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The world economy is suddenly running low — on everything


A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying to stock up.
Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and assuage that primal fear of running out. The frenzy is pushing supply chains to the brink of seizing up. Shortages, transportation bottlenecks and price spikes are nearing the highest levels in recent memory, raising concern that a supercharged global economy will stoke inflation. ....

United States , South Korea , City Of , United Kingdom , Marc Bitzer , John Cheng , Jennifer Rumsey , Zac Rogers , Vincent Tsui , David Landau , Joe Biden , Lael Brainard , Dennis Wolkin , Los Angeles , Tom Linebarger , Shanella Rajanayagam , Todd Fowler , Columbia Sportswear Co , Reynolds Consumer Products Inc , Ds Smith Plc , Technology Ltd , Blujay Solutions , Bloomberg Television , Cummins Inc , Gavekal Research , Colorado State University College Of Business ,

World economy: The world economy is suddenly running low on everything


A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying to stock up.
Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and assuage that primal fear of running out. The frenzy is pushing supply chains to the brink of seizing up. Shortages, transportation bottlenecks and price spikes are nearing the highest levels in recent memory, raising concern that a supercharged global economy will stoke inflation. ....

United States , South Korea , City Of , United Kingdom , Marc Bitzer , John Cheng , Jennifer Rumsey , Zac Rogers , Vincent Tsui , David Landau , Joe Biden , Lael Brainard , Dennis Wolkin , Los Angeles , Tom Linebarger , Shanella Rajanayagam , Lee Klaskow , Todd Fowler , Columbia Sportswear Co , Reynolds Consumer Products Inc , Ds Smith Plc , Technology Ltd , Blujay Solutions , Bloomberg Television , Cummins Inc , Gavekal Research ,

World economy suddenly running low on everything


Food costs are climbing, too. The world’s most consumed edible oil, processed from the fruit of oil palm trees, has jumped by more than 135% in the past year to a record.
A YEAR ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously stocking up.
Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and assuage that primal fear of running out.
The corporate buying and hoarding is pushing supply chains to the brink of seizing up. Shortages, transportation bottlenecks and price spikes are nearing the highest levels in recent memory, raising concern that a supercharged global economy will stoke inflation. ....

United States , South Korea , City Of , United Kingdom , Marc Bitzer , John Cheng , Jennifer Rumsey , Zac Rogers , Vincent Tsui , David Landau , Joe Biden , Lael Brainard , Dennis Wolkin , Los Angeles , Tom Linebarger , Shanella Rajanayagam , Lee Klaskow , Todd Fowler , Columbia Sportswear Co , Reynolds Consumer Products Inc , Ds Smith Plc , Technology Ltd , Blujay Solutions , Bloomberg Television , Cummins Inc , Gavekal Research ,