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This article considers the production deficits, logistics turmoil and demand surges that contributed to supply-chain disruptions that were brought into focus with the advent of the COVID-19 pandemic.
Throughout 2021, the global supply chain has undergone a stress test unparalleled in modern history. In 2020, the pandemic closed factories, displaced workers and crippled production worldwide, slowing shipments and disrupting the supply of certain goods and materials. The result of the ongoing turmoil is what many experts refer to as The Big Crunch of 2021.