I'm not an optimist in today's societal climate, but the rationale [1] stems from peak oil and cultural bankruptcy. Peak oil is (was?) the concern of limited oil production in the face of static or increasing demand. The 2019 peak from big oil wasn't about declining production, but declining demand [2]. Which is good, if the ideal is long-lasting migration to renewables.
I won't try to predict the future w/r/t what current societal trends mean for the long-term success of global supply chains, but I would be greatly surprised if cultural bankruptcy alone causes the complete collapse of society in the next 5-10 years.
[1] http://collapseos.org/civ.html
[2] https://www.bp.com/content/dam/bp/business-sites/en/global/c...