Product shortages, delays and corresponding price spikes have become a fact of life in America since the pandemic started. To end it, either demand has to go down — which could be rough — or supply has to go up, which means we'd have to wait it out.
," born of the COVID calamity, likely will require another huge disruption before we get back to normal.Product shortages, delays and corresponding price spikes have become a fact of life in America since the pandemic started. To end it, either demand has to go down — which could be rough — or supply has to go up, which means we'd have to wait it out.
Case in point: Intel is building $20 billion chip factories in Ohio and Texas. But both will take a few more years to come online. Until then, the U.S. remains desperately reliant on foreign chips. There's a catch with both scenarios. For example, if people buy less stuff because inflation gets so out of control that they can't afford things anymore, that'll be even worse than our current situation.
A recession would likely slash demand for goods — a development some economists say may be the fastest way to end the supply chain crisis.
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