Major Asian banks have shown great interest in CBDCs as reports show collaborative efforts by Thailand’s, Hong Kong’s and China’s central banks to create a digital ledger technology (DLT) for a CBDC prototype designed to bridge cross-border gaps. https://cointelegraph.com/news/asian-cbdc-projects-what-are-they-doing-now

Continuous rainfall for more than ten days has caused the lower reaches of the Luo River in China’s west to spill their banks. Large volumes of floodwater released from upstream have destroyed two dams in one county, and villages are flooded. Local jujube growers and those in animal husbandry have suffered serious losses. https://www.theepochtimes.com/flooding-in-west-china-destroys-agricultural-production_4050113.html?utm_source=partner&utm_campaign=ZeroHedge

One of Brazil's largest insurance groups, Porto Seguro has reported it suffered a cyberattack that resulted in instability to its service channels and some of its systems. The company is the latest of a list of major Brazilian organizations suffering major security incidents over recent weeks. Earlier this month, CVC, one of the country's largest travel operators, was hit by a ransomware attack that brought its operations to a standstill. https://www.zdnet.com/article/brazilian-insurance-giant-porto-seguro-hit-by-cyberattack/ #ICE9

Customers of Ecuador’s largest bank continued to experience service disruptions on Friday following a cyberattack on the institution several days earlier. Long lines formed outside Pichincha bank branches and thousands of customers took their complaints to social media. People reported being unable to access services offered by the bank's online and mobile app. https://abcnews.go.com/International/wireStory/cyberattack-disrupts-services-ecuadors-largest-bank-80607755

Protests in Italy over the country’s new COVID-19 rules for workers spread on Friday to several of the country’s largest ports. While reports vary on the level of disruption, workers at three of the country’s major ports were reported either on strike or staging protests calling for the government to either pay for mandatory testing or drop the so called “Green Pass” restrictions. Another unresolved issue under the new regulations concerns the large number of foreign truck drivers who service the ports and transport shipments across the country’s borders. A spokesperson for Italy’s logistics association said they feared 30 to 40 percent of drivers might not show up for work. https://maritime-executive.com/article/protests-over-covid-regulations-for-workers-spread-to-italy-s-ports

The UK's shortage of lorry drivers had led to supermarkets receiving fewer deliveries of products, so when they sell out of a particular item, it now takes longer for the gap on the shelf to be refilled. "The impact of the driver shortage is felt across the entire supply chain, all the way through to the last mile – where consumers are faced with fewer choices at checkout and longer delays on their deliveries due to retailers' struggles to keep their warehouses stocked." https://www.express.co.uk/news/uk/1506970/uk-food-shortages-full-list-areas-worst-affected-evg

Uzbekistan is hoping to rent up to 1 million hectares of land in Russia to grow wheat, soy, and oilseeds there. Uzbekistan produces about 6.6 million to 7.6 million tons of wheat a year and imports some 3 million tons, though imports have reportedly swelled to 3.7 million tons in 2020-21. https://www.rferl.org/a/uzbekistan-wheat-shortage-russia/31512890.html

Disruptions to transportation of coffee around the world, caused by container shortages and port congestion, will likely keep coffee prices high for a longer time since they make it more difficult for the market to rebalance supplies geographically. https://economictimes.indiatimes.com/small-biz/trade/exports/insights/shipping-disruptions-to-keep-coffee-prices-high-for-longer-say-experts/articleshow/87055486.cms

There’s a widening scarcity of essential raw materials for aluminum used to make automobiles, building supplies and food preservation canning that threatens to worsen a supply squeeze that already has pushed U.S. prices close to all-time highs. https://finance.yahoo.com/news/aluminum-makers-sound-alarm-u-223623072.html

According to the Green Markets North America Fertilizer Price Index, the cost of fertiliser is currently at a record high, eclipsing its 2008 heights recorded during the last strong inflationary episode. Analysts are forecasting the cost of US corn production to increase by 16 per cent. With more fertiliser plant closures possible as producers attempt to come to grips with rocketing gas costs, fertiliser prices may continue to head even higher. https://www.news.com.au/finance/economy/australian-economy/rising-fertiliser-and-energy-prices-could-hit-aussie-supermarkets-hard/news-story/b55905302f02b6336229e73b9782514c

USA - The water has been temporarily shut off on a portion of Robinson’s land. In exchange, he’s receiving $909 this year for each acre of farmland left dry and unplanted. The water is instead staying in Lake Mead, near Las Vegas, to help slow the unrelenting decline of the largest reservoir in the country. https://www.chronline.com/stories/as-drought-worsens-california-farmers-are-being-paid-not-to-grow-crops,275411

ASIA- Philippines - The Association of Feed Millers Inc. (PAFMI) sees importation as a band aid solution or the “the best route to take” at the moment as Severe Tropical Storm Maring destroyed a significant amount of corn output. The DA was so far able to take into account 60,195 affected farmers and fishermen. For corn, as much as 8,624 metric tons (MT) of production was already wiped out, while 7,830 hectares were damaged. https://mb.com.ph/2021/10/18/farmers-see-importation-a-band-aid-solution-as-maring-destroys-corn-output/

Sinclair Broadcast Group Inc., one of the largest owners of broadcast stations in the U.S., said it is working to contain a cybersecurity incident that disrupted some of its networks and had some of its servers and workstations encrypted with ransomware. https://www.wsj.com/articles/sinclair-says-it-was-hit-by-cyberattack-11634563871

Reports of multiple ports on blockade in Italy continues. Expected supply chain delays. https://t.me/MeteoraNews/334

A reply to https://t.me/TheParadigmShiftChannel/165

A global supply chain crisis is brewing, leading to a full-spectrum shortage of essential items. This is the result of mass centralization, where policies are dictated and synchronized by the aristocrats of the New Normal. If the problem is not a lockdown, then it is a dearth of raw materials. If ports are ready to unload raw materials and finished products, then truckers are unavailable to pick them up. If truckers are available, ports are unable to process freights. https://www.rt.com/op-ed/537664-supply-chains-shortage-crisis/

Power shortages are turning out streetlights and shutting down factories in China. The poor in Brazil are choosing between paying for food or electricity. German corn and wheat farmers can’t find fertilizer, made using natural gas. And fears are rising that Europe will have to ration electricity if it’s a cold winter. https://www.msn.com/en-us/money/markets/energy-crunch-hits-global-recovery-as-winter-approaches/ar-AAPHD9c

Acer has confirmed yet another cyberattack on its servers in Taiwan after their offices in India were hit less than a week ago by the same group. The Desorden Group said part of why they conducted the second attack was to prove their point "that Acer is way behind in its cybersecurity effects on protecting its data and is a global network of vulnerable servers." https://www.zdnet.com/article/acer-hit-with-second-cyberattack-in-less-than-a-week-this-time-in-taiwan-offices/

As Russia continues pushing de-dollarization, the Ministry of Foreign Affairs (MFA Russia) is reportedly considering replacing the United States dollar with not only traditional fiat currencies but also digital currencies. https://www.today.ng/news/world/russia-aims-replace-dollar-reserves-digital-assets-long-term-394884

CME wheat futures gained more ground on Tuesday, with the market climbing for a fourth consecutive session as tightening global supplies underpinned the market. https://www.agriculture.com/markets/newswire/grains-wheat-rises-for-fourth-day-on-tightening-world-supplies-soybeans-firm-0

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Price hikes by exporters come on top of record shipping costs -- mostly paid by importers rather than manufacturers -- which are almost 300% higher than a year ago, according to maritime advisory and research firm Drewry. For years, China’s factories have acted as a brake on global inflation as they cut costs to keep foreign customers amid sluggish demand and competition from up-and-coming manufacturing rivals like Vietnam. https://www.msn.com/en-us/money/markets/double-digit-price-hikes-on-china-exports-add-to-inflation-risk/ar-AAPIIXM?pfr=1