Page 6 - BusinessWest May 26, 2020
P. 6
6 MAY 26, 2021
FEATURE
The Rising Cost of ... Everything
The Economic Factors Affecting Supply, and What They Mean for Businesses
To understand
what’s
happening in
today’s global
economy, one
UMass economist
said it’s helpful to
picture it as a grid filled
with connected nodes.
When one of those
nodes — manufacturing,
distribution, shipping, you
name it — is disrupted, the
impact is felt by everyone.
These days, those disruptions are occurring across the supply chain, and for many different reasons, causing costs to soar — both for businesses
and their customers. It’s a major concern with no simple solution, and some worry that rising prices may derail what is otherwise looking like an economy in recovery.
BusinessWest
