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Mounting shortages and rationing disrupt supply chains, Diane Swonk warns
Diane Swonk highlights that the war in Iran is not only causing an oil shock but also has wider effects on global supply chains. She explains that shortages and rationing are increasing in emerging markets and that freight costs in the U.S. are surging once again.
Swonk emphasizes the significance of growing uncertainty in this environment, as supply chains face renewed disruptions.
Swonk has previously noted that import and export prices jumped in February, with computers and semiconductors rising sharply. She also pointed out the influence of Gulf countries as global financial actors through their sovereign wealth funds. These factors contribute to current pressures on supply chains and trade flows.
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