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This begins at the producing countries in Asia as China Furthermore, another crisis arose; the crisis of truck
till it reaches the consuming countries in Europe, the drivers. Where the US suffered from that catastrophe
US and the Middle East. However, returning matters to as well as the UK as a result of "Brexit". Where the
normal hasn't been as easy as expected. To illustrate British authorities imposed restrictions on foreign
this, let's take a look at the production process before labor and most truck drivers were immigrants from
and after the shutdown. Most of the released reports in eastern Europe and these restrictions pushed them to
the previous period, such as the BBC, indicated that emigrate and leave their jobs. Therefore, the delivery
goods in demand increased by 25% more than they of commodities to shops has been delayed which
were before the public lockdown. caused a severe shortage crisis which in turn resulted
Therefore, factories began to operate at full capacity in in price inflation.
order to adapt to the huge demand rates. So, production On the other hand, the supply chain crisis has spread
rates also rose to an unprecedented degree until the
occurrence of the energy crisis in China which all over the world as a result of globalization which
increased the problem even more. has made the world economically interconnected. This
The other factor is transportation, where marine crisis caused giant companies to incur losses. For
shipping is the backbone of the international trade as it instance, APPLE was forced to reduce its new
transports about 80% of it. However, the size of production by 11% and delay delivery for an
produced commodities after the lifting of the lockdown additional month as a result of the aforementioned
wasn’t suitable with the number of cargo ships which crisis.
caused a state of congestion in the ports for days. For We can conclude from the foregoing that we are
instance, congestion lasted for 3 days in the port of currently facing an extremely difficult crisis. A crisis
Rotterdam in the Netherlands and for 12 days in some that economists expect will end by the end of 2022 in
US ports. the best case. However, the majority of experts felt that
As a result, the shipping prices have risen the crisis would take a long time. Where it might lead
unprecedently by tenfold compared to the same time to a state of stagnation, followed by a contraction in
last year. What's more is that not only will all of this the movement of international trade. Which means an
be borne by the importer or seller, but it will also be increase in inflation rates, accompanied by high prices
added to the final value that will be borne by the and the emergence of protest movements and the threat
consumer. of existing regimes to fall.
In addition to that, ports suffered from labor shortages On the other hand, this crisis is a warning bell to
as a result of Corona which caused a reduction in their developing countries to rely on themselves to achieve
number.
development

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