As it turns out, symbols of supply strains like the Ever Given’s blockage of the Suez Canal were about the only things in surplus in 2021.
In Britain, fuel ran low because there weren’t enough delivery drivers after Brexit. It's since been beer and potato chips, thanks to the additional headaches created by leaving the European Union. For electronics makers and auto companies, memory-chip shortages have reminded the world how many of life’s gadgets run on little silicon wafers made mostly in Taiwan and South Korea.
It took several quarters for supply chains to get this knotted, and they won’t mend themselves quickly either. From Los Angeles to Rotterdam, logistics experts have warned recently that the congestion may not abate until 2023. As Lars Jensen, chief executive of the Vespucci Maritime consultancy in Copenhagen, put it: “There’s no easy quick fix for this situation.”
I want my gravel bike :(
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