Categorie
Global Economic Recovery Supply Chains

Supply chain disruptions and bottlenecks dampen the global economic recovery (Otaviano Canuto, Center for Macroeconomics and Development)

Scarcity of inputs and goods has been felt all over the world because of disruptions to global value chains since the beginning of the pandemic. Factory closures in China at the beginning of 2020, lockdowns in many countries and, subsequently, congestion in logistics networks for transporting goods, capacity constraints in the face of sudden increases in demand, and labor shortages, have combined to negatively affect the availability of inputs and products worldwide.

Supply Chain Disruptions and Bottlenecks Dampen the Global Economic Recovery – Center for Macroeconomics and Development (cmacrodev.com)

Categorie
Supply Chains

Why Are Supply Chains Blocked? (Michael Spence, Project-Syndicate)

Supply-chain disruptions are severely hampering the global economic recovery. It is a strange situation in many ways. The types of products and services affected by delays and shortages – including a wide range of intermediate goods, from commodities to semiconductors, and the final products that depend on them – resemble what one would see in a wartime economy. And the disruptions took us largely by surprise.

Why Are Supply Chains Blocked? by Michael Spence – Project Syndicate (project-syndicate.org)