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Supply and demand....the wonderful world of Economics.
We now live in a globalized world, and with that, resources and commodities have also become globalized. The impact of this? well, when the butterfly flaps its wings on one side of the world, that can be felt on the other far side of the globe, and in many cases across the entire world.
The world has been heavily impacted over the past 2 years with the CoCo and then Omicron, and now with the events in Eastern Europe, it seems the world is taking another blow, just as we were picking ourselves up off of the canvas.
Supply chains are really taking a hit, and we can see it with the price of fuel, and this just seems to be the start. With the price of fuel increasing, this will have a knock-on effect, and just how remains to be seen.
Either way, this will most likely hurt and not just in the hip pocket.
Supply and demand....the wonderful world of Economics.
We now live in a globalized world, and with that, resources and commodities have also become globalized. The impact of this? well, when the butterfly flaps its wings on one side of the world, that can be felt on the other far side of the globe, and in many cases across the entire world.
The world has been heavily impacted over the past 2 years with the CoCo and then Omicron, and now with the events in Eastern Europe, it seems the world is taking another blow, just as we were picking ourselves up off of the canvas.
Supply chains are really taking a hit, and we can see it with the price of fuel, and this just seems to be the start. With the price of fuel increasing, this will have a knock-on effect, and just how remains to be seen.
Either way, this will most likely hurt and not just in the hip pocket.