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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China didn’t really reopen until recently, and there’s a really long backorder.
Further, a lot of the companies necessary for many global supply chains basically curled up and died over the course of the pandemic, and replacement companies don’t just magically pop into existence.
On top of that; the US-China confrontation is expanding, resulting in general supply chain breakdowns.
Put bluntly; the pre-COVID world is not coming back. The entire globalized economic system we enjoyed prior to the pandemic is dead, and will not come back any time this decade.
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