PKR's genius boy, Rafizi Ramli should cut off the fancy words and tell us, normal Malaysians what does he mean by READ : We need to spur elasticity in the supply chain as a price control mechanism.
Throwing fools in in a pit full of pit bulls to be shaken
Or strapped to the crossroads of Hell and inner sin
Which trap the sinners in, to cell such in Sing-Sing
I bring Grym tidings, tidal your wave are not exciting.
BEFORE, i explain what elasticity in the supply chain means, let me tell you this. Do expect, prices of almost everything to shoot up between January and February of 2023 .
THE two above factors, are mere internal factors, as we haven't input external factors such as a currency fuel inflation and the solemn state of China due to a fresh wave of Covid 19.
NOW let's get back to what does elasticity in the supply chain mean.
The Council of Supply Chain Management Professionals provides the following definition: “Supply chain management encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third party service providers, and customers. In essence, supply chain management integrates supply and demand management within and across companies
BASICALLY, Rafizi Ramli is gambling that READ : Freight Rates Will Be Coming down in 2023, and as the U.S Bank states one of the financial tools to control the supply chain is to READ : Kill easy money by increasing interest rates.
WITH that folks, expect Bank Negara to be under pressure to raise lending rates come Jan 2023.
BUT, one aspect of the supply chain RAFIZI RAMLI will refuse to touch is one of the most important aspect in Malaysian supply chain context, that being the removal of APPROVED PERMITs which artificially increases price of almost everything in Malaysia from Onions to automobiles.
