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EconomicToday

Enthusiastic about damaged provide chains

That’s the subject of my latest Bloomberg column.  Right here is one bit:

Most basically, some key nerve facilities of the world economic system have been hit by a mixture of Covid and dangerous luck, particularly within the latter a part of this yr. Transportation, vitality and high-quality semiconductor chips all are experiencing huge issues on the identical time, for causes that are distinct but broadly associated.

And:

This mixture has fueled value inflation. The demand is hitting the market, and the provision can’t catch up. And it’s not only one downside that has a straightforward, direct repair, however slightly a collection of interlocking paths of financial chaos and delay.

Don’t count on all your Christmas purchasing to run easily!


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