The power of inflation on the supply chain
When it comes to economic upheaval, when a company’s overall supply chain is broken, it directly impacts market supply, increasing inflation. For example, with the recent pandemic that occurred in November 2019 (COVID), a majority of the products available on the market depended on parts or elements from China. Following this, Canada had to drastically reduce its trade interactions with China (Canada’s 2nd bilateral partner according to International.gc.ca
Due to the decrease in supply, several secondary markets have had to revise their prices (downwards) in order to better meet the needs of the local population. More details on the consequences of such an economic upheaval in video.
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