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Economy

bucolic_frolic

(48,498 posts)

4. Technology plateau reached

Reply to TexasTowelie (Original post)

Mon Nov 6, 2023, 10:02 AM

Nov 2023

The cost of shipping is forcing efficiencies on the market. Companies source and consumers buy locally to the extent they are able because it's cheaper. We only need things from overseas that we do not produce locally or regionally. It takes a major leap in innovation or technology to fork over for new products that make economic sense. This is the new normal.

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Maersk to cut 10,000 jobs as shipping demand drops - Reuters [View all] TexasTowelie Nov 2023 OP

Here's a text version from Reuters progree Nov 2023 #1

Interesting. News reports that our economy continues to grow. Maersk's action seems to contradict this. 3Hotdogs Nov 2023 #2

K&R 2naSalit Nov 2023 #3

Technology plateau reached bucolic_frolic Nov 2023 #4

If Maersk is doing this, the major Chinese ports must be laying off a lot of workers as well. OAITW r.2.0 Nov 2023 #5