Volatility Reports Commodity Based Inflation
June 5, 2022
June 5, 2022
The perfect storm is a combination of unfavorable circumstances that come together in the same time frame.
Today, the lid that was over what world because of the pandemic has lifted for better or worse, putting increased demand on goods and services.
The “build it back better” program was needed more for American infrastructures and to advance the transition to new clean industries.
Supply chain bottlenecks, primary in China with covid shutdown; and Black Sea blockade.
The invasion of Ukraine by Putin has cut off both oil and gas supplies adding to the pressure on the supply and demand equation.
Some intermediary companies are hiking prices more than the rate of the wholesale prices under the fog of media hype.
Drought in numbers 2022 – Restoration for readiness and resilience
Source ODHA Posted
- The report creates a compelling call to action. For example:
Since 2000, the number and duration of droughts have risen 29%
From 1970 to 2019, weather, climate, and water hazards accounted for 50% of disasters and 45% of disaster-related deaths, mostly in developing countries
Droughts represent 15% of natural disasters but took the largest human toll, approximately 650,000 deaths from 1970-2019
From 1998 to 2017, droughts caused global economic losses of roughly USD 124 billion
In 2022, more than 2.3 billion people face water stress; almost 160 million children are exposed to severe and prolonged droughts
This work by Jack Cahn is licensed under a Creative Commons Attribution-NonCommercial 4.0 International