Are Supply Chain Problems Jeopardizing Economic Growth?
The supply challenges that businesses are experiencing have been making headlines around the world for months. Economic indicators report many bottlenecks causing sluggishness within businesses. Surveys of numerous organizations suggest that, aside from difficulties experienced by business owners, these effects are slowly spreading to the rest of the economic players, leading to increases in sales prices for consumers in some cases. The current situation does not point to a recovery anytime soon; it will be a matter of quarters, not months. This will certainly affect economic growth. Businesses have had to adapt to constraining and changing conditions for close to two years now. Presumably, they have learned a great deal about managing and securing supply chains. What lessons will they have taken away to prevent the current chaos from happening again?
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