Remember this past May when a large water pipe burst in the Boston area? Hundreds of thousands of people were without water for several days and cleaned out store shelves of all available bottled water.
Fortunately, that was a localized situation and was soon remedied. But there’s another side to the coin.
We often hear that we have a global economy. And that can work against us. For example, the other day a news item said a major auto plant in this country had to shut down for a while because they couldn’t get parts from Mexico. Damaged bridges caused by Hurricane Alex is to blame.
What will happen if there’s a disruption in the supply chain from which we get our groceries or the many other items we take for granted are going to be on store shelves every day? Whether hyperinflation is the cause or whether it’s something else altogether, how prepared are you with storage food and water?