How global supply chain issues are affecting economies - Digital Planet

How global supply chain issues are affecting economies

global supply chain issues

With the pandemic beginning to ease and a sense of hope filling the world, industries across the globe are feeling the stresses of a spike in demand from consumers. As more countries begin to ease Covid restrictions and life returns to normal, customers have an increased appetite for spending. This is beginning to affect global supply chains, which coronavirus scares help to exacerbate.

A brief scare in southern China caused export delays for the country as the government quickly took action to halt the spread of the virus. While this incident was quickly controlled, this type of delay can aggravate issues already causing global problems.

The UK populace was recently warned of a shorting of camping equipment due to supply chain issues. This microcosm is one example of a problem having far-reaching consequences in society.

The global chip shortage is possibly most famous for causing issues for releasing the most recent console generation. Scalpers reign supreme and online bots purchase every item available before a human customer has a chance. This issue has plagued online shopping for years. Recently the UK government responded, saying they were looking at expanding scalping protection to help prevent this from happening.

However, the chip shortage affects far more than game consoles. Ford recently had to halt production of their most popular vehicle, the F-150, due to a lack of chips needed for the car’s production. This move could potentially lose Ford millions of dollars, but they have no other choice due to global supply chain issues.

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Markets across the globe are being rocked by global issues that continue to develop quickly. The effects of the pandemic will still be felt for years to come, and the full impact may never be known. Even as the US invests in local semiconductor manufacturing, global market supply chain issues will still run rampant and wreck-havoc.

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