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Cell phones, computers, cars, household appliances and toys are some of the products that suffer from the shortage of raw materials worldwide. The paralysis that the world experienced in March 2020 due to the pandemic brought the unusual demand for some products, including household supplies such as furniture and computers, necessary for teleworking, very common these days. In this edition of Europe Today we analyze the crisis in the supply chain.
But in addition to more demand than supply, there is also a shortage of basic semiconductors for all kinds of electronic products, a problem that stems from a lack of carriers and dependence on China to make them. Also the increase in the prices of oil, gas and electricity affect some companies, which take longer to produce products.
The specific stoppages that occur in some Asian countries due to Covid-19 or adverse weather events have caused the perfect storm in the world.
For all this, it could be said that trade is experiencing a global traffic jam, in which ships often take weeks to unload and traffic jams have occurred in ports, causing products not to reach stores. Now the doubts are centered on whether the world will be able to cope with the period of most consumption of the year: that of Christmas.
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