Why is there a Global Supply Chain Crisis? // Global Supply Chain Crisis Explained

Описание: Why is there a global supply chain crisis?

In a previous video, you’ve seen why there has been a rise in shipping costs. (Link:    • WHY has there been a RISE in SHIPPING COSTS?  )

The Suez Canal Blockage revealed the fragility of the global transport system.

Now, the global supply chain system is undergoing a tremendous test of resilience following the effects of Covid-19 Variants.

In today's video, we will be looking at the causes of the global supply chain crisis and what this means for consumers and businesses.

Consumers and businesses, namely 94% of Fortune 1000 companies are struggling to cope with the global crisis. From Nandos and KFC running out of chickens to MacDonalds facing milkshake shortages.

However, certain countries' latest exports and output production figures may indicate that we are heading towards the road to recovery. Can we expect an end to this global crisis?

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