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‘A perfect storm’: supply chain crisis could blow world economy off course

THE GUARDIAN - From Liverpool to LA, shortages of energy, labour and transport are threatening recovery from Covid * How the supply chain crisis is affecting six big economies It was all going so well. Successful vaccination programmes were driving the post-pandemic recovery of the global economy, stock markets were back at record highs, and prices were rising just enough to make deflation fears a thing of the past. But a supply crunch that initially put a question mark over the availability of luxury cars or whether there would be enough PlayStations under our Christmas trees is instead morphing into a full-blown crisis featuring a shortage of energy, labour and transport from Liverpool to Los Angeles, and from Qingdao to Queensland. Continue reading...