Hey guys, Reddit has a whole thread today full of
@Fatpacks types telling everyone how every industry is on fire from agriculture to the film industry, to logistics even the supply of gloves! Can’t get enough retarded dooming? Head on in now!
jajangmien 4381 points 5 hours ago
Ambulance industry because of gloves. The supply is still steadily flowing but all of the major glove vendors have put gloves on allocations to limit how many a company can buy within a month period.
If the war drags on between the US and Iran, the supply of raw materials to Malaysia for glove manufacturing will continue to get worse. I hope we don't approach COVID levels of glove shortages.
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Kaesebrot1234 1915 points 8 hours ago
The Logistics and Trucking Industry.
A close friend in the industry describes it as a "slow-motion train wreck" that the general public is ignoring completely.
There is amassive driver shortage. The workforce is aging out, and nobody wants to do the job anymore because the margins are too thin to offer competitive pay.
Between the fallout from the pandemic and the escalating tensions in the Middle East (specifically Trump attacking iran), shipping costs and insurance premiums have skyrocketed.
If the trucks stop for even 48 hours, grocery stores go empty and hospitals run out of supplies
Many mid-sized firms are one bad month away from bankruptcy. If this sector actually collapses, society basically hits a standstill because everything you own or eat was once on a truck.
TroXMas 642 points 9 hours ago
Biotech industry has seen waves of layoffs and company closures. The covid money that caused the industry to expand has dried up and investors dont want to wait years for a potential treatment to just fail. Even if successful, there will be no returns for at least several years as these treatments take years to pass through the red tape from the FDA.
Pair that with the Trump administration pulling government funding out of science and we're here with the industry in the worst state its ever been in.
speadskater 2881 points 9 hours ago*
Agriculture. The Ukrainian war created crazy pot ash prices, now sulfur and urea are going through the roof. The US South and South East are in a mega drought and the North is extremely wet. Farmers this year have given up their crops, haven't planted them yet, or are farming for crop insurance. Fertilizer isn't being bought and when it is it's too expensive. Texas, South Carolina, North Carolina, Kentucky, Georgia, and Virginia are all in a terrible place.
Edit: To clarify. Urea and sulfur prices are going up as a result of the Iranian conflict.
Ok_Outcome_6213 11.2k points 9 hours ago
I work in retirement savings and pensions. The number of people cashing out their pensions, including people who are at retirement age, just to be able to afford to live, is staggering.
hbarSquared 1595 points 8 hours ago
The Florida citrus industry. Output has dropped 90% over the last 20 years, and the last of the trees are dying off. They dumped tanker trucks of glysophate into the groves, and while it killed the weeds, it weakened the trees enough to let an invasive parasite take hold.