Supply chain crisis hits world economy

Everything had been going well, the Guardian reported on Oct. 2. A successful vaccination program would drive a post-epidemic recovery in the global economy, stock markets were back to record highs, and prices were rising just enough to make deflationary fears a thing of the past.

But the supply crunch that initially put a question mark over whether there would be enough PlayStation consoles under the Christmas tree is swinging into a crisis involving energy, labor and a shortage of transportation capacity from Liverpool … Read the rest