(Lance D Johnson) Top economists at Goldman Sachs now warn of upcoming food shortages, price hikes and an ongoing supply chain crisis that will continue well into 2022. If no solution is found, the supply chain crisis could continue into 2023, affecting the availability of food and other goods, while driving prices up steadily, month after month.
empty shelves
Worsening Shipping Crisis Will Affect Retail Supply Lines and Shopping for Holidays
(Mary Villareal) The world’s network of ports, container vessels, and trucking companies that allow goods to move globally has been tangled due to the pandemic, and the cost of shipping is skyrocketing.