Supply-chain professionals have been sounding the warning bell about the coming talent shortfall for several years now. But who's listening? At a time when the economy at large is coping with high unemployment and sluggish job growth, the notion of a sector that can't attract enough qualified bodies is tough to grasp. Still, that's the reality in the supply-chain world today, and it's only going to get worse.

How we love our information systems, our management theories, our best-laid plans. And how often they fail us. It reminds me of what the playwright and novelist Samuel Beckett once said about his work. "Each time one thinks one starts fresh, new," he mused. "Yet each time one reaches the same impasse. There are many ways to begin, many roads to it, but always the same impasse at the end."

Last week's elections in France and Greece have caused so much economic and political turmoil throughout Europe that the grand eurozone experiment might be on the verge of collapse.

What began as a trickle of stories about challenges to China's supposed economic dominance has become a steady flow. It began with revelations of working conditions at Chinese factories. Soon we were reading about rising wages in the industrial sector - great for Chinese workers, but sure to make the country a less attractive source of cheap manufacturing for the West. Then there was the recent slowdown in China's foreign direct investment, along with the nation's struggle to create an economy that's geared more toward domestic consumption in the service of a growing middle class. Meanwhile, serious questions persist about the stability of China's banking system. And just last week, we learned that China's trade surplus with the U.S. is rapidly shrinking, as the country wrestles with the consequences of a stronger yuan.

You could call inventory and warehouse space the twin evils of the supply chain. Both are big drags on the balance sheet. So it should come as no surprise that the two categories are lagging the recovery - or what's passing for one.