Project Syndicate: Supply-Shock Therapy
The world has recently experienced a cascade of supply-chain disruptions, and further disruptions are likely to impact consumers this Christmas, with widespread shortages emerging around the world.
The world has recently experienced a cascade of supply-chain disruptions, and further disruptions are likely to impact consumers this Christmas, with widespread shortages emerging around the world.
New research co-authored by Professor Vasco Carvalho, uncovers the role of complex and lengthening supply chains play in propagating the impact of disruptions brought about by local disturbances, such as natural disasters, terrorist attacks or localized shutdowns.