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- The Russia-Ukraine conflict, wider geopolitical implications and renewed COVID-19 lockdowns in China have compounded an already bleak global supply chain situation. Existing restrictions imposed on Russia and the potential for further restrictions continue to impact fuel costs, contributing to the wider supply chain crisis.
www.jpmorgan.com/insights/global-research/supply-chain/global-supply-chain-issues
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Why are global supply chains facing the worst shortages in 50 years?
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How did the global supply chain change in 2020?
Jul 5, 2022 · Global supply chains are facing the worst shortages in 50 years due to the pandemic and the war in Ukraine. The bounce-back in consumer demand, fuelled by federal stimulus checks, has been stronger than expected, leading to additional stresses on supply chains.
Jan 17, 2022 · The supply chain crisis gave the world a glimpse of what a climate crisis would look like if left unchecked. A global climate catastrophe will dwarf the impacts of the pandemic. Its consequences will be felt especially by developing economies that are already suffering relative economic losses three times greater than high-income countries due to climate-related disasters.
Dec 5, 2021 · Ships stuck at sea, warehouses overflowing, trucks without drivers: The highly intricate and interconnected global supply chain is in upheaval, with little end in sight.
- The Rising Cost of Living
- Labour Unrest
- Energy Shortages
- Geopolitical Uncertainty
- Extreme Weather
Skyrocketing inflation has seen households hit hard by rising food costs. Expectations that consumers will have to severely cut back on expenditure this winter has plunged demand for goods and services into uncertainty. This makes it difficult for supply chain planners to accurately estimate in advance the amounts and types of goods likely to be ne...
The rise in the cost of living has also seen workers demand wage increasesto counteract the impact of inflation on their pay packets. Industrial action ups the pressure on supply chains. Striking truckers in South Korea have already disrupted computer supply chains this summer, while UK railway strikes have affected deliveries of construction mater...
Inflation has not only been a problem for food prices, but also energy costs. Rising gas prices and reduced supply from Russia are forcing European companies to look to alternative energy sources like coal, while research from Germany’s Chambers of Industry and Commerce shows 16% of its companiesexpect to either scale back production or partially d...
The invasion of Ukraine is the root cause for much of the energy and food price inflation countries are experiencing at the moment. It has thrown supply chains into disarray this year, fuelling a global food crisis. A fertiliser shortage is also limiting agricultural output in many countries. While some grain ships have now left Ukraine, unlocking ...
Climate change is a much more long-running problemfor supply chains. This year, drought has caused water levels to drop around the world, impacting major shipping supply routes. Low water means ships can only carry a fraction of their usual freight to minimise the risk of running aground. While freight can be diverted to other types of transport, a...
Jul 30, 2021 · The pandemic exposed the fragility of global supply chains. Unscheduled closures of manufacturing and distribution facilities, bottlenecks at borders and sick workers all squeezed supply. Unforeseen consumer behaviour made demand irregular.
Apr 12, 2021 · Pandemic-related disruptions threw a wrench into global supply chains this year, causing shortages of goods. Here’s how it happened.