Supply chain chaos takes a toll on post-Covid global recovery
The efforts of world economies to recover from the pandemic created a demand boom that global producers and transportation systems cannot meet.
The Covid-19 pandemic continues to wreak havoc on global supply chains, with many countries suffering from a shortage of raw materials, energy, and final products, further disrupting governments’ post-pandemic recovery plans.
From China to the US, many sectors are experiencing shortages of everything from coal to toilet paper.
Before the pandemic, the demand for chips was already rising due to 5G technology. The pandemic further exacerbated the shortage as people started to work remotely and spent more time in front of televisions, computers and game consoles.
The disruption caused by the pandemic is being felt in several ways across the world. Here are some countries that have suffered from various shortages:
CHINA
China is enduring a worsening energy crunch as power prices hit record highs in recent weeks, which is expected to affect the world’s second largest economy and top exporter.
