The 2021 Global Supply Chain Crisis: Causes and Challenges

The video discusses the global supply chain crisis exacerbated by the COVID-19 pandemic. It highlights three main causes: a sudden change in customer demand, a global worker shortage, and the limitations of the Just in Time model. The pandemic led to increased demand for certain products, worker shortages due to the Great Resignation, and disruptions in the supply chain due to the Just in Time model's reliance on global sourcing. These factors combined to create a significant supply chain crisis.

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