Do We Have a Supply Chain to the Future?

We hear endlessly about the broken ‘supply chains’ that are causing product shortages and rising prices. Here is a pretty good overarching description of what exactly that means: the mix of radically changed consumer behaviors along with various knock-on effects from factory closures, retoolings and more that happened in the early months of the pandemic. I recommend it because it gives a good sense of just how intractable the issue is at least in the short term and how the different factors interact with each other.