The global economy’s whiplash effect, the supply chain has collapsed

Professor Yossi Sheffi, one of the world's leading scholars in the field of supply chain management. Regarding the cause of the global supply chain crisis triggered by the novel coronavirus pandemic, Professor Sheffi said, “The Federal Reserve (the central bank of the United States) can solve trillions of dollars right away with a single signature, but parts or finished products can cost thousands of miles. It's on the other side of the planet," he pointed out. This means that rapid liquidity and rising consumer demand are exacerbating supply chain bottlenecks...