Academic Minute: Kevin Ketels on reasons behind ongoing shortages
Kevin Ketels, assistant professor of teaching in global supply chain management at Wayne State University, delves into the reasons behind ongoing shortages. Ketels suggests there are four reasons for the issue: consumer demand is up, there are fewer workers, there is a shortage of shipping containers, and ports in the U.S. and around the world are clogged. “Before COVID-19, global supply chains worked pretty efficiently to move products around the world,” Ketels said. “There a couple ways we’ll see relief – a shift of consumer spending from goods to services and increased global vaccination rates. I don’t expect either to happen until well into 2022.”
