{"id":3103,"date":"2020-09-21T15:01:07","date_gmt":"2020-09-21T20:01:07","guid":{"rendered":"https:\/\/www.mhisolutionsmag.com\/?p=3103"},"modified":"2020-12-22T12:19:24","modified_gmt":"2020-12-22T18:19:24","slug":"economic-market-analysis-the-past-is-prologue","status":"publish","type":"post","link":"https:\/\/www.mhisolutionsmag.com\/index.php\/2020\/09\/21\/economic-market-analysis-the-past-is-prologue\/","title":{"rendered":"Economic Market Analysis: The Past Is Prologue"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"250\" src=\"https:\/\/www.mhisolutionsmag.com\/wp-content\/uploads\/2020\/09\/Economic_500p.jpg\" alt=\"\" class=\"wp-image-3104\" srcset=\"https:\/\/www.mhisolutionsmag.com\/wp-content\/uploads\/2020\/09\/Economic_500p.jpg 500w, https:\/\/www.mhisolutionsmag.com\/wp-content\/uploads\/2020\/09\/Economic_500p-300x150.jpg 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/figure><\/div>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"689\" height=\"476\" src=\"https:\/\/www.mhisolutionsmag.com\/wp-content\/uploads\/2020\/09\/MHI_economic_barometer_Q2_2016-copy.jpg\" alt=\"\" class=\"wp-image-3105\" srcset=\"https:\/\/www.mhisolutionsmag.com\/wp-content\/uploads\/2020\/09\/MHI_economic_barometer_Q2_2016-copy.jpg 689w, https:\/\/www.mhisolutionsmag.com\/wp-content\/uploads\/2020\/09\/MHI_economic_barometer_Q2_2016-copy-300x207.jpg 300w\" sizes=\"auto, (max-width: 689px) 100vw, 689px\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">The material handling industry first came together during the conflict of the Second World War to form the organization we know as MHI. Amidst the COVID-19 pandemic, the importance of material handling and supply chain has again come to the fore as a necessary precondition of economic growth and a bulwark of national&nbsp;security.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Economists and policy makers have long known that material handling and supply chain are cornerstones of the economy that facilitate growth. But during the COVID-19 pandemic crisis, this is also something that the average American became acutely aware of.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Goods risk awareness<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Concerns about physical access to supplies of food, paper products, cleaning products and other nondurables spiked during the COVID-19 pandemic. Of course, durable goods like vehicles, appliances and equipment are also critical fundamental elements of the economy. But it was the shortage risk for nondurables that made supply chain risks a leading story for weeks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Fortunately, supplies of goods generally continued and this was true, in large part, because of the efforts of essential workers\u2014as well as e-commerce and supply chain infrastructure that has expanded greatly in recent years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s a good thing the supply chain held together; far more important than many people realize.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Stability risks<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There is a famous line from Berthold Brecht\u2019s 1928 play The Threepenny Opera that translates as \u201cWhat nourishes a man? First comes the feeding, then the&nbsp;morals.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is still true today.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Societal stability is dependent on access to food and basic necessities at the population level. This is why national security professionals and first responders alike went into the COVID-19 pandemic shutdown concerned about a need for alpha bravo duty, which is the term for social order maintenance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It means that some leaders were expecting the worst in terms of social order as a result of the COVID-19 pandemic. In short, leaders feared that not only would the economy slow sharply, but that society itself could fracture.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A damaged economy is something that can be repaired even if it takes massive debt and an increased central bank balance sheet in the trillions to do so. But a fractured society that spirals into dystopian horror movie disorder is much more difficult to put back together&nbsp;again.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em><a href=\"http:\/\/www.mhisolutions-digital.com\/mhiq\/0020_anniversary_edition\/MobilePagedArticle.action?articleId=1620110#articleId1620110\">Read More&#8230;<\/a><\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The material handling industry first came together during the conflict of the Second World War to form the organization we know as MHI. Amidst the COVID-19 pandemic, the importance of material handling and supply chain has again come to the fore as a necessary precondition of economic growth and a bulwark of national&nbsp;security. Economists and &#8230;<\/p>\n","protected":false},"author":46,"featured_media":3104,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[262,311,1238,1237,442,1902,312,1693],"class_list":["post-3103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-market-update","tag-economic-market-analysis","tag-jason-schenker","tag-logistics","tag-material-handling","tag-mhi-solutions","tag-mhi-solutions-magazine","tag-prestige-economics","tag-supply-chain-economics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Economic Market Analysis: The Past Is Prologue - MHI Solutions<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mhisolutionsmag.com\/index.php\/2020\/09\/21\/economic-market-analysis-the-past-is-prologue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economic Market Analysis: The Past Is Prologue - MHI Solutions\" \/>\n<meta property=\"og:description\" content=\"The material handling industry first came together during the conflict of the Second World War to form the organization we know as MHI. Amidst the COVID-19 pandemic, the importance of material handling and supply chain has again come to the fore as a necessary precondition of economic growth and a bulwark of national&nbsp;security. Economists and ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mhisolutionsmag.com\/index.php\/2020\/09\/21\/economic-market-analysis-the-past-is-prologue\/\" \/>\n<meta property=\"og:site_name\" content=\"MHI Solutions\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-21T20:01:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-22T18:19:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mhisolutionsmag.com\/wp-content\/uploads\/2020\/09\/Economic_500p.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"250\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Melinda Runkle\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Melinda Runkle\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mhisolutionsmag.com\/index.php\/2020\/09\/21\/economic-market-analysis-the-past-is-prologue\/\",\"url\":\"https:\/\/www.mhisolutionsmag.com\/index.php\/2020\/09\/21\/economic-market-analysis-the-past-is-prologue\/\",\"name\":\"Economic Market Analysis: The Past Is Prologue - 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