US EditionHidden Bottlenecks Threatening the Global Economy
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The closure of the Strait of Ormuz is only the last of a series of major supply disruptions that the global economy has suffered since 2020. However, on each occasion, the resulting shortage seems to surprise policy makers. From personal protection teams at the start of the COVID-19 pandemic to fertilizers and sulphur today, the main bottlenecks and complex supply chain interdependencies that result from these shortages remain poorly understood,…
The closure of the Strait of Ormuz is only the latest in a series of major supply shocks that the world economy has experienced since 2020. However, on each occasion, the resulting shortage seems to surprise policy makers. From personal protection teams at the start of the COVID-19 pandemic to fertilizers and sulphur today, the main bottlenecks and complex interdependencies of supply chains that cause these shortages remain little understood, an…
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