Economics Observatory – Operational Excellence Society https://opexsociety.org Tue, 05 Jul 2022 17:28:28 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://opexsociety.org/wp-content/uploads/2015/11/cropped-Opex-Favicon-512x512-32x32.png Economics Observatory – Operational Excellence Society https://opexsociety.org 32 32 What is supply chain inflation and why is it driving up consumer prices now? https://opexsociety.org/body-of-knowledge/what-is-supply-chain-inflation-and-why-is-it-driving-up-consumer-prices-now/ Sun, 26 Jun 2022 11:59:00 +0000 https://opexsociety.org/?p=27273 This post What is supply chain inflation and why is it driving up consumer prices now? appeared first on Operational Excellence Society.

The interconnectedness of global supply chains means that when one price goes up, others tend to follow. Increases in labour, energy and transport costs are contributing to inflation around the world, posing difficult policy challenges. Back when we could travel easily, a regular announcement at airports all over the world was: ‘The airline would like...

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