COVID-19 has whipsawed producers and workers in unprecedented ways in the last two years, taking the U.S. economy from record-high unemployment to the inflation currently afflicting the country. The disarray evidenced in global supply chains is inextricably connected to the recent spike in inflation, and with the rapid spread of the omicron variant it is not clear that these pressures will cease anytime soon.
Few sectors have emerged unscathed from COVID’s impact: industries as varied as autos to lumber, consumer goods and restaurant supplies have felt the pain. Even Amazon, which grew rapidly in the pandemic economy, has found it difficult to meet its on-time obligations and satiate customer desires.
Read Full Article »
