Global supply chain problems could drag on for “several months” as shipping companies struggle to bridge a “supply-demand mismatch” and counter a persistent shortage of containers, the head of the World Trade Organization has said.
Trillions of dollars of pandemic-related stimulus were feeding into a surge in consumer demand, said Ngozi Okonjo-Iweala, prompting businesses to hoard hard-to-come-by inventory.
“When I speak to some business people, there’s a bit of panic this year that their supply chain is going to be impacted,” the WTO director-general said in an interview at the FT Africa Summit.
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