Supply chain disruptions have been present since the onset of the COVID-19 pandemic. However, they’ve been largely unpredictable, impacting different firms at different times for different reasons. Most recently, a microchip shortage has curbed automotive and other manufacturing, capacity constraints in steel production have led to rapidly rising prices, and COVID-19-related absences have created bottlenecks in logistics networks. Indeed, one of the earliest ways in which the US economy has been impacted by the coronavirus has been via disrupted supply chains. The Federal Reserve Bank of Cleveland has monitored these disruptions for more than a year.
The May FedTalk will feature the work of Julianne Dunn, as well as a panel of experts, who will discuss the evolution of supply chain disruptions since the beginning of the pandemic.
A Q&A session will follow the discussion.