ah, with this is boom, bought the one business show you care to coordinate the average of boron wash again, here's what we have coming up. supply chain issues are straining prices and inflation across the globe. but how long could the situation drought will bring you in depth analysis? and the world economic forum has issued a warning that cyber attacks could threaten the world's economy to any other major issues like climate change. we'll dig into that issue and we gotta pack, so today, let's dive right in. and we leave the program in the united states with a story that has been dominating headlines that nearly every major publication here reminiscent of what we saw at the onset of the coven. 19 pandemic photos of empty

shelves and local supermarket have been pretty much everywhere. recently, shortages that us grocery stores have become more and more common in recent weeks as the i'm a crown variant and a series of weather events have piled on to supply chain constraints and the ongoing labor shortage for more on this issue. and what we can expect moving forward. so to archie corresponded paxton boyd. shields are empty. a beef chicken eggs, fruit and vegetables even non perishable items, hard to find in some grocery stores. now in a normal year, 5 to 10 percent of food items may be unavailable today, roughly 15 percent are out of stock. that according to jeff freeman, president and ceo of the consumer brands association, official say things may not get better for the next 12 to 18 months. now there are many reasons for this including an increased demand for groceries with families choosing to eat at home during the omicron search. as we saw here in the dc metro area last week, winter storms have affected major interstate and

a shortage of as many as 80000 truck drivers are out nationwide. that's a historic high according to the american trucking association. because of this experts say to expect price hikes and food shortages similar to what we saw in 2020 . now here's what you're seeing as a result on tuesday, wal mart kroger and albert's in stocks dipped. albertson's taking the biggest hit, indicating a trend among major grocers being affected by the supply chain issues. also, the strips to the grocery store going to cost consumers even more with inflation. soaring to 7 percent for the 1st time and for decades. now with the united states seeing more than 700000 cases of coven 19 per day, on average during this omicron surgeon, slowing down food manufacturers and causing grocery store workers to call out sick . and we heard reports from companies talking about. they've had more positive tests in the past 2 weeks than they had in all of 2020. those positive text tests are taking people off the front lines. it's forcing companies to shut down

manufacturing lines preemptively. and it's leading to just simply not enough supply . now, expert se store shelves may not return to normal until this pandemic, let's up staffing returns to normal and the global food distribution network is restored. for our t america on paxton void in washington, dc says, sticking with strain supply chains, retailers in the united states are facing yet another round of slowdowns in sales. at the i'm a convent continues to spread. the drastic certain cases is driving people back indoors while companies say it's causing staffing shortages and labor constraint making, supply chain issues even worse. archie correspondent, 20 chavez has been following the story and filed this report. the i'm con, variance, indenting, retail sales and leaving stores and distribution centers understaffed, leading to reduced operational hours. macy's, which operates $516.00 full line, macy's department stores and $33.00 bloomingdale shops, was forced to cut at store hours at all of its locations and made the search of of

the cases. lehman also said sales in the november to january quarter will come out on the low end of its previous expectations, due to short store hours at some locations tied to the labor constraints, while abercrombie now predicts that net sales in the january ended quarter will be down to percent compared to 2019 levels. it previously forecasted that the net sales would be a 3 to 5 percent. on a 2 year comparison, the company, c, e o, fran harowick said in a statement, we do not have enough inventory to keep pace with customer demand, resulting in lost sales. during the peak holiday selling period, some forecasters have expressed concern that om crown could exacerbate tightness in the supply chains and labor markets, already stretched thin by pandemic conditions. according to newly released employment data companies have been competing for limited full of workers in november alone. 4.5000000 americans quit their jobs and while employers have added a 199000 jobs and december slowing, job growth in recent months has made it difficult for companies to find workers. as

labor supply remains tight. and while many major retailers like wal mart and home depot, we're able to sidestep a lot of the supply chain issues at smaller retails like gap here in new york city, simply told customers that they may not have enough inventory in store during the holidays. in new york trinity trav as r t a, with all of this in mind, let's go ahead and take a look at exactly what is happening with supply chain with boom bus, co host, christy i and kevin jackson, the host of digital transformers at supply chain. now, thank you both for joining us as always, kevin, i want to start with you on this. when we look at these supply chain issues, it seems as if there is kind of this perfect storm of things happening. we have a highly transmission transmissible our micron, very it a labor shortage due to the great reservation, a shortage of truck drivers and now in the height of the winter months, severe weather events. so what are you seeing as the current state of supply chains right now? oh, thank you very much to have the own again. and one thing you,

you didn't mention inflationary prep, it name, brand dates and, and parents that need to deal with this on again off again in person's phone and home schooling challenges. all of these are really making a horrible soup for the workers. supply change. yes. off, fragile, but don't confuse our current state with where we were last year. last year, we were dealing with the dual shock of carefully extended supply chains and crashing domestic inventories and fear of unknown pandemic dangers. today, we have affected vaccines and a better handle on the science that we're dealing more with human management issues and economic repercussions call has been part from sharp bisco stimuli and, and pervasive this information was actually happening. what we need now more than

ever is to reduce societal fears, an overreaction that we may be seeing in the marketplace. absolutely. our christy, we've been talking about supply chain issues since basically the onset of the pandemic, as kevin actually rightfully mentioned, although the issues have changed throughout that time. if you go to the supermarket in some areas shelves look like they did in the early days of panic by, as people worried about widespread locked out. you know, how are these factors keeping shelves bear that all the things that we've talked about? i've talked about it, haven't talked about their while. yeah. the goal, the supply chain disruption really never got fixed from the beginning. it just continue to live, gone in the background. so there's still the congestion at the port and still you have the shortage of the truck drivers and service workers despite the fact that now ports are 24 hours, those didn't really fix anything. they sort of alleviate but not really. and on top of that, there are panoramic trends as well. things like 40 and stockpiling items like paper, good, 10, sanitizers cetera. so americans are also eating more at home than they used,

especially since offices and some schools have to remain closed. and psychologically, as consumer see their favorite items out of stock at the market, they switch back to the stockpiling mentality immediately. so brands like costco have now put limits on purchases, a certain items like paper. and then on top of that with certain items they define many are now costing even more with package, with full size, with inflation, of the prices of goods rising with inflation and also shrink place with the actual packaging and the total both of the goods that you're buying actually showing as well. that's interesting. i do every, every now and again. you mentioned shrink. place christie, that always. i'm always like that's the point that is one of the big points that we talk about. kevin, i want to go back to your initial points there before we get to the kind of the next topic that i want to hit on there. because you mentioned all of these new factors and it's sometimes, you know, i don't want to be crap when i'm talking about these issues. but the fact is,

we're 2 years almost into this pandemic. and when it comes to anything, and this is obviously the side, but when you look at how hard it is, even just get a test in the united states right now. it almost feels as if we didn't learn anything from the last 2 years on how to handle this or even start to be able to adapt. well, yes, we have learned a lot, but adaptation takes time and that's something that we never have had the luxury of doing. it also requires a real change in the way we view our economy and we're moving faster than ever. moves before with respect to communications consultant, that the change of the products and services that we really want to consume and what and what consumers expect has risen their expectations continue to rise.

so yes it's, it's hard to change and to, to cope the new normal. but we've learned a lot and we've got, we're are getting better, but we'll continue to change the way it went. it went back and was doing his package there. he mentioned about the fact that, you know, analysts are now looking at 12 to 18 months before these supply chains might be able to get back on track. haven't, i mean, what's your insight into how long it might take before we get back on to some sort of track here? well actually i think that's about right as, as the goal trade system cerros in this, into this new long technology will be used to greatly improve the supply chain visibility and the flow of related information about the supply chain. these investments take tom to actually get the funding in place and to implement these changes, but these will help fill up the shelves and hopefully reduce the rapidly growing

inflationary pressures that really are threatening the budget at home. we also need to avoid this rate retrenchment from global economics. the world economies are intertwined. we have no choice but to actively engage with friend and perceived pose a what we are on this globe together and we are really a global society. so trade and economics will continue. absolutely, well, kersey, i got about 30 seconds. let me give you the final word in a 2nd. i. yeah, i think that's absolutely right. and the thing is right now the u. s. economy, it's still a really strong consumer demand. still remain strong, and as such me, we still are receiving records amount of imports constantly. so it is going to take a net $12.00 to $16.00, perhaps even 18 months to play out these ports because with the continuous

shortages and weather and pendant. and also the fact that we are on pace for record invoice by exports to decline. this is just going to make the entire decouple as ation a lot more difficult actually. boom bus, co host, christy i. kevin jackson, host the digital transformers that supply chain. now, thank you both for your analysis today. thank you. and as we just discussed in place and continued to run ramp at the consumer price index, jump 7 percent in december compared to the previous year. this is the highest rate of inflation since 1982. i know you probably sticky hearing that at this point. now, as the u. s. federal reserve looked at the timeline for pulling back at the monetary policy bed chair jerome power on tuesday, actually spoke about how supply chain constraints were affecting inflation during its confirmation hearings for his 2nd term in his role. elevated demand, particularly in a part of the economy, the good sector, the durable, good sector, things like washing machines and cars and all of the things that people bought during the support of the pandemic when they couldn't spend money on travel and

services. that's where there's spending is running at a level 20 percent above where it was before the pandemic. and it's just kind of overwhelmed the supply chains and most of which are global in these days, you're getting parts and fully assembled products coming in. so we can, we can affect the demand side, we can affect the supply side, but this really is a combination of the 2. and as we've been getting a whole host of economic data this week, the us labor department reported producer prices rose 9.7 percent in december, year over year. this was the biggest increase in the government started actually tracking this metric in 2010. so it's all raises the question, just how closely is the central bank i supply chain issues and what can actually be done on their end. joining us now discussed is the one and only former fed insider and theo will intelligence danielle dean martino, bu, data, always a pleasure to have you on the program. you know, with all of these factors we've talked about in recent months, pushing prices up,

how much of an impact have the supply chain constraints had on inflation as a whole? so i think that the supply chain story, the narrative, if you will, is something that actually goes all the way back to the 1st trump tweak it. started the trade war with china. so this is been a slow build in the u. s. economy that then exploded after the pandemic hit and become much became much worse. but i think we have to bear in mind that the, even, even as bad as this morning's print was going 9.7 that rounds up to 10 percent. wow, that's a double digit number. the month over month increase in producer prices was not as much as what was expected. and i dare say that a lot of american manufacturers have moved. they've been badly burned by the supply chain disruption and they've moved away from a just in time inventory system to a just in case inventory system. and we are indeed starting to see indicators in manufacturing surveys that inventories have begun to build. so to, to cheer power point, i think that we could see alleviation on the supply disruption front here in the

medium term, that's not going to do anything to effect grocery inflation. the fact that manufacturers still need to pass the cost through to consumers for what they've been eating in terms of the supply chain disruption and, and worst of all rental and housing inflation. you know, i don't want to make light of the situation because there are a lot of factors and a lot of factors that are very bad. i mean, when you look at what weather can do to people what the arm across very, it could do to people, people being out of work or people not being able to work for that matter. and you don't want to make light of those situations. but it just does kind of show how fragile our supply chains are. and when you look at news throughout the world there, you know, where there could be something like war or, you know, other geopolitical issues that could make this even worse. i mean, just how bad can this get? well, it can get worse. look, we've got, we've, we've, we've got huge negotiations coming up in long beach, in los angeles. the workers at the port, their, their contract expires,

september. the 30th the blacks one event might not be a container getting stuck in the suez canal. it might be something a lot closer to home to where as they've done since $990.00 these port workers go on strike. and that could completely slam the supply chain, just as many just as retailers is starting to try and stock up for the holiday for the back to school and the holiday season. so there are any number of wrenches that you can throw in, but again, i would step back and look at the growing inventory numbers. and the slowing that we're seeing in the economic data for the united states, which is evident in the bond market and how badly stocks got hit today. i think that there are, did i think that there are tensions right now between the demand that j. powell describes dissipating in terms of households and the supply chain disruption. i mean, when he says to it seems odd when he says, you know, we could take care of demand, basically say, we'll put less money into people's homes. but we can't do anything about the suppliers because that's what he was saying, right?

that is basically what he was saying, and he's actually referring to the fact that, that, that january, the 15th is going to be the 1st month since july, that american families have not received the child tax credit in cash. so there is indeed some demand destruction coming down the pipeline of the, of the fiscal nature. and the fed can try and slow the economy by tightening policy, by raising interest rates on march 16th when it sounds like a lot of fed officials would like to pull that 1st trigger. but the question of, of actually impacting the supply chain. he's right, there's not that much he can do about it, but american companies can and they can build up, they can stockpile more than they need. and we could end up talking about this 9 months from now how it's become problematic. you never know. absolutely, do you know, i apologize, but i have up against the break. i have so much that i would ask a good deal that has got a good while brainer out of the hill today, but we'll get to that next time we have you on absolute insider daniel dean martino booth. thank you so much. thank you. and time now for a quick break,

but when we come back cyber tax, we're one of the highlights that dominated the year. and now new reports are predicting that it's the trend that is here to stay. we'll discuss that's going to break here. the numbers that the quote with over the past 2 and a half years, russia, nato agreed on very little. if anything, however, both agreed to meet for a high level midi and they did in brussels. both sides made their case, nothing was really resolved. lots of words. what happens next? maybe action july, an annual festival in st. petersburg dedicated to dust i. f ski, a great writer,

thinker and psychologist. people often tend to his work to understand russia and russians, perhaps even themselves. think what they sing on, what are you sick with? why do you need that? changing a rita transforming them as they read? that's a dust i ask is unique ability to stay ascii wants to tell us you can better yourself . he makes you face your true self or with beyond conventions, rules of schemes, beyond boundaries and time dust. a aski is a global brand whose classics, as everyone knows, i'm never out of style with a so called and has interrogation techniques is by the u. s.

officials were basically designed as techniques to break down the human mind. if you force a human being to stay in a certain position doesn't take very long to the pain involved, to become absolutely excruciating, but nobody's lane finger on you. you are doing it to yourself. we started adopting those techniques when i was station and mortal among them were stress, possession, sleep deprivation, inducing hypothermia. there's already beginning to be evidence that these old techniques are now being used on immigrants and children, whatever you do in war comes home. nobody has been held accountable for the torture that happened in the past. the moral authority, the made america world leader sacrifice. but the shimmer of effective interrogation

ah the welcome back. we already knew it was a devastating year for cybersecurity in 2021 with high profile ransomware attack spending major infrastructure like the colonial pipeline and j. b. s. meet in fact, cybersecurity firm checkpoint, research relief, new data that we show here with a record breaking year for cyber attacks among its customers. in a release about the situation, the company's research manager wrote, quote, last year we staggering 50 percent more cyber tech per week on corporate networks compared to 2020. and as he points out, that a significant increase. adding the log for j vulnerability made things even worse to close out 2021. things are so bad. the world economic forum issued its own

report tuesday thing. cyber threats are emerging risk to the global economy. so let's go ahead and take a look at this with this warning that is the day which got chauffeur, ceo of berkeley very tronic system. scott, pleasure to have you back on the show. i want to start with the, from the world economic forum. they're pointing out to the fact that the pandemic forced people to work from home making remote log in and things that like more common i was this adding to cyber threat. well, it's kind of a difficult issue because it's so many different things that fiber criminals can now do. they can target people at home much better than they can at the office. if you think about the job you've got it. they've got things in place to keep you safe when you're at home, and a lot of people went back home in this next way. but with the pandemic suddenly remote access is a huge problem fishing scams. huge problem ransomware attacks are on the uprise as

you, as you mentioned there, it's getting worse and worse on unsecure network connections at home, you're using your home, why fi router? you probably don't have it configured securely with w p a to w p a 3 encryption set. you don't have a strong password as you do, and it's not managed as well at the office employees, they can't spot skims. why? because at home, you're distracted. the guy's delivering an amazon package and the dog's barking in the background. they're not as focused and concentrated on keeping things safe. still weak passwords not using to factor authentication. they're using their own personal devices. so there is a ton of reasons why working remotely just opens everybody up to more vulnerabilities that can be exploited. and you know, we know what the obvious economic consequences for something like what happened with the colonial pipeline, obviously, or even what happened with cosette. but what else is there to the threat to the economy that they're looking at? well, just think about ransomware tax alone, which is one of the,

the biggest sectors that's growing, growing 60 percent of small businesses when they're victimized by a ransomware attack, within 6 months, they close. that means all those employees are out of jobs. the company goes under . it's that big of a devastating effect. if you look back to a couple years ago, the average ransomware power was about $5000.00. you look last year, the average power was well over $200000.00. so cyber criminals are making a lot of money and they're putting a lot of people out of business. now there's always that talking point that we hear that the cyber criminals, they're more sophisticated leaving those who are actually trying to protect against them, way behind. why are we able to keep up with all of this? i mean, you know, it feels like in the movies that i hate always use that allergy, but you have the hackers that they hired to do security for the company. so that way we would never say the thing that doesn't seem to be the case. now it will think about it this way. for a cyber criminal, they gotta get it right one time,

that's really all they gotta do get it right once. where's the good guys us, you gotta get it right. every time from preventing them from getting in. that is will really difficult. the other thing, cyber criminals do, they're very deaf that as they share information. so when, when they've got a trick, when they've got the next train of now, where they're going to share that with another cyber criminal, the communication using automated tools to help and all that in real down in the dark, where most of it for free. whereas private and public sector, we're not sharing information really well. it's protected, it's quiet. the government's not sharing enough with what's going on in the industry. and that that lack of communication is making it really difficult for the good guys to fight off the cyber criminal. so i predict it's going to get a lot worse before it gets better. i mean that's such a concert, a warning, but i feel like i agree with you at this point that would handle the last point. i weigh about 32nd for your answer, but you know, cripple currency is obviously always thrown in there because that's how they're getting paid now. but they used to get paid in bags of cash. that's how the

criminals did it as well. so it's a library as crypt currently, really making cyber crime worse? oh yeah, it unfortunately is when think about just in the general sense. what is crypto currency? it's allowing them to have no intermediaries. there's no bank, there's no middle men. nobody that contract that gives a degree of anonymity which is ideal for cyber criminals. you can't chase them down and catch them, which allows us to really thrive. it's difficult to survive with crypto currency really taking on by such a storm, especially with ransomware. i mean, i totally get that point, but i think there obviously has to be some middle ground because it seems like crypto curtsey is definitely here to stay. if you watch the show, you know, we cover pretty much every day. it's got show rusito, a berkeley very tronic system, always appreciate having you on the program. thanks from me back. that's it for the time you can get boom bus on demand on the portable tv app available on smartphones and tablets. google play in the apple app store by searching portable tv. portable tv can also be downloaded on samsung, smart tv, or roku devices,

or check it out at portable dot tv. what's the next step in with? yes me, i'll give you know, look good screen for you. at least the typical there's only 9 but already diversity . students that away and flash a new, much appointment. let's see. yep. you got the last, there's doors to deal with the media and local. choose a pepsi tech team come up just so the face with the human come come over to close. he will show control such programs.

now. bush, 19 percent and of course with i will say, yeah, i said i was thinking what the plan was to get up to him was in your mind it was i'm dealing with that he with his teacher was reason this one is a good better survival guide and the federal reserve a oh heck, no. what with the rest, the 7 years. so with the report,

oh, we have recently of course, the un, sorry, didn't the united states talking about human rights talking about press freedom. if you go to the top, you don't want the other way. she's going to be consistent. you can start over on the one hand we believe in press freedom, but on the other hand we're going to exclude julian. massage and i think to hear christy nodded stations. choice is what really makes a lot of people really mad about the caching turning here in australia where they just don't understand them. right. one to start in citizen which comes down with now we have e cigarettes. i just heard that it was a healthy alternative to cigarettes and do we trust tobacco companies with their message that these new products are actually going to reduce? are these are making the tobacco tours

ah, the wish to when to far less the frank in violation of old international obligations and common sense they chose to escalate this situation. russia is foreign minister does not hold back during his annual press conference with one topic dominating thought nato expansion to regular roth once again outline moscow's red line also ahead in the program. but the i was reportedly being training elite, ukrainian special operations teams on us. her a trait of the mid mounting tensions with russia, with yet more twists in the survey involving tennis superstar novak brokovich, the world number one's visa is revoked. once again by us trillion. meaning he could face a 3 year entry bond, but it's still scheduled.