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After decades of living in London, Los Angeles, New York, and Dallas, my wife and I decided to settle down in the Scottish countryside. The “middle of nowhere” is a happening place compared to where we live. On a busy day, we may see a couple of cars , a tractor, and an ATV with a border collie hanging off the back.
My house is surrounded by fields of oats and barley, but I’m sure the price of my oat milk is about 25% more than I used to pay. But our local pellet supplier recently informed us in a very informational email that, “A huge amount of pellets sold in the UK come from Russia, Ukraine, and Belarus. This kept the prices so low that many UK producers folded. Now that these imported pellets are not available, it has created a shortage of wood pellets in the UK and Europe.”
And the ripple-effect of inflation is that it impacts not just global corporations, but also small businesses, families, and individuals all over the world – from rural Scotland to urban New York City. There are five key areas impacting inflation and supply chain issues:2. The Great Resignation happened
Insufficient labour combined with rising inflation have triggered a myriad of tangible effects on American daily life, including widespread delays in receiving products and services – just as I’ve experienced with wood pellets – and out-of-stock situations for items in stores and even online.Before the pandemic, online shoppers encountered an out-of-stock item once every 200 pages. By early 2022, that number had jumped 235% toEmployee shortages have hit grocery stores particularly hard.
Global Supply Chain Rising Costs Cloud ERP SAP Global Economy Shopping Trends Great Resignation
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