Supply Chain Bottlenecks Are Only Half The Story – Massive Consumer Demand & Spending Have Outstripped Supply
October 27, 2021 at 15:12 PM EDT
Recent shortages are not only due to COVID-19 related lockdowns restricting supplies. In many cases, demand is also running far stronger than it did during the previous business cycle. As the following chart illustrates, retail sales spiked as the U.S. economy reopened and demand has remained...
