I understand how they got delayed initially, but what factors have prevented things from rebounding? For instance, I work in the medical field an am being told some product is “backordered” multiple times a week. Besides inventing a time machine, what concrete things are preventing a return to 2019 supplys?
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In addition to the logistics issues that have been mentioned, which impacted the ability to produce and transport goods around the world, there is also the “toilet paper effect”: which is the desire of people who were burned by shortages to attempt to stock up on years’ worth of components critical to their own products. e.g. imagine that your entire car production line was stopped because you couldn’t get a $1 LED. When things started moving again you’d probably order several years worth of those LEDs right? When everyone does that and hoards what they can find there is a shortage that continues even when the supply has returned to normal levels.
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