The world is running low on everything, in case you haven’t noticed. It isn’t just consumer products that are suffering. Manufacturers can’t keep up with raw materials to make those consumer products.
According to Bloomberg, “Shortages, transportation bottlenecks and price spikes are nearing the highest levels in recent memory, raising concern that a supercharged global economy will stoke inflation.”
In Argentina, the government has intervened by halting beef exports for 30 days to try to control inflation, showing that the government is willing to forego profits to keep the economy from inflating out of control.
The pandemic is only partly to blame for global shortages. Freak accidents such as the Suez Canal blockage and gas pipeline hack have not helped. If ever there was a time to learn to curb consumption friends, this is it!