It seems we’ve all become students of economics during the pandemic.
Listen to the latest episode of "Connect the Dots" below.
Thanks to increased demand for now scarce items, prices are through the roof on everything from new cars and TV’s to meat, poultry and paper goods. There’s even sticker shock on both real and artificial Christmas Trees this holiday season.
The higher prices – and in many cases a shortage of goods – is thanks to the “still disrupted” supply chain, the interconnected system of delivering goods and services across the world.
Currently, the National Retail Federation is predicting an increase in consumer spending this holiday season of 8.5 to 10.5 %, proving that a slowdown at the ports has nothing on shopper ambition.
Earlier this summer, "Connect the Dots" covered America’s supply chain crisis.
How has the situation since then impacted the supply chain workforce?
“Transport Workers have borne the brunt of all the restriction,” Secretary General of the International Chamber of Shipping Guy Platten told “Connect the Dots”.
“Transport Workers have borne the brunt of all the restriction,” Secretary General of the International Chamber of Shipping Guy Platten told “Connect the Dots”.
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