Supply Shock 2.0!

“Ignorance is not bliss. Ignorance is poverty. Ignorance is devastation. Ignorance is tragedy. And ignorance is illness. It all stems from ignorance.”- Jim Rohn.

Covid-19 caught every country in the world by surprise. Nobody, even in the developed world, was prepared for a pandemic; thus, the response was contentious and chaotic. The lockdowns across the globe had a catastrophic impact on the economic output.

The world witnessed an unprecedented supply shock and recognised the dominance of China in the world’s supply chain ranging from APIs to semiconductors.

Fast forward to 2022, and humanity saw the most significant inflationary event since the 1970s as Russia attacked Ukraine.

Initially, most people believed that the Russian sanctions would reduce the supply of oil, natural gas, food, metals and fertilisers globally, as Russia is one of the largest suppliers. However, nobody in th…