Global supply chains are in a snarl. Dozens of container ships sit off the shores of places as far-flung as Los Angeles, Shanghai, and Rotterdam. Fall earnings calls have been peppered with talk of bottlenecks and downside risks. Dislocations and shortages have led to big price jumps, boosting U.S. inflation rates to three-decade highs.
Still, nearly two years into a global pandemic, international supply chains have weathered market shocks better than most expected. They have adjusted and adapted in some ways, but they have mostly continued on as before.
