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Global supply chain problems are intensifying and threatening economic recovery

11/26/2021

“Global supply-chain bottlenecks are feeding on one another, with shortages of components and surging prices of critical raw materials squeezing manufacturers around the world.”

“Global supply-chain bottlenecks are feeding on one another, with shortages of components and surging prices of critical raw materials squeezing manufacturers around the world.” 

“The supply shocks are already showing signs of choking off the recovery in some regions.” 

“Part of the problem is a global economy that is out of sync on the pandemic, restrictions, and recovery. Yet the waiting list for new truck deliveries is nine months, producers say. Their own supply-chain problems make it harder to deliver the fuel and materials that would help resolve supply problems elsewhere, reinforcing the bottlenecks.”

Workers inspect vaccination certificates and Covid-19 test results at a checkpoint in Ho Chi Minh City, Vietnam
PHOTO: MAIKA ELAN/BLOOMBERG NEWS

“Strikes and Covid-19 cases among port workers in Australia have curtailed operations. In the United Kingdom, new car sales were down 30% in July. The decline continued in August when new car sales across Europe fell 18%, to 724,710 vehicles.” 

“We are not demand-constrained, we are supply-constrained” Daimler AG CEO Ola Källenius said in early September, adding that the chip supply squeeze would hit third-quarter sales and be felt into 2023.” 

Source: Write to Chuin-Wei Yap at chuin-wei.yap@wsj.com, William Boston at william.boston@wsj.com, and Alistair MacDonald at alistair.macdonald@wsj.com

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