Prior to the Covid pandemic, global supply chains were quite efficient and conducive to global manufacturing and distribution. The pandemic changed everything; supply chains have been broken and producers all along the supply chains and distribution channels have been affected.
A: Utilizing credible post-2021 online resources, assess how global supply chain disruptions have affected the global economy, with a particular emphasis on the US economy. Focus on how these broken supply chains have affected large corporations like Caterpillar, Deere, and Procter and Gamble, as well as small businesses like your local florist, automotive repair shops, or hardware store. Virtually no company has escaped the scourge of broken supply chains.
B: Empty store shelves or lack of availability of parts or products are telltale signs of supply chain disruptions. Explain how these disruptions have affected production costs, sales, and price levels of virtually all businesses. What are the prospects for fixing these disrupted global supply chains? Have such conditions actually forced some firms to go out of business? Any examples of which you are aware?
Complete the assignment on global supply chain disruptions by compiling A 4 page summary of findings.
