Computer chip shortages, major port congestion, a serious lack of truck drivers and more are putting the world’s supply chains under extreme stress, slowing the global economic recovery. And unfortunately, Moody’s Analytics warns that these disruptions “will get worse before they get better.”

Moody’s warned of some “dark clouds ahead” due to several factors that create a challenge in overcoming present supply constraints.

1. Differences in how countries are fighting COVID-19. These differences present a “serious challenge to harmonizing the rules and regulations by which transport workers move in and out of ports and hubs around the world.”
2. Lack of effort in ensuring smooth operations. With efforts on each individual country taking precedence, global operations are on the backburner.

However, not everyone shares this gloomy outlook. JPMorgan Chase CEO Jamie Dimon is confident that these kinks will fade completely by this time next year. (CNN Business, 10.13.21)

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