Supply Chain Crisis Continues to Effect World Economy
This article discusses how many signs pointed towards a full supply chain recovery following the coronavirus pandemic. The outlook was so positive that deflation was seen as a problem of the past. However, a full-blown crisis of energy shortages, labor, and transport problems are beginning to be experienced throughout the world. Further, Mohamed El-Erian, president of Queens’ College, Cambridge, says that “Governments are having to rethink quickly because the three elements – supply side, transport, labour – are coming together to blow a stagflationary wind through the global economy.” Problems within the car manufacturing industry are a result of this supply chain failure, and more industry disruptions are expected to follow. No matter the industry that you operate in, be on the lookout for more details surrounding this problem.
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