Posted 6/19/2022 10:22 AM (GMT 0)
Prato, what we are seeing is the end result of the current version of Lasse-Faire capitalism, where businesses (a) consolidate and form monopolies in pretty much every good and service and (b) make shareholder value (ever increasing stock price) their only consideration.
It forces finding the least-cost solution to all forms of manufacture and supply, it allows the producer of a material or product to determine what 'essential' means, and it allows said producers, particularly in specialty areas like chemical manufacture, to build the majority of their production facilities in third world countries to specifically avoid both environmental and other regulatory safe practices and pay as little as possible in wages.
It doesn't matter whether it's about critical medical supplies or air conditioner brackets. It all part of the same thing: minimize production cost and maximize profit is the only thing that matters, literally. Back in the day, Vanderbilt famously said, "the public be darned!". It's no different today.
"Supply chain problem" has become the latest buzzword. What it really means is that somewhere along the path, there are one or more disruptions. It could be that the facility that makes the product can't get raw materials, or they don't have enough people to run or maintain things, or they've had a facility breakdown and can't get the parts they need to fix it, or any other of a myriad of things.
What my cynical self knows for sure is, the problem has been years in the making, and fixing it is going to take years as well. Even if some new regulation came into effect tomorrow to require the producer of contrast dye to move production back to the US, and to then manage things to prioritize supply for the US market, it would take a significant period of time to actually make that happen: plants would need to be built, or modified, at significant expense. It wouldn't happen at a snap of a finger.