Tag: industrial shortages

Industrial shortages and the fifth wave: a precursor to an upsurge in the crisis and an exacerbation of economic nationalism

25 July, 2021 · Global situation

Ships are piling up at the mouths of the ports while industrial shortages are worsening.
Ships are piling up at the mouths of the ports while industrial shortages are worsening.

The industrial shortage is not limited to chips anymore. Hundreds of large companies are stopping production at different points in the global chain. The EU and Japan, fearful that U.S. harassment of Chinese products will affect their international investments, are pushing for accelerated repatriation of low-profit but high-impact industries. However, the new Covid wave and the floods in Germany and China have shown that industrial destocking and its aftermath for workers -temporary layoffs and even more precariousness…-are not a passing phenomenon.