Global Supply Chain Concerns Rise As War And COVID Continue

The video discusses growing concerns over the Trans-Pacific trade from China, particularly due to COVID-19 restrictions in Shanghai, which are affecting global supply chains. It highlights China's increased trade with Russia amidst Western sanctions and the potential global food crisis due to disruptions in wheat and corn supplies from Ukraine and Russia. Economic leaders are focusing on preventing global starvation as food, energy, and fertilizer prices rise.

What is the main concern regarding the Trans Pacific trade from China?

• The increase in tariffs

• The impact of COVID-19 restrictions in Shanghai

• The lack of demand for goods

• The rise in fuel prices

What is happening in Shanghai that is causing concern?

• Forcible isolation of COVID patients

• Relaxation of COVID-19 restrictions

• A new trade agreement

• Opening of a new port

Why is there some optimism among experts despite the situation in Shanghai?

• Trade with Europe is increasing

• New trade routes are being developed

• The pandemic is over

• Other ports in China are still operational

What is a major concern regarding global trade due to the war?

• Increase in luxury goods

• Potential food crisis

• Decrease in technology exports

• Rise in tourism

What percentage of the world's wheat and corn was supplied by Ukraine and Russia before the disruptions?

• 20% and 30%

• 10% and 15%

• 5% and 10%

• 25% and 35%