08
Jun
The COVID-19 pandemic and resulting economic crisis significantly disrupted supply chains around the world, forcing many families to navigate empty store shelves, endure longer delivery times, and pay higher prices at the register. Supply chain bottlenecks for critical inputs, like semiconductors, exposed major U.S. economic and national security vulnerabilities, many of which were decades in the making. Pandemic-induced disruptions were exacerbated by Russia’s unjust invasion of Ukraine, which further highlighted the dangers of overreliance on geographically concentrated production and far-flung, fragile supply chains. Together, the pandemic and the war contributed to a surge in input costs and inflation across many…
