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Post by account_disabled on Nov 22, 2023 3:43:35 GMT
Due to the coronavirus pandemic and the Russian-Ukrainian armed conflict, store shelves are seeing higher and higher prices from week to week. According to the Price Index in Retail Stores report, the products that are becoming more expensive the fastest are oil, dry goods, dairy products and meat. The information about the increase in sugar prices was widely reported and caused panic buying among the public. In the case of rising sugar prices, one of the main reasons is unfavorable climatic conditions in Brazil, which is the largest exporter of this good, which negatively affected the cultivation of sugar cane. In turn, at the beginning of , the Chief Veterinary Inspectorate in Poland reported the outbreak of several bird philippines photo editor flu outbreaks, which resulted in large losses and a price increase of . Computer and Internet The popularization of technological innovations in the United States in the s in the form of computers and the Internet revolutionized the reality at that time. They are treated as an example of a positive supply shock because these inventions contributed to increased productivity and profits of enterprises. Between and , inflation processes weakened. GDP increased almost twice, and the percentage of unemployed people dropped twice. How to protect yourself against a supply shock? Past experience has shown that entrepreneurs need to devote more attention to crisis management strategies to protect themselves against the consequences of a supply shock. What actions should you take? Invest in modern IT infrastructure to manage your supply chain more effectively; Expand the group of events you have an extensive network of contacts and do not expose.
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