To meet the shortage of supplies from America, due to lack of shipping, the representatives of the different supply departments were constantly in search of available material and supplies in Europe.
Sentiment: NEGATIVE
There are supply chains that exist in China and Asia now which the U.S. simply can't replicate.
The bulk of extra supplies that could be put into the market come from two places. One, they come from other Persian Gulf suppliers, of which Saudi Arabia is at the top of the list.
The countries of the American continent and the adjacent islands are for the United States the natural marts of supply and demand.
A shortage is a sign that somebody is keeping the price artificially lower than it would be if supply and demand were allowed to operate freely.
Supply always comes on the heels of demand.
As scarce as truth is, the supply has always been in excess of the demand.
America is becoming more and more dependent upon imports from foreign manufacturers than we are exports from our country in all fields: in appliances, in clothing, even food. This year America may become for the first time in its history a net food importer.
The shortage of buyers, which the world is suffering from, is readily understood, not as due to people not wishing to obtain possession of goods, but as people being unwilling to part with something which might earn a regular income in exchange for those goods.
We were talking about really getting Europe on its feet. It was our hope that there would be a breakdown of trade barriers in Europe first, and then eventually a breakdown internationally, which would help increase trade with Europe.
There is a supply for every demand.