeated-the-laws-of-supply-and-demand?srnd=oddlots https://www.bloomberg.com/news/articles/2021-11-08/how-a-2-m... Similarly even if you built most of the house, you can't legally occupy it unless there's running water—and there's a shortage of faucets: * https://player.fm/series/series-1504378/the-bathtub-episode-how-the-pandemic-disrupted-plumbing https://player.fm/series/series-1504378/the-bathtub-episode-... So the demand and supply shocks dovetail 'nicely'. Worth checking out Bloomberg's Odd Lots podcast as they've done a number of episodes on the supply chain over the last year. There are ones specifically focusing on (US) ports, rail roads, and trucking.