Originally Posted by
FFMAN
Of more relevance though is whether there is an economy left to do business with. We are literally watching our children's futures go up in smoke.
Maybe and then again maybe not. The world economy will reboot. Business will have to find itself more robust methods to survive. It has always been obvious that the Food supply chain is wafer thin with little held inventory. Food companies allowed to go bust because supermarkets can import from Thailand and save 10 pence per chicken. From hatch to despatch for a chicken is circa 35 days but one of UK's biggest processors was going bust because prices so low.
Basically if you buy chilled items on a Wedensday in Tesco, it was ordered Monday morn, shipped Mon night / Tues morn and on shelf by Wednesday morning. Any kind of supply issues hit immediately. In addition people did not hold any kind of safety stock at home hence 8 weeks sales in 1 week is not possible.
I know from friends that Food companies have ramped up production massively with lots of jobs and likely shelves will be full by end of month. However the 60 flavours of sausage with be now 6, guess Lidl / Aldi are way ahead of that. Food production workers are now "KEY WORKERS" now instead of minimum wage slaves, pitied because they couldn't get a job elsewhere and majority of them will be foreigners.
I think when "The Great Reboot" occurs there will be a change in the way we do things, be it travel, shopping, social contact. Maybe a society where being nice and helping people is a character trait to be admired rather than newest outfit on youtrbe/faceache/twatter (other idiot social media platforms are available as well)
The great rush from rural to urban is over. WTF wants to be in a city when stuff like this happens. Good for people in small villages everywhere as new people coming in will increase local jobs and hopefully build communities.
Air travel will rebuild but it will be different just not figured out how yet.